MONTREAL — Pomerleau Capital has announced the launch of PCap Infrastructure & Renewables Fund to support financing of infrastructure and renewable energy projects.
The fund, which has received the backing of Caisse de depot et placement du Quebec, will allot over $85 million in long-term equity investments in infrastructure and renewable energy projects across Canada and the U.S. that have the ability to generate stable and predictable revenues, stated a recent release. The fund will target wind and solar power, power storage, hospitals, seniors housing, roads, bridges and tunnels, manufacturing installations, office towers and data centres among other projects.
“This is an exciting time for Pomerleau Capital as we seek to seize the great opportunities ahead of us to shape the future in a sustainable way,” said Philippe Adam, president of Pomerleau Capital and CFO of Pomerleau, in a statement.
“Communities need hospitals, public transportation, renewable energy production facilities and infrastructures of the highest quality while investors want to be involved with real asset projects that will not only provide them with excellent and steady returns but will also have a positive societal impact.”
To date, Pomerleau Capital has raised over $2 billion to finance large infrastructure projects across the country and currently manages an asset portfolio of $750 million.
“Our leading construction operations will allow us to invest early in these complex projects as we are effectively managing the construction part of the process, while providing us with a natural deal flow pipeline,” said Adam.
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