February 17, 2022 – 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 dépôt et placement du Québec (CDPQ)—aims to create long-term value for its investors by “leveraging Pomerleau’s construction experience and its no. 1 position in Canada in renewable energy projects, through its subsidiary Borea Construction”.

“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,” said Philippe Adam, president of Pomerleau Capital, and executive vice-president & CFO of Pomerleau.

“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,” added Adam.

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, says Pomerleau Capital.

The target infrastructure sectors include wind and solar power, as well as energy storage, hospitals and seniors housing, roads, bridges and tunnels, manufacturing installations, office towers and data centres.

To date, Pomerleau Capital has raised over $2 billion to finance infrastructure projects across the country, and currently manages an asset portfolio of $750 million.

Pomerleau Capital is the private infrastructure investment and financing subsidiary of Pomerleau, specializing in deal sourcing, project financing, capital raising, equity investments, and asset management.

Pomerleau, meantime, is among Canada’s leading construction companies, specializing in buildings, infrastructure and civil engineering, as well as virtual design and construction.