Pomerleau Capital announced the launch of PCap Infrastructure & Renewables Fund, to supplement its existing work in the financing of infrastructure and renewable energy projects. The fund, which has received the backing from Caisse de dépôt et placement du Québec (CDPQ), will create long-term value for its investors by leveraging Pomerleau’s construction experience and its position in Canada in renewable energy projects through its subsidiary Borea Construction.
“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 Executive Vice President & CFO of Pomerleau. “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.
“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,” he added.
Under the leadership of a management team with infrastructure experience, the fund will deploy 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. The target infrastructure sectors covered by the fund include wind and solar power, as well as power storage, hospitals and senior housing, roads, bridges and tunnels, manufacturing installations, office towers and data centers.
To date, Pomerleau Capital has raised over $2 billion to finance large and complex infrastructure projects across the country and currently manages an asset portfolio of $750million.
Featured image: (Pomerleau)