PORTFOLIO
Sector Funds and Seeding Funds
As at December 31, 2008, the Board of Directors has authorized total investments of $137 million in 10 funds.
Capital St-Laurent
Fonds Propulsion III, L.P.
Fonds Brightspark II, L.P.
AgeChem Venture Fund L.P.
Rho Canada de risque, L.P.
Novacap Technologies III
Novacap Industries III
CTI Life Sciences Fund, L.P.
iNovia II, L.P. (formerly MSBi)
GO Capital, L.P. (formerly CapInov)
A $33 million information technology sector fund. The target stages are pre-seed, start-up and the first stage of development. Minimum investments in Québec will be $30 million. Formerly known as Garage Technology Ventures, this fund was restructured in 2008. A new manager joined the team and capitalization went from $50 to $33 million. The investment of FIER Partners, L.P. is now $7,209,302.
A $75 million information technology sector fund. It targets start-up businesses and companies in their first round of financing. Minimum investments in Québec will be $30 million. The investment of FIER Partners, L.P. is $10 million.
A $60.5 million information technology sector fund. The target stages are pre-seed and start-up. Minimum investments in Québec will be $15 million. The investment of FIER Partners, L.P. is $5 million.
A $65 million biotechnology sector fund. Minimum investments in Québec will be $30 million. The investment of FIER Partners, L.P. is $10 million.
A $89 million IT sector fund. Minimum investments in Québec will be $30 million. The investment of FIER Partners, L.P. is $10 million. Closing occurred on February 20, 2007.
A $163 million information technology sector fund. The investment of FIER Partners is $10 million. Closing occurred on June 22, 2007.
A $400 million industrial sector fund. The investment of FIER Partners is $10 million. Closing occurred on June 19, 2007.
A $100 million biotechnology sector fund. Minimum investments in Québec will be $30 million. The investment of FIER Partners is $25 million, including $15 million from the seed component. Closing relating to the seed portion of $15 million occurred on March 1, 2007.
iNovia II, L.P. (formerly MSBi)
An IT, life sciences and clean technology sector fund totalling $107 million, including $15 million from the seed component. Closing of the seed component occurred in December 2007.
GO Capital, L.P. (formerly CapInov)
An information technology and biotechnology seed fund totalling $100 million (including the parallel co-investment agreement with BDC). The investment of FIER Partners, L.P. is $25 million. All investments will be in Québec.