Private Capital Journal

Private Capital Journal is the only source in Canada dedicated solely to news and information about private capital financing. We provide insights into all aspects of private capital financing, including announced and completed deals, as well as those that are unannounced. Our coverage spans angel investments, venture capital, private equity, and exempt financing, along with public financing, mergers and acquisitions, initial public offerings, fundraising, and updates on key individuals in the industry. Our platform is the go-to destination for readers seeking to discover private capital deals before they are publicly announced or even if they may never be disclosed.

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Financial Times Group invests in the Logic

Aug 20, 2024 | privatecapitaljournal.com | Ted Liu

The Financial Times Group has made undisclosed amount in The Logic Inc. As part of financing, Alexandra Calinikos from FT Ventures, has joined The Logic board of directors. FT Ventures joins Postmedia Network and Lessin Media Company as corporate shareholders. The Logic Inc. is founded and led by David Skok. The Financial Times Group launched FT Ventures in February 2024, a new corporate venture arm to invest in high-growth innovative companies operating in the global information industry.
Simple Ventures holds closing for inaugural fund

Aug 16, 2024 | privatecapitaljournal.com | Ted Liu

CPE News (8.16.2024) – Simple Ventures has held a closing for its first fund, raising $[Premium Contents, please Log In or Subscribe] million from Canadian and French investors. Formed in 2023, it is not clear if the current closing is the fund’s initial close. Officially launched in March 2024, Simple Ventures is “Canada’s first venture studio of its kind, operating model sets it apart from traditional venture capital.
Genesys Capital invests in Feldan Bio

Aug 14, 2024 | privatecapitaljournal.com | Ted Liu

Genesys Capital Management Inc., a Toronto based life science focused venture capital firm, has made its first (disclosed) investment out of its fourth fund. Genesys Capital has led a new $[Premium Contents, please Log In or Subscribe] million financing in Feldan Bio. Existing investors, Investissement Québec, Fonds de solidarité FTQ and AQC Capital also participated in the financing. Launched in August 2023, Genesys Capital has yet to make any announcement of the initial close of the fund.
ONCAP V tops US $1.07B

Aug 14, 2024 | privatecapitaljournal.com | Ted Liu

ONCAP V has closed a new closing, bringing the total fund size to US $1.07 billion, closer to its fundraising target. ONCAP V raised US $[Premium Contents, please Log In or Subscribe]Launched in 2022 and with a fundraising target of US $1.5 billion, ONCAP V originally set to hold its final close in 2023. ONCAP IV, a 2016-vintage fund closed in November 2016 with US $1.1 billion.
Birch Hill partially funds its part of $1.2B Park Lawn privatization with co-invest vehicle

Aug 13, 2024 | privatecapitaljournal.com | Ted Liu

On August 9, 2024, Park Lawn Corporation (formerly TSX: PLC, PLC.U) completed previously-announced plan of arrangement transaction involving Viridian Acquisition Inc., a wholly-owned subsidiary of Viridian Holdings LP, a limited partnership collectively owned by Homesteaders Life Company and certain funds the general partner of which is Birch Hill Equity Partners Management Inc.
Amplify Capital launches Fund III

Jul 30, 2024 | privatecapitaljournal.com | Ted Liu

Amplify Capital has launched fundraising for its third fund, Amplify Capital III. Fund III consists of [Premium Contents, please Log In or ]Led by Kathryn Wortsman, Amplify Capital spun out of MaRS Catalyst and launched the next fund independently. Amplify Capital held first close of Fund II in 2020 with a final close in January 2022, with total commitment capital of $36 million.
MKB Equity Partners launches Fund III with initial close

Jul 18, 2024 | privatecapitaljournal.com | Ted Liu

MKB Equity Partners has launched MKB Partners Fund III with an initial close in March 2024. At initial close, MKB Partners Fund III raised US $[Premium Contents, please Log In or Subscribe]MKB Equity Partners has yet to announce Fund III fundraising efforts and limited partners (LPs), and its proposed target fund size. Fund III will be managed by an MKB Equity Partners affiliated General Partnership which is led by Jesse Teichman, Antonio Occhionero, Kenneth MacKinnon, and Chanel Damphousse.
OMERS Ventures continues to dispose D2L shares and ceases to report its holdings

Jul 2, 2024 | privatecapitaljournal.com | Ted Liu

OMERS Administration Corporation (OAC) has filed an alternative monthly report, disclosing that on June 20, 2024, OMERS Ventures LP, an entity indirectly controlled by OAC, disposed of 616,000 Subordinate Voting Shares of D2L Inc. (TSX: DTOL) through the open market facilities of the Toronto Stock Exchange (TSX).
Northleaf closes 3rd VCCI/VCAP fund at $370M

Jun 13, 2024 | privatecapitaljournal.com | Ted Liu

Northleaf Capital Partners has closed Northleaf Venture Catalyst Fund III at its $370 million hard cap.
McRock Capital holds US $85M close for McRock Fund III

Jun 5, 2024 | privatecapitaljournal.com | Ted Liu

McRock Capital Corporation has held US $85 million close for McRock Fund III. Limited Partner (LP) investors include Alberta Enterprise Corporation (AEC), Export Development Canada (EDC), Bell Ventures, CIBC Innovation Banking, AspenTech, and others. AEC, a Fund II LP, invested US $10 million in Fund III. Fund II LPs, BDC Capital, Cisco Investments, HarbourVest Partners and Shell Ventures were not among the disclosed LPs.Fund III is managed by general partner, McRock Fund III GP, and an affiliate.