Fondaction invests in Land Degration Neutrality Fund SLP

Date Closed

December 14, 2018

Lead Office

Québec City

On December 14, 2018, Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi (“Fondaction”) completed its investment as anchor investor in Land Degradation Neutrality Fund SLP, an international sustainable investment fund based in Luxembourg aimed at land degradation neutrality and created by the French manager Mirova. The Land Degradation Neutrality Fund SLP is an affiliate of Natixis, a French corporate and investment bank.

McCarthy Tétrault LLP advised the investors with a team lead by Mathieu Laflamme that included Alexandre Saulnier-Marceau (Business) and Angelo Discepola (Tax).