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Power Sustainable closes Vintage II of its partnership with an additional C$600M to be invested in renewable energy

Date Closed

November 29, 2022

Lead Office

Québec City


600.00 Million CAD

On November 29, 2022, Power Sustainable announced the closing of Vintage II of its Power Sustainable Energy Infrastructure Partnership ("PSEIP"). The Partnership has raised C$600 million of additional capital commitments from founding partners Desjardins Group (led by Desjardins Global Asset Management), Empower Annuity Insurance Company of America, and Après-demain SA, as well as new commitments from Fonds de solidarité FTQ, the Coutu Family Office and Canada Post Corporation Registered Pension Plan. The capital is used towards developing, owning and operating renewable energy projects.

Power Sustainable is a Montréal, Quebec-based global multi-platform alternative asset manager focused on long-term investments in sustainable strategies.

Power Sustainable Energy Infrastructure Partnership is a North American infrastructure platform that invests in renewable energy assets and infrastructure.

McCarthy Tétrault advised Power Sustainable with a team led by Mathieu Laflamme that included Mathieu Leblanc, Alexandre Saulnier-Marceau, Mireille Trottier, Asma Boudoukha (Private Equity), Mary-Jeanne Phelan, Eve Tessier, Alex Reid, Achille Treuil (Financial Services), Christian Meighen, Fred Purkey, Michel Ranger, Julien Leblanc (Tax), and Émilie Thibault (Employment).