Canada’s Weston family has hired Jim Orlando, managing partner of OMERS Ventures (OV), to run its new venture capital fund, the Globe and Mail reported.
The $100 million fund will be an arm of the Westons’ holding company Wittington Investments, the report said, and invest in areas of strategic interest to the family’s businesses, including Weston Foods and Loblaw Cos Ltd.
Orlando joined OV in 2013 and was responsible for leading its investment in Shopify. Before then, he was a managing director of OMERS Private Equity.
Wittington is a cornerstone investor in the US$350 million debut fund of Radical Ventures, a Canadian artificial intelligence venture capital firm, launched in May.