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BDC to Restructure Its Venture Capital Division and Spin Out Two VC Funds as Independents (one in Vancouver)
Friday, August 3, 2018Company Profile | Follow Company
Vancouver, BC, August 3, 2018--(T-Net)--The Globe and Mail is reporting this month that Peter Misek and Andrew Lugsdin, partners with BDC Capital's Information Technology Venture Fund in Toronto and Vancouver, respectively, will lead a newly formed Framework Venture Partners, which will start with a $100-million fund seeded primarily by Fidelity's private equity group Devonshire Investors and its alternative investment arm Eight Roads, along with backing from the BDC.
The Globe also reported that BDC is planning a similar spin-out for its healthcare venture fund in the coming months.
See the full in-depth story on the Globe and Mail website here.
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