Penderfund Capital Administration Limited ("Pender") at this time launched Pender Ventures, a new group and model created to accelerate its non-public investments in disruptive tech companies across Canada. The agency is also claiming that a new partner has joined the team and the final closure of its latest fund, Pender Specialization Inflection Fund LP I ("PTIF").
Led by the management of partner Maria Pacella, Pender Ventures will serve as an umbrella for all of Pender's non-public knowledge investments with a compounded AUM of approximately $100 million.
“When I joined Pender, it was intended to focus our investments on some of the most enjoyable advancement options, and these were in the know. Now three years later, tech companies have changed more about the way we live and work. has acquired a more integral part," Pacella said.
“This continuing digital transformation has offered impetus and Pender Ventures is the car that can put us to double-down on Pender’s ‘infection level’ thesis. We aim to help corporations as quickly as possible, make an international impact and To generate massive returns for our traders.
Announcement of another female partner
In the context of its launch at this time, Pender Ventures has worked to announce that Christina Bergman is joining staff as a second female partner. Bergman, B.C.
The native who is relocating from Seattle to Canada to tackle the ceremony is a seasoned government, entrepreneur and investor with over 20 years of knowledge, advertising and marketing, product and investment expertise. As a key member of Pender Ventures staff, she is going to assist in the delivery of new offerings and aim to create value for existing portfolio companies.
"I'm thrilled to be a member of the Pender Ventures staff," said Bergman. “As a founder, I understand the challenges that entrepreneurs face in growing corporations and the significant work capital can play into the lifecycle of an agency, if injected at the appropriate time. I would like to pander again. Ready to serve the founders and applied sciences that can move the world forward."
Final Closing of Pender Specialization Inflection Fund LP I
Pender completed its balance closure of its Pender Specialization Inflection Fund LP I in October 2020. PTIF is a $25M fund targeted to serve corporations past seed stage. Traders include Export Growth Canada (EDC) and VanCity, among others. The funding focus is on datacentric start-ups in health-tech, enterprise software programs and industrial transformation.
“The Pender Expertise Inflection Fund aims to serve enterprise technology companies globally, and fosters a diverse workforce of funding professionals, with 40% of the current portfolio headed by female CEOs,” said Carl Burlock, Government Vice President and said. Chief Enterprise Officer at EDC.
“This important partnership is revolutionary and strongly aligns with EDC’s mandate to enable various Canadian corporations to grow their companies internationally. We look forward to continued collaboration to better benefit Canadian companies.”
So far, the fund has efficiently invested in 5 dynamic Canadian companies across a variety of knowledge and health technology.
About EDC
Export Growth Canada (EDC) is a monetary crown company dedicated to serving Canadian corporations of all sizes who are successful globally. As a worldwide threat advisor, we equip Canadian corporations with the tools they need – commerce information, financing options, fairness, insurance coverage, and connections – to grow their enterprise with confidence.
Behind all our support is a dedication to sustainable and accountable enterprise. EDC's domestic capabilities have been extended until December 31, 2021, to assist Canadian companies going through the extreme monetary challenges posed by the global response to Canadian authorities. This broad mandate will allow EDC to develop its support for companies targeted domestically.