Investissement Québec invests C$75M in DNA Continuity Fund I, L.P.
February 01, 2022
75.00 Million CAD
On January 17, 2022, Investissement Québec (IQ), as anchor investor, announced it invested C$75 Million in the DNA Continuity Fund I, L.P. (the “DNA Fund”), a partnership launched in partnership with DNA Capital. IQ’s investment includes an initial commitment of C$50 Million and is funded on a dollar-for-dollar basis for every dollar committed by other private sector investors. The DNA Fund has an initial capitalization of C$100 Million and intends to provide recovery solutions, in the form of alternative financing and operational support, to promising Quebec companies offering quality jobs that are experiencing financial difficulties resulting from the COVID-19 pandemic or needing to realign their business plan.
McCarthy Tétrault advised Investissement Québec with a team led by Mathieu Laflamme that included Alexandre Saulnier-Marceau, Mireille Trottier (Private Equity), Marie-Soleil Landry, Kassandra Grenier (Tax).