Heenan Blaikie Advising Venture Capital Fund Investors

    TORONTO, June 12 /CNW/ - The new $205 million Ontario Venture Capital
Fund is partnering the provincial government with leading institutional
investors to foster innovation and investment in Ontario. Heenan Blaikie
played a key role in the creation of the fund by advising the institutional
limited partners: OMERS Capital Partners, RBC Capital Partners, Manulife
Financial and Business Development Bank of Canada. TD Capital Private Equity
Investors will manage the fund.
    "This is the largest fund of its kind in Canada, so we expect it to
create real momentum in Ontario's venture capital community," says Wendy Del
Mul, a partner with Heenan Blaikie. "It's a terrific marriage of the
Province's goal to foster innovation through Ontario's venture capital
community and the financial community's ability to identify promising business
    The fund is structured as a limited partnership between the Government of
Ontario and the institutional investors. The partners anticipate holding a
second closing later in the year based on the fund's ability to attract
additional investors.

    Heenan Blaikie is one of Canada's top national law firms. It delivers
strategic legal advice and innovative business solutions under six broad
sectors: business law, labour and employment, litigation, intellectual
property, tax, and entertainment. The firm has more than 450 lawyers with nine
offices in Ontario, British Columbia, Alberta and Quebec.

For further information:

For further information: Karyn McLean, Director, Marketing and
Communications, Heenan Blaikie, T (416) 643-6863, F (416) 360-8425,

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Heenan Blaikie

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