BMO rolls out tech-focused Access Fund for Canadian retail investors

The Access Fund will have exposure to North American software companies backed by Canadian growth equity firm Georgian.

  • The Access Fund fund will have exposure to Georgian-backed companies in areas like cybersecurity, social engagement and industrial automation
  • Founded in 2008, Toronto-based Georgian invests in high-growth technology companies

BMO Global Asset Management has launched BMO Georgian Alignment II Access Fund to help Canadian accredited investors gain exposure to privately-held technology companies. No financial terms were disclosed.

The Access Fund will have exposure to North American software companies backed by Canadian growth equity firm Georgian. The companies will typically focus on areas like cybersecurity, social engagement and industrial automation.

“We are excited to offer a ladder into the walled garden of private markets,” said Jeffrey Shell, head of alternative investments, BMO Global Asset Management, in a statement. “Investing in privately-held technology companies has long been among the most successful strategies to grow wealth, and could play an important role in appropriately diversified portfolios. The Access Fund provides an exclusive opportunity for accredited investors to gain exposure to established companies in areas essential to today’s economy and forming the backbone of where we’re headed. These companies benefit from Georgian’s impressive approach to achieve their true potential, leveraging bespoke technology tools, advanced research and development and customized guidance from experienced senior leadership.”

BMO Global Asset Management is a part of BMO Financial Group, a Canadian financial services provider. It had total assets of C$1.14 trillion as of October 31, 2022.

Founded in 2008, Toronto-based Georgian invests in high-growth technology companies. As of September 30, 2022, it had raised $4.2 billion in funding across 67 investments.