Story perspectives

BDC Criticized for Competing with Private Investors in Women’s Funding

2/12/2026

Summary

Story summary

A DEEP Centre report criticizes the Business Development Bank of Canada (BDC) for failing to respond to private-sector feedback.
Investors say BDC's direct investment strategy competes with private capital, especially in women-focused funding.
The report notes fundraising for emerging managers fell to $249 million in 2023.
BDC plans to continue expanding direct investments, while respondents urge revival of the emerging managers program and more indirect investments.

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Story summary

A DEEP Centre report criticizes the Business Development Bank of Canada (BDC) for failing to respond to private-sector feedback.
Investors say BDC's direct investment strategy competes with private capital, especially in women-focused funding.
The report notes fundraising for emerging managers fell to $249 million in 2023.
BDC plans to continue expanding direct investments, while respondents urge revival of the emerging managers program and more indirect investments.