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Ontario Venture Capital Fund (“OVCF”)

OVCF is a joint initiative between the Government of Ontario and leading institutional investors to invest primarily in Ontario-based and Ontario-focused venture capital and growth equity funds that support innovative, high growth companies.

OVCF is structured as a fund of funds with the primary objective of generating attractive returns for its investors. The fund closed in June 2008 with $205 million in capital commitments of which $90 million came from the Government of Ontario. The Lead Investors include the Government of Ontario, TD Bank, RBC, the Business Development Bank of Canada, and Manulife Financial.