Alberta Enterprise

About Alberta Enterprise

Alberta Enterprise's investment portfolio is valued at CAD 197.64 million, as of March 31, 2024, with investments in private equity, and cash. Investments in private equity include venture capital strategies, diversified in geographical locations across North America. Alberta Enterprise invests in venture capital funds with Alberta-based fund managers who make investments in Alberta and abroad. The firm is not open to any first-time fund investments. The institutional venture capital funds the firm invests in target a range of technology sectors, and focus on various stages of investment from seed funding to expansion financing. As a limited partner, the firm invests in funds where the majority of the capital comes from other private and public investors. The amount the firm invests in a specific fund depends on the overall fund size, the sector, the investment stage, and the fund's level of commitment to Alberta. The firm's peers in the private equity industry are pension funds, endowments, private family funds, sovereign wealth funds, and strategic corporate funds. In terms of structure, the funds the firm invests in are generally closed, private equity limited partnerships that invest in a portfolio of high-growth technology start-up companies. It is the VC fund managers that choose the companies in which to invest. Alberta Enterprise invests in standard venture capital industry terms and conditions and requires funds to have an Alberta office and local investment professionals. In addition, the firm targets fund managers with partners and networks extending well beyond Alberta. The firm's investments are governed by the board of directors, with Mr. Edward Redmond serving as Chairman of the Board.