The Globe and Mail reports in its Tuesday edition that Canada's venture capital and private equity association will take advantage of the world's largest investors visiting Toronto in September for Prime Minister Mark Carney's Canada Investment Summit by hosting its own forum earlier the same day.
The Globe's Olivia Grandy writes that Mr. Carney's first-of-its-kind federal summit is booked for Sept. 14 and 15 with the aim of drumming up foreign investment in Canada, including for major nation-building projects. The event is expected to draw asset managers from firms such as Blackstone, which manages nearly $1.3-trillion (U.S.), and sovereign wealth funds such as Singapore's $936-billion (U.S.) GIC.
Meanwhile, the Canadian Venture Capital and Private Equity Association (CVCA) is planning an all-day event on Sept. 14 to introduce international players to the success stories of the Canadian technology and tech-enabled companies the country's private sector has invested in.
According to CVCA chief executive officer Benjamin Bergen, Canada has a moment to showcase a cohort of growth companies on the world stage.
The association is hoping to attract Saudi Arabia's Aramco, and the government-owned British Business Bank.
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