MONTREAL, Nov. 29,
2023 /PRNewswire/ -- Power Sustainable, an
alternative asset manager, today announced a CAD $200 million commitment for the Power Sustainable
Energy Infrastructure partnership (the "Fund"), for a final close
of CAD $800 million for Vintage II.
This brings the total capital commitment to the Fund to
$1.8 billion.
"We are very pleased to announce this final close of
$800 million, particularly given
current market and fundraising conditions," said Pierre-Olivier Perras, Managing Partner of the
Fund. "We are grateful for the continued support of our existing
capital partners, and for the confidence shown in our team by new
investors."
The Power Sustainable Energy Infrastructure Partnership is led
by Pierre-Olivier Perras and
John Pires. As Power Sustainable's
pure-play renewable energy fund, its investment
focus is on equity infrastructure in North America.
About Power Sustainable
Power Sustainable is a climate-focused investment manager which
finances companies and projects aiming for both competitive returns
and positive sustainability outcomes. The firm offers institutional
investors exposure to alternative assets which aim to accelerate
and scale sustainable solutions across multiple industries.
Power Sustainable is a wholly owned subsidiary of Power
Corporation of Canada (TSX: POW),
an international management and holding company that focuses on
financial services in North
America, Europe and
Asia. Power Corporation's core
holdings are leading insurance, retirement, wealth management and
investment businesses, including a portfolio of alternative asset
investment platforms.
With just over CAD$4 billion in
assets under management, Power Sustainable's mission is to catalyze
capital towards clean global solutions.
Contact
Ian Cameron
Director of Communications, Power Sustainable
438-308-7697
cameron@powersustainable.com
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SOURCE Power Sustainable