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Alternative Market Briefing

Luge Capital achieves first close on second fund

Wednesday, September 27, 2023

Bailey McCann, Opalesque New York:

Canada based investment firm Luge Capital has reached the first close on its second fund. The firm has raised CA$71 million for the fund, which has a CA$100 million target.

LPs in Fund II include returning investors CDPQ, Desjardins, BDC Capital, Sun Life, Industrial Alliance Financial Group (iA), Fonds de solidarite FTQ, and new investor Inovia Discovery Fund I.

Luge Capital Fund II will invest in early-stage fintech startups in Canada and the U.S. In addition to the core investment th......................

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