First Fund-of-Funds Investment Supports Firm's Strong Track Record of Venture InvestingVANCOUVER, Nov. 1, 2016 /CNW/ - Kensington Capital Partners, the Manager of the BC Tech Fund, today announced a new investment by the Fund into Vancouver's Vanedge Capital II. The commitment to Vanedge II is the first investment by the BC Tech Fund into a BC-based venture capital fund. Vanedge II is continuing the successful investment strategy pursued by Vanedge in its first fund, focusing on emerging technology companies in Cloud Computing and Infrastructure, SaaS, Cybersecurity and Digital Media. "This is the second investment from our $100 million BC Tech Fund and part of Government's plan to grow BC's tech sector," said Amrik Virk, Minister, Technology, Innovation and Citizens' Services. " Kensington's investment in Vanedge Capital II is the first investment in a tech fund and will in turn, provide investment in multiple B.C.-based tech companies, catalyzing economic growth, investment and jobs for the province." The BC Tech Fund is allocating capital to support innovative, highly scalable companies for the development of a world-class venture capital ecosystem in British Columbia. The BC Tech Fund invests in venture capital funds and emerging technology companies throughout the Province, across ICT, digital media, clean tech, and life sciences/healthcare. "We are very pleased to become an investor in Vanedge II and continue to strengthen our relationship with the Vanedge team", said Gerri Sinclair, Kensington Managing Director. "Vanedge is a pillar of the BC venture capital ecosystem with a market leading track record of investment performance, working with promising BC technology companies to help them scale their businesses."