The BMO Georgian Alignment II Access Fund LP launched with the Toronto-based tech investor will allow accredited Canadian investors (typically those whom have over $1 million in investable assets or earn a high salary) to gain exposure to select privately-held North American software companies focused on cybersecurity, social engagement and industrial automation—access which is typically reserved for institutional investors. (The Logic)

Talking point: In the release, Jeffrey Shell, head of alternative investments at BMO Global Asset Management, said the company is “excited to offer a ladder into the walled garden of private markets.” BMO’s fund adds to the growing trend of financial companies expanding investors’ access to private assets that were conventionally reserved for institutional and ultra-wealthy investors. In April of last year, Wealthsimple launched its Wealthsimple Venture Fund, which lets ordinary investors invest in private startups and some private equity funds.