The Toronto-based Canadian Business Growth Fund (CBGF), which started in June 2018 with a $545 million war chest, has invested in eight businesses so far. Half of them are in Western Canada, including three in British Columbia.

George Rossolatos, CEO of CBGF, said the fund was started to help fix Canada’s “growth capital gap” by providing high-growth, mid-market Canadian companies with the patient, long-term minority capital they need to expand.