SaskWorks Venture Fund

SaskWorks Venture Fund Inc. is a Regina, Saskatchewan-based retail labour-sponsored investment fund (LSIF) that invests in privately-held small and medium-sized businesses owned or primarily operated in Saskatchewan, Canada. The fund is managed by PFM Capital Inc., Saskatchewan's largest private equity investment management firm, which has been active since 1993 and manages over $750 million in assets under management across multiple vehicles. SaskWorks itself manages more than $571 million in assets and is backed by over 24,000 Saskatchewan retail shareholders. Saskatchewan investors receive a 17.5% provincial tax credit and a 15% federal tax credit on qualifying investments up to $5,000 per year, plus RRSP tax deferral. The fund is structured around two retail share classes: a Diversified Share Class covering broad provincial exposure across industrials and manufacturing, technology, consumer discretionary, oil and gas, and value-added agriculture; and a Resources Share Class targeting Saskatchewan energy and mining including oil and gas, mining, and alternative energy. SaskWorks leads rounds and holds positions in over 50 investee companies. Portfolio companies include 7shifts (Saskatoon-based restaurant workforce SaaS), Ground Truth Ag (Regina grain-grading and supply-chain quality assessment), Steel Reef Infrastructure Corp (100-plus megawatt carbon-efficient power agreements with SaskPower), DYMARK Industries, and Commercial Industrial Manufacturing Ltd. PFM Capital's investment mandate is anchored in the provincial economy — every dollar deployed circulates within Saskatchewan's communities, industries, and supply chains. The fund combines patient growth capital with the tax-incentive structure that has made labour-sponsored funds a durable part of Canadian small business financing for more than three decades.