A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto January 23, 2015. The Canadian dollar strengthened against the U.S. dollar on Friday after Canadian CPI data showed an increase in core inflation.   REUTERS/Mark Blinch (CANADA - Tags: BUSINESS)

HarbourVest Canada Growth Fund nets $375 mln in final close

Boston-based asset manager HarbourVest Partners has closed its venture fund of funds HarbourVest Canada Growth Fund at $375 million. HarbourVest Canada, the fourth and final fund closed in partnership with Ottawa’s Venture Capital Action Plan (VCAP), received two-thirds of its committed capital from institutional, corporate, high-net-worth investors and other limited partners based in Canada, the United States and Europe. Led by HarbourVest Principal Senia Rapisarda, the fund has since its initial close last year committed money to a range of Canadian and international venture capital funds. It has also invested directly in Canadian companies, including Intelex Technologies Inc. HarbourVest Canada’s close brings total fundraising by VCAP-backed funds to $1.36 billion.

Wellington Financial launches fifth fund with $300 mln target

Canadian specialty finance firm Wellington Financial has officially launched its fifth fund, Wellington Financial Fund V, with a hard-cap target of $300 million of re-circulating equity commitments. Fund V, which had its first close this week, is targeted to bring in 50 percent more than Fund IV, closed at $200 million in 2013. Toronto-based Wellington, which had its 15th anniversary […]


Canadian pension PSP gets major LP for CEO

Public Sector Pension Investment Board (PSP Investments) has named André Bourbonnais, the private equity chief at Canada Pension Plan Investment Board, as its new president and CEO, effective March 30, 2015.


Canadian PE’s father-and-son team: Rod and Derek Senft

Travel almost anywhere in North American PE circles and you’ll encounter people who know and speak highly of Rod Senft, founder and managing director of Tricor Pacific Capital. Now his son Derek is making a name for himself at Pender West Capital.

Boris Wertz

Super angel Boris Wertz’s seed fund makes quick ascent to North America’s top 10

Boris Wertz launched Version One Ventures with the aspiration of making it “one of the top 10 seed funds in North America.” Less than a year later, he appears to have realized that ambition. U.S. data platform Mattermark last month ranked Vancouver-based Version One as No. 8 on a list of 115 leading VC investors. PeHUB Canada Editor Kirk Falconer sat down with Wertz to find out his secret to success.

Canadian Investment Company Chief to Retire

Doug Pearce, CEO and CIO of British Columbia Investment Management Corp. (BCIMC), has decided to retire in 2014, following 25 years with the Victoria-based public pension fund manager. Pearce will continue to lead BCIMC until the board of directors names a successor, which is expected to happen by March 31, 2014. During Pearce’s tenure, assets managed by BCIMC grew from $15.9 billion in 1988 to more than $100 billion in 2013.