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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Power Corp of Canada | TSX:POW | Toronto | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.28 | -0.69% | 40.12 | 40.05 | 40.25 | 40.59 | 39.79 | 40.51 | 1,950,887 | 21:14:58 |
From Nov 2023 to May 2024
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
View original content:https://www.prnewswire.com/news-releases/power-sustainable-announces-final-vintage-ii-closing-of-800m-for-power-sustainable-energy-infrastructure-partnership-302000086.html
SOURCE Power Sustainable
Copyright 2023 PR Newswire
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