Power Corporation of Canada’s sustainability-focused alternative asset management subsidiary Power Sustainable announced the launch of Power Sustainable Decarbonization Private Equity, a new strategy aimed at investing in middle-market companies that help future-proof critical sectors of the North American economy.
The firm announced that it has already raised more than $330 million in commitments for the new strategy, with investors including Canada Life, Export Development Canada (EDC), Fonds de solidarité FTQ, and Power Corporation of Canada.
The strategy will invest in sectors including energy, industrials, transportation, and the built environment, targeting established companies in the U.S. and Canada with the scale and growth potential to deliver strong financial and sustainability outcomes, and working with management to scale and strengthen the businesses.
The new strategy is led by Managing Partners Karine Khatcherian and Martin Aares, who both joined the firm last year. According to Khatcherian, the new strategy is being launched amidst “a clear gap in middle-market strategies focused on climate,” adding:
“We believe this creates a compelling opportunity to invest in and scale the ecosystems and supply chains that support the energy transition across Canada and the U.S.”
Aares added:
“We will partner with management teams whose products and services help decarbonize the economy and strengthen its resilience. We look forward to pursuing these untapped opportunities alongside our capital partners.”
