Pomerleau Capital launches PCap Fund
By Adam FreillConstruction Infrastructure
Infrastructure & Renewables Fund will supplement the existing work of Pomerleau Capital.
Pomerleau Capital has launched the 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 depot et placement du Quebec (CDPQ), aims to 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.”
Under the leadership of a management team with extensive 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 centres.
Environmental, social, and governance criteria form part of the fund’s investment policy, from project origination through investment portfolio management. The equity under management could be increased on par with future deal pipeline and strong investor demand. To date, Pomerleau Capital has raised over $2 billion to finance large and complex infrastructure projects across the country. It currently manages an asset portfolio of $750 million.