BioCentury
ARTICLE | Finance

Broader minded in Canada

New Canadian fund to broaden BDC Venture Capital's exposure in healthcare

September 30, 2013 7:00 AM UTC

With C$135 million ($131 million) for its second healthcare fund, the venture arm of the Business Development Bank of Canada is hoping to achieve top quartile returns so that when BDC Venture Capital raises its next fund, it will be able to entice investors other than the Canadian government, which is currently its sole shareholder.

BDC Venture Capital has about C$1 billion ($970.7 million) under management and invests in Canadian IT, healthcare and energy/clean technology companies. The firm also makes indirect investments through fund-of-fund investments...