Pomerleau Capital Completes Second Financing Round for PCap Real Assets Fund
Deal News | Nov 19, 2024 | CDPQ
Pomerleau Capital, the investment arm of Pomerleau Inc., has successfully completed the second round of financing for its PCap Real Assets Fund L.P., reaching a total fund value of over $200 million. This round saw increased funding commitment from the Caisse de dépôt et placement du Québec (CDPQ) and the addition of six other significant financial partners including Banque Nationale Investissement and Fondation Mirella et Lino Saputo. The fund's strategic objective is to reach a total of $500 million over the coming years. The capital will be directed towards long-term infrastructure, energy transition, and building projects, guided by Pomerleau's ESG criteria. Since its inception in 2018, Pomerleau Capital has structured financing for projects amounting to over five billion dollars and has invested heavily in various renewable energy and infrastructure projects. The CEO of Pomerleau, Philippe Adam, emphasized the importance of private enterprises in supporting sustainable infrastructure growth and expressed gratitude for the continued support from CDPQ and the new partners.
Sectors
- Private Equity
- Infrastructure
- Renewable Energy
Geography
- Canada – The financing and investment activities mentioned in the article primarily focus on projects within Canada, involving Canadian companies and investors.
- Quebec – The involvement of CDPQ and the Canadian investor base highlights the Quebecois focus within the Pomerleau Capital activities.
Industry
- Private Equity – Pomerleau Capital is a private equity firm managing the PCap Real Assets Fund, focusing on long-term investments in infrastructure and energy projects.
- Infrastructure – The PCap Fund is allocated towards infrastructure projects, fulfilling growing community needs for sustainable development.
- Renewable Energy – Investments from the PCap Fund include renewable energy projects, aligning with Pomerleau's strategic focus on sustainable projects.
Financials
- $200 million – The total value that the PCap Fund has reached following the second round of financing.
- $500 million – The strategic target fund size for the PCap Real Assets Fund.
- over $5 billion – Total structured financing for projects undertaken by Pomerleau Capital since its creation in 2018.
- over $500 million – Portfolio value in infrastructure and renewable energy projects since the establishment of the PCap Fund.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Pomerleau Capital | Private Equity Firm | Company | Investment arm of Pomerleau Inc., managing the PCap Real Assets Fund. |
| Caisse de dépôt et placement du Québec (CDPQ) | Investor | Company | Major institutional investor that increased its capital commitment in the second financing round of the PCap Fund. |
| Banque Nationale Investissement | Investor | Company | A financial institution that joined the second round of financing for the PCap Fund. |
| Fondation Mirella et Lino Saputo | Investor | Company | A foundation involved as a new financial partner in the PCap Fund’s second financing round. |
| Société Financière Bourgie inc | Investor | Company | Joined as a financial partner in the second round of the PCap Fund. |
| Lise and Giuseppe Racanelli family | Investor | Person | Family investors who participated in the second financing round for the PCap Fund. |
| Groupe Hewitt | Investor | Company | Participated as a financial partner in the second financing round for the PCap Fund. |
| Annie Lemieux of LSR GesDev | Investor | Person | Investor and new partner in the second financing round of the PCap Fund. |
| Borea Construction | Subsidiary | Company | Pomerleau subsidiary managing and building renewable energy projects. |