The Caisse de dépôt et placement du Québec is investing $60 million in the first round of a private equity fund created by BDG & Partners Financial Corp.
The fund, which has so far raised $240 million, aims to acquire controlling interests of Canadian mid-sized companies operating in manufacturing, food, distribution and specialized services, according to a press release.
“For us, this is an opportunity to support both the Quebec asset management industry and the companies in which it invests,” said Kim Thomassin, executive vice-president and head of Quebec at the Caisse, in the release.
Read: Caisse investing in Quebec-based energy company, CPPIB buying stake in data centre operator
In other news, the Caisse is also launching an $830 million U.S. sustainable commercial real estate financing program alongside Nuveen Green Capital. The investment vehicle combines commercial property assessed clean energy financing and senior bridge and construction financing, according to a press release.
In the release, Marc Cormier, executive vice-president and head of fixed income at the Caisse, said the financing solution fully aligns with the investment organization’s climate strategy.
“Developing greener buildings and reducing the carbon footprint of our built environment can create significant value. Through this distinctive financing program, we are able to accelerate the implementation of environmentally-sound measures for commercial real estate owners and developers.”
Read: AIMCo considers buying Trans Mountain pipeline stake, Caisse integrates real estate subsidiaries