Emerging and High Growth Companies

Luge Capital in its closing of $71 million of its target $100 million fund

Luge Capital Inc.
Key Contact
Chima Ubani

Partner, Emerging and High Growth Companies, Montréal

Team
Elisabeth Novak

Associate, Emerging and High Growth Companies, Montréal

Stefane Manolakis

Associate, Emerging and High Growth Companies, Montréal

Alain Fournier

Partner, Tax, Montréal

 

On September 26, 2023, Luge Capital Inc. announced that it closed $71 million of its target $100 million fund. The Limited Partners in the new fund, Luge Capital Fund II, consisted of existing investors including Caisse de dépôt et placement du Québec (CDPQ), Desjardins, BDC Capital, Sun Life, Industrial Alliance Financial Group (iA), and Fonds de solidarité FTQ and a new investor, iNovia also participated through its Discovery Fund.

Lugo Capital Inc. is a venture capital fund focused on fintech.

Osler, Hoskin & Harcourt LLP advised Luge Capital Inc. with a team consisting of Chima Ubani, Elisabeth Novak, Stefane Manolakis, (Emerging and High Growth) and Alain Fournier (Tax).

Value
$71 million
Date Closed
September 26, 2023
Lead Office
Toronto
Key Contact
Chima Ubani

Partner, Emerging and High Growth Companies, Montréal

Team
Elisabeth Novak

Associate, Emerging and High Growth Companies, Montréal

Stefane Manolakis

Associate, Emerging and High Growth Companies, Montréal

Alain Fournier

Partner, Tax, Montréal