Power Sustainable, a Montreal-based investment manager focused on climate initiatives, has successfully concluded the final funding round for its Energy Infrastructure partnership, Vintage II, securing CA$800 million and reaching a total commitment of CA$1.8 billion. The company, which is a subsidiary of Power Corporation (TSX:POW) of Canada, specializes in renewable energy infrastructure equity investments across North America.
The fund, co-led by Managing Partner Pierre-Olivier Perras and Partnership Leader John Pires, has attracted both repeat and new investors despite the current challenging market conditions. The successful closing of Vintage II brings Power Sustainable's total assets under management to over CAD$4 billion (USD1 = CAD1.3579).
The investment manager's strategy focuses on competitive returns through North American renewable energy equity infrastructure. Power Sustainable's efforts are part of a broader mission to accelerate sustainable solutions worldwide. The firm is a key player in Power Corporation's global financial services and alternative asset investment platforms, which include involvement with entities like Vantage Data Centers and initiatives in high-yield infrastructure credit strategies.
The firm's dedication to climate-focused investments aligns with the increasing global emphasis on sustainability and the transition to renewable energy sources. With this latest round of funding, Power Sustainable is poised to further its impact in the renewable energy sector.
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