B.E.S.T. Funds Launches two new Private Funds

Toronto, Canada – May 5th,  2011 – BEST Investment Counsel Limited, one of Canada’s leading Venture Capital firms, announced the launch of their B.E.S.T. Actively Managed Income Fund 9 LP and their B.E.S.T. Active 10 Fund LP, exciting high yield offerings for Accredited Investors in search of access to Canada’s most promising private companies in the software, cloud computing and financial services fields.

 The primary investment objective of both funds is to achieve superior returns for its investors through investing in private Canadian companies by means of debt financing of growth companies with recurring revenue models.  The Fund also enhances the liquidity of the debt financing by requiring portfolio companies to secure available government grants such as Scientific Research and Experimental Development tax credits, Ontario Interactive Digital Medial Tax Credits, E-commerce credits and others.

 Backed by BEST Funds’ strong 15 year venture investment track record and proven management team, the two new funds adhere to the firm’s sound investment strategy which stresses a focus on mitigating risk and enhancing returns by investing in companies with proven management teams as well as companies with recurring and growing revenue streams.

 Commenting on the launch of the new funds, BEST Fund’s CEO John Richardson remarked “The successful launches of both B.E.S.T. Actively Managed Income Fund 9 LP and the B.E.S.T. Active 10 Fund LP aim to provide accredited investors with the opportunity to participate in some of our debt instruments and responds to the strong investor interest in what we believe is our unique offering of high yield investments with minimal risk exposure. We are also pleased to confirm that our B.E.S.T. Active 9 Fund is now fully invested, and given the positive reaction to both funds, we look forward to continuing to offer similar products to suitable investors.” 

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