Saskatchewan Government Growth Fund Management Corporation
(SGGFMC) participates in the federal government's Immigrant
Investor Program to acquire relatively low cost capital
for investment in Saskatchewan on commercial terms. A
portion of the capital raised is designated for investment
in small and medium-sized businesses to provide them with
the required capital to grow and prosper, creating jobs,
generating sales revenue and providing long term economic
benefits for Saskatchewan.
In 2000, SGGFMC contracted Crown Capital Partners Inc.
(CCP), a national investment management company, for the
placement and management of immigrant investor funds.
As such, CCP is responsible for the evaluation of potential
investments and management of the investment portfolio.
The Fund Companies are currently fully invested and are
not seeking new investment opportunities. The primary
criteria which govern the investments by each of the Fund
Companies are described below.
Type of Financing
- Venture Capital – term loans, subordinated loans,
equity
Region
Stage of Business
Eligible Business
- Companies seeking capital must satisfy several criteria
set out in the IIP and provincial regulations
- Total assets of the Company (including its associated
companies) not exceed $35 million.
- Investments can be in new businesses, existing businesses,
or in turn-around situations.
- Businesses must operate in one of the following sectors:
- manufacturing and processing
- export services
- destination tourism
- commercial water projects
- new technology or expansion of existing technology
- enhancement of existing resource recovery and
development projects; and
- other economic diversification projects of substantiated
economic benefit to Saskatchewan.
Financing Criteria
- Minimum Size: $500,000
- Maximum Size: $5,000,000
Crown Capital Partners Inc.
