SaskWorks Venture Fund Inc.
Overview
SaskWorks Venture Fund Inc. is a Saskatchewan-based retail mutual fund that invests in privately held small and medium-sized businesses owned or primarily operated in Saskatchewan. As a labour-sponsored venture capital corporation (LSVCC), investments in SaskWorks are eligible for a tax credit equal to 35% in addition to their RRSP tax deferral. Since its inception, the Fund has provided a unique opportunity for Saskatchewan residents to keep their investment dollars at home, helping to grow local companies and create jobs in the province. The Fund's investment strategy focuses on sectors such as manufacturing, value-added agriculture, and energy. It offers two share classes: Diversified (Class A) and Resources (Class R), allowing investors to choose their preferred investment focus. SaskWorks has a long-term investment philosophy, aiming to invest in diverse, complementary businesses that perform well across unpredictable economic and market cycles. This approach has resulted in competitive portfolios that offer exposure to Saskatchewan's top economic drivers. Since its inception, SaskWorks has raised over $735 million, invested $689 million, made 301 investments across 154 diverse companies, exited 103 companies, and generated total proceeds of $729 million, representing a gain to the fund of $351 million. These achievements underscore the Fund's commitment to fostering economic growth and job creation within Saskatchewan.
Investment Focus
- Investments are eligible for a 35% tax credit in addition to RRSP tax deferral
- Investments are limited to Saskatchewan residents
- Shares must be held for at least eight years to qualify for tax credits
Portfolio Companies
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Frequently asked questions about SaskWorks Venture Fund Inc.
What sectors does SaskWorks Venture Fund Inc. invest in?
SaskWorks Venture Fund Inc. invests in Financial Services, Technology, Healthcare, Energy, Consumer Goods and Real Estate, and is based in Regina, Saskatchewan, Canada. SaskWorks Venture Fund Inc. is listed as a venture capital in the ConnectSafely investor database.
What stage does SaskWorks Venture Fund Inc. invest at?
SaskWorks Venture Fund Inc. backs companies at Seed, Early Stage and Growth, writing cheques of 500 - 5K.
Which regions does SaskWorks Venture Fund Inc. invest in?
SaskWorks Venture Fund Inc. invests across Canada.
Who are the partners at SaskWorks Venture Fund Inc.?
Team members listed for SaskWorks Venture Fund Inc. include Jan McLellan Folk (CFO, shareholder and director on the Board of Alliance Energy) and Jeff Linner (Chief Investment Officer).
What companies has SaskWorks Venture Fund Inc. invested in?
SaskWorks Venture Fund Inc.'s portfolio includes New West Holdings Inc., Crushrite Concrete (2008) Ltd., Commercial Industrial Manufacturing Ltd. and BikTrix Enterprises Inc..
How do I contact SaskWorks Venture Fund Inc.?
SaskWorks Venture Fund Inc.'s contact details — including phone and LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of its partners.
Last updated · Source: ConnectSafely investor database
