Page 54 - Demo

Note 7
Portfolio Investments (Cont’d)
(in thousands)
Limited Partnerships
32 Degrees D.E.Fund II (S&T AIV) Accelerate Fund I
Accelerate Fund II
Accelerate Fund III
Alpaca VC Fund III LP(b)
Amplitude Ventures Fund I
Azure Capital Partners III(b)
Azure Opportunities Feeder Fund(b) Builders VC Fund I(b)
Builders II Fund(b)
Chrysalix Energy III Fund(b)
EnerTech Capital Partners IV(b)
Evok Fund II(b)
Flying Fish Fund II QP LP(b)
iNovia Fund 2018(b)
iNovia Fund III
iNovia Fund V(b)
iNovia Growth II(b)
McRock Fund II
McRock iNfund
New Acres Capital Ag & Food Panache Ventures Investment Fund Panache Ventures Investment Fund II PillarFour Capital Fund II(b)
Relay Ventures Fund III(b)
Relay Ventures Fund V(b)
Sprout II
Yaletown Innovation
Yaletown Innovation
Yaletown Ventures II
Total – March 31, 2023
Total – March 31, 2022
Growth Growth Fund II
Funds Disbursed to Partnerships for Original Commitment(a)
Remaining Commitments
Total Funds Disbursed and Committed, End of the Year
Cost of Investments
$
9,937 10,000 9,350 6,778 3,282 2,412 11,319 2,541 8,369 4,459 16,371 18,082 1,986 3,079 10,063 10,000
– 10,177
7,328 10,000 4,898 4,623 2,000 1,465 12,390 2,514 331 7,500 3,014 14,000
208,268
184,827
$
63 – 650 8,222 6,749 2,588 – 108 1,497 9,101 552 395 11,565 6,899 3,011 – 16,240 9,642 2,672 – 102 377 8,000 2,489 832 11,004 2,169 2,500 10,686 –
118,113
84,453
$
10,000 10,000 10,000 15,000 10,031
5,000 11,319 2,649 9,866 13,560 16,923 18,477 13,551 9,978 13,074 10,000 16,240 19,819 10,000 10,000 5,000 5,000 10,000 3,954 13,222 13,518 2,500 10,000 13,700 14,000
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
6,724 10,000 9,350 6,778 3,282 2,412 11,319 2,541 8,369 4,459 16,371 18,082 1,986 3,079 10,063 10,000 – 10,177 7,328 10,000 4,898 4,623 2,000 1,465 12,390 2,514 331 7,500 3,014 14,000
205,055
181,615
$
$
$
$
$ 326,381
$ 269,280
(a) Funds disbursed during the year include management fees of $6,377 (2022 – $4,813). Management fees may be recovered from limited partnerships in accordance with the limited partnership agreements. Total funds disbursed at the end of the year include management fees of $40,553 (2022 – $34,176).
(b) Commitments payable in USD. Remaining commitments based on the exchange rate at March 31, 2023.
(c) Avrio Ventures II was dissolved on December 31, 2021. Total fund committed was $5,980. There are no further commitments to this fund.
2022 2023
52