The Caisse de dépôt et placement du Québec (CDPQ) and the New York-based Creo Family Office Syndicate, a non-profit that invests in cleantech and renewable energy, will seek investment opportunities in cleantech and sustainability. Financial details weren’t disclosed. (PE Hub Canada)
Talking point: CDPQ is one of the country’s biggest institutional investors, with $309.5 billion in assets under management, so its entry is a huge boost to the Canadian cleantech industry. The federal government has also made the sector a priority. In January 2019, it started taking applications for the Venture Capital Catalyst Initiative’s $50-million cleantech stream. The Business Development Bank of Canada, a Crown corporation, launched a $135-million industrial, cleantech and energy fund in 2016.