Saskatchewan Government Growth Fund Management Corporation (SGGFMC) was established in 1989 to participate in the federal government's Immigrant Investor Program (IIP). Its purpose is to create and manage investment funds accepted as government administered venture capital funds under this program. SGGFMC has created eight Saskatchewan Government Growth Fund companies (the Fund Companies) which have raised more than $275 million of immigrant investor capital since 1989, making it one of the largest pools of managed immigrant investor funds in Canada.

The federal government’s IIP under which the Fund Companies operate ended on March 31, 1999. The eight Fund Companies created under the program are at different stages of maturity.  Certain funds still have money available for investment in eligible businesses, as defined by the IIP. The monies must remain invested for at least five years as one of the criteria for the investor to satisfy the requirements under the IIP to obtain a Canadian resident visa.

Since October 2000, management of the Fund Companies has been contracted to Crown Capital Partners Inc., a national investment management company. However, SGGFMC continues to focus its attention on completing its mandate to manage the eight funds for the benefit of the Saskatchewan economy while providing a return of capital and nominal investment income to the immigrant investors.