NWM offers clients unique access to leading-edge investment
Vancouver, B.C. – June 24, 2010 – Nicola Wealth Management (NWM), a Vancouver-based wealth planning firm managing over $1-billion in assets, is pleased to announce its participation in the initial close of Vanedge Capital I L.P. (the “Fund”). Vanedge’s Fund has raised over $100-million in committed capital from a strong line-up of limited partners that includes Nicola Wealth Management Ltd., additional institutional investors (including Teralys Capital, BC Renaissance Capital Fund, and BDC Venture Capital) and a select group of individual investors.
Vanedge Capital is a sector-specific fund that will focus on interactive digital media, particularly companies that can build long-term value by creating compelling interactive consumer digital experiences. Vanedge plans to invest throughout North America, with a primary focus within Canada.
“Nicola Wealth believes in offering clients extensive diversification that breaks the traditional mold by including alternative strategies such as Vanedge’s Fund,” says NWM president, David Sung. “By investing in Vanedge, our clients have the opportunity to participate in an exceptional investment otherwise not available to the retail investor.””
The Fund will be managed by a team with decades of world-class operating experience:
Paul Lee (Managing General Partner) is an active and successful investor in several digital companies such as ALI Technologies, Blast Radius, Bycast, and others. He was also a key long-time executive at videogame giant Electronic Arts (most recently President of EA Worldwide Studios).
Glenn Entis (General Partner) is an Academy Award winning computer graphics pioneer who co-founded computer animation studio Pacific Data Images (now the northern studio for DreamWorks Animation). He was also CEO of DreamWorks Interactive and SVP/Chief Visual and Technical Officer for EA Worldwide Studios.
Divesh Sisodraker, Vanedge’s CFO, held key management positions at ALI Technologies (CFO) and Pivotal (CFO, then CEO). As CFO at Taleo, he oversaw their successful IPO in 2005.
Jason Chein was General Manager for China with EA, where he built the company’s successful Shanghai studio from scratch.
Sung notes Vanedge’s positive long-term investment potential. “Vanedge’s leadership team and focus on the interactive arena offer the type of solid foundation our firm seeks in a good alternative investment. NWM believes in a broad asset allocation for our client portfolios, and we believe this fund is an excellent complement to our clients’ long-term strategies.”
About Nicola Wealth Management:
Nicola Wealth Management is a premier financial planning and wealth management firm serving the needs of High Net Worth individuals and their families. Managing over $1-billion in assets, with clients across Canada and its head office in Vancouver, Nicola Wealth Management offers executives, business owners and incorporated individuals a comprehensive approach that emphasizes efficient tax structuring and that is grounded in a holistic and integrated wealth planning process.
About Vanedge Capital:
Vanedge Capital is a new Vancouver BC based venture capital fund focused on investments in interactive entertainment and digital media businesses. The fund managers have extensive experience and relationships in this sector, and have built and led world class companies in video games, computer animation, and enterprise software, among others. For more information, visit www.vanedgecapital.com, or contact [email protected]
Nicola Wealth Management