Alberta Entreprise Corporation

Alberta Enterprise Corporation (AEC) is a long-term fund-of-funds investor in venture capital, with results that emerge over full fund lifecycles rather than short reporting periods. Performance is best understood since inception, reflecting the venture capital J‑curve, normal fund lifespan, and investments made across multiple vintages and market cycles. As such, AEC's key performance indicators are cumulative and tracked on a since-inception basis.

Total invested in AB companies

$1,637 Million
Direct and other leveraged investment into AB Companies in AEC portfolio

Leveraged Ratio

5.17 Times
Leverage ratio of direct and other funding invested into AB companies vs AEC invested into AB companies. $572 million for 2022-2025.

Jobs Created

3,644 Jobs
Cumulative jobs AEC portfolio companies have created since AEC inception

Growth of VC investments in AB

$401 Million
13.2% annually
Growth of all VC sources since AEC inception based on CVCA data (2009: $64M)

Growth in AB Deals per Year

248 %
8.1% compounded annually
Growth of AB VC deals from 2009 to 2025

Total AB companies funded

103 Companies
Total number of companies funded in AEC's VC portfolio. 38 for 2022-2025.

New AB VC professionals

36 Professionals
New AB VC Professionals employed at AEC Funds due to AEC funding

VC Funds invested

41 Funds
Total number of Venture Capital funds in AEC portfolio

Portfolio Return

1.23 x
Amount earned back to date by AEC on every dollar invested in our portfolio

Return on investment

7.7 %
Annual GOA's internal rate of return on capital invested in AEC

About the Data

AEC Data are cumulative (since inception in 2009, FY April 1 to March 31).