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Table 5
Venutre Capital Industry Resources and Liquidity
( $ Millions)
|
2003 |
2002 |
|
|
|
|
|
|
|
|
| Capital Under Management |
$22,425 |
$22,469 |
|
|
|
|
|
|
|
| New Funds Raised |
$1,997 |
$3,248 |
|
|
|
|
|
|
|
| Capital Available for Investment** |
$6,193 |
$8,293 |
|
|
|
|
|
|
|
|
| * As of December 31 for all but labour-sponsored venture capital funds which are measured as of March 1 of the following year. |
| ** For all labour sponsored venture capital funds registered federally or in Quebec, 40% of total capital under management has been excluded to determine capital available for investment, given regulatory requirements, redemption needs, etc. For all other labour sponsored funds, 30% of capital under management has been excluded to reflect the regulatory regime in Ontario, Saskatchewan and Atlantic Canada. 20% and 25% respectively for LSVCCs in BC and Manitoba. |
Prepared for the CVCA by Macdonald & Associates Ltd.
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