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CVCA Enterprise Q3 04

16/09/2004Source: The Canadian Venture Capital and Private Equity Association.  

A total of $375m was invested in the Canadian private equity industry in the second quarter of 2004, up by 48 per cent from the $254m invested in the same period last year. But the total amount invested was down by eight per cent when compared to the first three months of the year, according to the Canadian Venture Capital and Private Equity Association.

Canadian private equity funds raised $317m in the second quarter of 2004, almost double the $162m raised during the same period in 2003, but significantly below the $589m that was raised in the first quarter.

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The Canadian Venture Capital Association believes that venture capital plays a significant role in assisting dynamic Canadian companies in the achievement of their growth objectives and is committed to the promotion and support of venture capital as a professional practice. For more information please visit www.cvca.ca

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