Tandem Expansion Fund announces first closing of $300 Million

Montreal’s Tandem Expansion announced today the initial closing for $300 Million of its first fund: Tandem Expansion Fund I, L.P.  Tandem Expansion is a private investment firm focused on growth capital for high-potential Canadian technology companies.

The Fund received investments from a number of leading public, private and institutional investors, including $80 Million from the Business Development Bank of Canada (BDC), and $75 Million each from Export Development Canada (EDC) and Teralys Capital, a private technology-focused fund of funds.

The Fund’s general partner, Tandem Expansion, was co-founded by two of Canada’s most experienced venture capital/private equity investors, Charles Sirois and Brent Belzberg. Tandem’s managing partners – David Bookbinder, Andre Gauthier, Christopher Legg and Alex Moorhead – who will run the day to day operations of the Fund all have significant investment and entrepreneurial experience domestically and internationally.

The principals of Tandem Expansion have also made a significant investment alongside the Caisse de dépôt et placement du Québec and the B.C. Renaissance Capital Fund.