CDPQ, Desjardins and FSTQ invest in Luge Capital

On April 4, 2018, Luge Capital closed a C$75 million financing from a group of investors led by Caisse de dépôt et placement du Québec ("CDPQ") and Desjardins Group. The investors also included the Fonds de Solidarité FTQ ("FSTQ"), Sun Life Financial and La Capitale.

The financing will help Luge support the development of early-stage Fintech companies and artificial intelligence applications for financial services.

McCarthy Tétrault LLP advised CDPQ, Desjardins and FSTQ, as anchor investors, with a team led by Mathieu Laflamme that included Martin Thiboutot (Corporate) and Angelo Discepola (Tax).