Kirk Falconer
Ballast aims to provide tailored liquidity solutions to individuals or institutions holding interests in venture-backed companies or growth equity and venture funds.
Dedicated tech funds brought in $33bn in the first half, down 43% from a year earlier, while fund closings, totaling 84, dropped 53%.
CPPIB's new growth equity unit appears to have swallowed up the pension manager's three-year-old venture capital business.
San Francisco-based food technology company GrubMarket has acquired WaudWare, a Kincardine, Ontario-based food supply-chain software solutions provider.
Auvik has acquired MetaGeek, a Boise, Idaho-based provider of tools to help network professionals deploy and maintain wireless networks.
Gensler’s overarching goal, he said, is to 'bring more sunshine and competition to the private funds space.'
Waterloo, Ontario-based Auvik, a provider of cloud-based network management software, has secured a $250 million investment.
ChargerQuest, a Toronto-based electric vehicle charging network, has secured C$3.1 million in financing.
Toronto-based Vetster, a virtual veterinary and pet care marketplace, has secured $12.25 million in financing.
Maverix's $500m debut tech growth equity fund, recently anchored by five institutional LPs, is now heading for a $350m initial close in June.