The Canada Growth Fund—a $15-billion energy transition fund managed by the Public Sector Pension Investment Board—has committed up to $50 million to the climate-focused growth equity firm. Caisse de dépôt et placement du Québec and Investissement Québec will each contribute $35 million, while BDC Capital will invest $25 million. (The Logic)

Talking point: With its third fund, MKB plans to invest in fast-growing companies commercializing emissions-reduction technologies in sectors including clean energy, mobility, construction and industrials. The thesis fits with its investors’ commitments to fund the energy transition while repeating returns. The investment “not only positions our capital in a promising and profitable sector for our economy,” said Kim Thomassin, CDPQ’s executive vice-president and head of Québec, “but also confirms our ambition to encourage the sustainable growth of companies.”