Evolution of the 2017 CVCA Awards reflects growing private capital industry in Canada
It’s spring in Canada, and the warmth and sunshine is making its way across the country. While we celebrate the return of seasonable weather, it’s time again to celebrate the successes inside our industry.
The open call for nominations has officially gone out for the 2017 CVCA Awards. Back again in 2017 is the Deal of the Year award for both private equity and venture capital; recognizing superior investment returns generated by CVCA member firms. Also, back this year is the Ted Anderson Community Leader which honours an individual CVCA member for community involvement while supporting Canada’s economic productivity.
2017 marks the evolution of the CVCA awards, as the association introduces a brand-new award: The Private Capital Regional Impact Awards. The Private Capital Regional Impact Awards recognizes CVCA member firms that have made a significant mark within the industry and communities that they operate.
“We introduced the Regional Impact Awards to raise the bar in terms of celebrating success in our industry,” explained Mark Usher, Partner, Wellington Financial, and Chair of the CVCA Awards committee. “In the past, each year we celebrate one Deal of the Year winner for each of venture capital and private equity, but in fact, every year there are several fantastic and equally worthy nominations and the committee has historically had a very difficult time choosing just one winner for each.”
While the Awards have expanded to include Private Capital Regional Impact Awards, Usher explains that the association isn’t abandoning its roots.
“While still choosing one Deal of the Year Winner for each of VC and PE, the Regional Impact Award winners will be chosen from exits in the previous year in a region of the country that not only generated positive returns for investors, but also added to the fabric of the communities that they are a part of. It’s about demonstrating that while returns remain a very important priority for our industry, the business we invest in are about more than just returns. These member firms contribute to local job growth and add to the diversity of their communities.”
The Deal of the Year and Ted Anderson Community Leader Awards will continue to be presented at the annual conference; this year, Invest Canada ’17. Winners of the Private Capital Regional Impact Award(s) however, will be announced later with details to be determined.
To submit nominations for the 2017 CVCA Awards, including the brand-new Private Capital Regional Impact Awards, visit the Invest Canada ’17 website.