The fund’s objective was to achieve superior returns by making and managing investments predominantly in repeatable project finance in carbon markets in Canada and the United States. The fund had the unique feature of generating its income from carbon credits generated by the projects it supports and the fund took an innovative approach, targeting various types of greenhouse gas reduction projects, including methane destruction at former mine sites and CO2 sequestration initiatives in forestry and agricultural projects. The fund deployed its capital in projects that are active in carbon markets in North America, whether regulated or voluntary.
A Fasken team led by Anabel Quessy, assisted by Eric Blondeau, Victor Bac and Léa Pascale Fauteux Filiatrault advised Fondaction Asset Management in connection with this matter.
Jurisdiction
- Québec
