BC Tech Fund Limited Partnership
Private Equity Fund Formation
We represented the Province of British Columbia in connection with the formation of the BC Tech Fund Limited Partnership, which closed in October 2016. The BC Tech Fund is a venture capital fund-of-funds which was formed as part of the foundation of the Province’s comprehensive technology strategy aimed at stimulating growth in the technology sector, creating jobs and strengthening a diverse economy. The BC Tech Fund is focused primarily on investments at the Series A stage in the Information and Communications Technology, Digital Media, Clean Tech and Life Science/Healthcare sectors. The BC Tech Fund mandate includes investments in BC-based venture capital funds and BC companies. The BC Tech Fund is managed by Kensington Capital Partners, which will make all investment decisions. The Province has made $100 million in commitments to the BC Tech Fund as the sole limited partner.