PV Completes the First Close of Plaza Ventures Special Opportunity Fund I
The PV team is excited to announce the first close of Plaza Ventures Special Opportunity Fund I (‘PVSOF I’), the first direct secondary securities Fund to market in Canada. Thank you to everyone who participated.
With a robust pipeline of Canadian growth stories, all of whom offer attractive values and growth rates, our team is now focused on completing transactions throughout the month of August.
We look forward to revealing our investment targets shortly, and to the second close of the Fund in Fall 2018.
About Plaza Ventures Special Opportunity Fund I (‘PVSOF I’)
Plaza Ventures Special Opportunity Fund I was launched in June 2018 by Plaza Ventures and a banking syndicate led by GMP Securities.
PVSOF I is designed to provide private investors with exclusive access to high-potential Canadian tech companies through a transparent, low-fee and short horizon vehicle. The Fund’s investment thesis is to leverage our deep personal relationships in the Canadian tech ecosystem; providing early employees and investors in iconic pre-IPO companies immediate liquidity, while acquiring shares at a discount to fair market value, planned financings and IPOs.
PVSOF I is uncovering the same high-alpha potential in pre-IPO secondary securities in Canada that has been exploited in Silicon Valley for over a decade, offering a defensively superior risk-return profile with no direct competition. All transactions are informed by these exceptional late-stage companies key performance data and strategic developments, approved by the companies, and supported with management’s due diligence information.
Having identified an opportunity to introduce this product category to Canada, PV is leading the way for private investors to participate in the dominant economic growth engine in Canada for the foreseeable future.