Mr. Speaker, with regard to part (a) and (b) of the question, through the venture capital action plan, or VCAP, the Government of Canada is investing in high-performing funds and in large-scale private sector-led funds of funds being established under VCAP. Of the high-performing funds, Lumira Capital announced in November 2013 that it has closed its fund, Lumira fund II, a life sciences-focused fund. In April 2014, Real Ventures announced the first closing of Real Ventures fund III, its latest web, mobile and Internet-focused fund. Both funds benefited from $10 million each in investments from the Government of Canada. In the last few years, both Lumira Capital, https://www.lumiracapital.com, and Real Ventures, http://realventures.com/en/, have made several investments in innovative companies throughout Canada, and details can be found on their websites.
In January 2014, the Government of Canada invested in the Northleaf venture catalyst fund, the first fund of funds being established in partnership with private sector investors and interested provinces. This fund of funds achieved its first closing with $217.5 million in commitments, including $145 million from private sector investors and $36.25 million from each of the Governments of Canada and Ontario. In August 2014, Northleaf Capital Partners announced the second closing of this fund of funds, bringing the total commitments to date to $233.5 million, including an additional $2.5 million from the Government of Canada. Since the initial closing, this fund of funds has invested $60 million in XPV water fund II and Georgian Partners growth fund II as well as $10 million in Versant Ventures V, helping these underlying venture capital funds to achieve their close and commence investments in innovative, high-growth companies. The Northleaf venture catalyst fund has also invested directly into innovative, high-growth companies, including Wattpad, Vision Critical, Silanis and eSentire.
With regard to part (c), VCAP program has not set aside funds for investments in cooperatives.
In response to part (d), to date, high-performing funds and the funds of funds that have received investments from the Government of Canada under the VCAP have not made any investments in co-operatives.