Two seasoned venture capitalists have decided to create a fresh venture capital fund. They have requested $70 million as a lead order from National Bank Financial Inc. and are looking to raise $110 million in capital to form the fund. However, there were several open problems: a primary issue was the strategy for deployment of the fund, along with kind of investment, typical size of investment, amount of concurrent investments, geographic and business focus, timing and fund management issues including staffing and governance structure.
The associates must develop the investment strategy in order to prepare the equity fund offer memorandum to present to potential investors.
Publication Date: 04/16/2004
This is just an excerpt. This case is about Finance