Page 55 - Demo

Note 7
Portfolio Investments (Cont’d)
(in thousands)
The changes in the fair values of the Corporation’s investments in limited partnerships since April 1, 2022 are as follows:
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(a)
Amplitude Ventures I
Azure Capital Partners III(a)
Azure Opportunities Feeder Fund(a) Builders VC Fund(a)
Builders II Fund(a)
Chrysalix Energy III Fund(a)
EnerTech Capital Partners IV(a)
Evok Fund II(a)
Flying Fish Fund(a)
iNovia Fund 2018(a)
iNovia Fund III
iNovia Fund V(a)
iNovia Growth II
McRock Fund II
McRock iNfund
New Acres Capital Ag & Food
Panache Ventures Investment Fund
Panache Ventures Investment Fund II
PillarFour Capital Fund II(a) Relay Ventures Fund III(a) Relay Ventures Fund V(a) Sprout II
Yaletown Innovation Growth Yaletown Innovation Growth II Yaletown Ventures II
Total Portfolio Investments 2023
Total Portfolio Investments 2022
$
2,009 9,277 8,797 4,549
– 1,730 12,402 3,605 17,535 2,809 22,643 4,436 – 1,654 10,521 3,670 – 5,564 5,575 8,671 1,196 7,896 –
– 24,258 – – 9,525 1,114 17,728
187,164
143,070
$
(loss) (loss)
1,980 $ (2,129) (483) (58) (426) (363)
(33) (582) 874 (582) (283) (96) (1,653) (1,333) 276 (158) (2,070) (163) 1,192 (417) 5,244 (106) 142 (267) (27) (361) 3 (179) (1,715) (338)
42 215 (252) (195) (550) (262)
(94) 399 1,913 (198)
(346) 51 501 (151) 3 (391)
34 228 (972) 246
73 (571) – (95)
(4,367) 3,439 714 (362) (1,615) (28)
(1,895) $ (4,806)
$
1,877 8,736 8,508 6,032 3,574 2,090 9,416 3,885
15,637 5,156 27,983 4,239 1,599 2,486 9,716 3,477
(447) 8,319 6,567
10,811 868 8,246 1,612
1,727 24,079 2,016 236 5,938 3,110 15,912
Investments in partnerships, beginning of year
Funds disbursed to partnerships for investments
$ 17 – 500 2,128 3,282 739 – 162 335 1,572 206 174 1,987 1,008 1,843 – – 3,567 2,050 548 124 123 2,000
Distributions received limited partnerships
$– – –
(30) – – – – – – (4)
(246) –
– (595) (450)
–
– (1,363) (123) (157) (123)
–
– (54) –
– (3,659)
– (173)
(6,977)
Net Remeasure- investment ment gain income
Investment in partnership, end of year
Percentage share of partnership 2023
99.99% 99.99% 95.46% 64.79% 11.07%
2.45% 12.42% 19.70%
4.37%
4.00% 10.32% 12.66%
4.20% 10.68% 5.01% 9.04% 3.69% 3.33% 8.92% 14.22% 4.98% 8.61% 10.19%
9.96%
6.80% 12.88% 18.05%
7.82%
6.88% 15.58%
Percentage share of partnership 2022
99.99% 99.99% 95.46% 64.79%
– 2.45% 12.42% 19.70% 4.37% 4.00% 10.32% 12.66%
– 10.68% 5.01% 9.04%
– 3.33% 8.92% 14.22% 4.98% 8.61%
–
– 6.80%
–
– 7.82% 7.90% 15.58%
1,465 601 2,514 331 1,000 1,644 –
$
$
$
$
29,920 $
$
$ 203,405
30,866 $ (20,929)
$ 29,468 $ 4,689 $ 187,164
(a) Investments in US limited partnerships are denominated in USD but reported in CAD.
2022 2023
53