IQ, Desjardins and Fondaction investment in Idealist Climate Impact Fund LP
September 8, 2022
250.00 Million CAD
On September 8, 2022, Investissement Québec ("IQ"), Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi ("Fondaction") and Desjardins Holding Financier Inc.; Desjardins assurances générales inc.; Régime des rentes du mouvement Desjardins inc.; DSF Infrastructure I s.e.n.c. ("Desjardins") closed on an investment in Idealist Climate Impact Fund LP, a Montréal-based private equity capital fund with aggregate commitments of $250 million that will provide businesses with growth capital to accelerate the commercialization of proven solutions which generate positive climate impact.
IQ is a financing and business advisement company that helps various organizations establish themselves and thrive in Quebec.
Fondaction is a labour-sponsored fund that combines tax benefits of registered retirement savings plans with tax credits for investment funds dedicated to maintaining and creating jobs.
McCarthy Tétrault assisted IQ, Fondaction and Desjardins with a team led by Mathieu Laflamme that included Alexandre Saulnier-Marceau, Isabelle Pépin-Lapointe, Romarick Prats and Isabelle Chouinard (Business), Christian Meighen and Julien Leblanc (Tax).