Fund II: VenGrowth/NGBE Acquisition
On September 2nd, 2011 Covington Fund II (“Fund II”) acquired the assets of the New Generation Biotech (Equity) Fund (“NGBE”) and the five retail VenGrowth Investment Funds.
The acquisition created one of the largest and most diversified retail venture capital funds in Canada.
The resulting acquisition saw former NGBE and VenGrowth investors become shareholders of Covington Fund II and receive Fund II shares in exchange for their existing fund shares.
With a portfolio of approximately 45 venture investments operating in Canada’s technology, traditional industries, and life sciences sector, the Fund is well positioned to capitalize on opportunities within each of these sectors on both a near and long-term horizon.
For additional Advisor specific information the acquisitions or any of Covington’s retail fund offerings, please access the Advisor-only portion of our website through your user name and password. Should you require a username and password, please contact your Covington representative at 1-866-244-4714 or e-mail us at firstname.lastname@example.org.
For access to the CI Client Services portal, please log-in to the following site CI Advisor Web using the username and password combination they provided to you. Should you not currently have access to the portal, please phone Covington Client Services (CI) at 1-888-746-4751.
Download the Redemption Schedule.pdf