Excerpt from PE Hub Network - Yaletown Partners raised more than $100 million in initial commitments for its emerging-growth tech fund, encouraging the firm to bump up the pool’s target, two people familiar with the matter told PE Hub Canada.Yaletown's new Innovation Growth Fund secured the capital in a first close in November, the sources said. It was anchored by a mix of new and returning limited partners, both domestic and international. Participating LPs included a large Canadian pension fund and other institutions, among them family offices, the sources said. Wealthy individuals also invested, including several tech-sector CEOs. Last month, Alberta Enterprise Corp said it committed $10 million.Strong LP demand for the fund prompted Yaletown to increase its target. The Vancouver firm, which originally set a goal of $135 million, is now seeking a minimum of $175 million and may go as high as $200 million if demand is sustained.Read moreAuthor: Kirk Falconer, PE Hub Network
