The Saskatchewan Entrepreneurial Fund (SEF) was established in 2006 as a special initiative by the province's private equity investors, credit unions, and the Entrepreneurial Foundation of Saskatchewan (EFS), a non-profit group created to help Saskatchewan entrepreneurs grow their businesses by providing access to capital. Through a competitive selection process, PFM Capital Inc. was appointed as the Fund's management team.

SEF was initially capitalized by the credit union system and Crown Investments Corporation with a mandate to raise and deploy venture capital to small and mid-sized businesses requiring less than $1 million. SEF closed to new subscriptions in 2009.