Congratulations to Réseau Capital on the publication of this important report. The findings underscore the critical importance of diversifying capital sources within Quebec's private capital ecosystem—a strategy that strengthens the industry’s resilience and supports sustained growth. The report highlights how these efforts contribute not only to the vibrancy of Quebec's ecosystem, but also to the broader Canadian economy, fostering innovation, creating jobs, and driving long-term economic prosperity. Read more 👇
𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗼𝘂𝗿 𝗹𝗮𝘁𝗲𝘀𝘁 𝗿𝗲𝗽𝗼𝗿𝘁 𝗼𝗻 𝘁𝗵𝗲 𝘃𝗲𝗻𝘁𝘂𝗿𝗲 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗶𝗻 𝗤𝘂𝗲𝗯𝗲𝗰! In 2003, following the bursting of the technology bubble and the poor results recorded by public and para-public funds, it was decided to redirect efforts to support the development of a private capital industry capable of: 1- adopting North American best practices (expertise and networks) and raising capital beyond public and para-public sources in Quebec and Canada 2- meeting the needs of the entire financing chain. 🔍 𝗧𝗵𝗲 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 𝘁𝘄𝗼 𝗰𝗼𝗻𝗰𝗹𝘂𝘀𝗶𝗼𝗻𝘀: ● 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗴𝗿𝗼𝘄𝘁𝗵: The first conclusion of this study is that considerable progress has been made since the early 2000s, in line with the objectives set out in the Brunet report: number and size of funds, number of managers and established managers, diversification of funding sources. ● 𝗗𝗶𝘃𝗲𝗿𝘀𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 𝘀𝗼𝘂𝗿𝗰𝗲𝘀: The second major conclusion of this study is that this ecosystem remains fragile insofar as the majority of managers remain highly dependent on public and para-public funding, and only a minority have become established managers capable of financing themselves mainly from private sources in Quebec, Canada and abroad. Bas du formulaire 👉 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗼𝘂𝗿 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝘀𝘂𝗺𝗺𝗮𝗿𝘆 𝗵𝗲𝗿𝗲: https://bit.ly/4eaQjIm We extend our gratitude to everyone who contributed to the completion of this study. Special thanks to the members of our Advisory Committee for their invaluable insights and guidance, and to the 17 interview participants whose generosity and experience greatly enriched our findings. We also express our sincere appreciation to the Ministry of Economy, Innovation, and Energy (Ministère de l’Économie, de l’Innovation et de l’Énergie du Québec (MEIE)) for their crucial support, as well as to our official partner, Espace CDPQ. Lastly, a special thank you to David Kornacki from Canadian Venture Capital & Private Equity Association (CVCA) and Nectarios Economakis for their invaluable assistance with the translation. 𝗪𝗲 𝗵𝗼𝗽𝗲 𝘆𝗼𝘂 𝗳𝗶𝗻𝗱 𝘁𝗵𝗶𝘀 𝗿𝗲𝗽𝗼𝗿𝘁 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝗳𝘂𝗹!