World Indigenous Business Forum heads to Vancouver – The Globe and Mail

by ahnationtalk on October 9, 201913 Views

As a relative newcomer on the financial scene, Raven Indigenous Capital Partners is still making its name as what managing partner Paul Lacerte describes as an financial intermediary between private capital and Indigenous businesses.

The Vancouver-based company has several investments in its portfolio, including Cheekbone Beauty Cosmetics, an Ontario company run by Jenn Harper. In September, she appeared on the Dragon’s Den television show, but turned down an offer that would have involved giving up a significant equity stake in her business.

Instead, she struck a deal for a $350,000 loan, in the form of a convertible debt note, from Raven. Mr. Lacerte hopes the loan will help Ms. Harper build her business and turn into a potentially lucrative minority stake in the company.

For Mr. Lacerte, the Cheekbone capital deal is part of a bigger picture.

Read More: https://www.theglobeandmail.com/canada/british-columbia/article-world-indigenous-business-forum-heads-to-vancouver/

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