Power Sustainable Lios closed an initial C$210 million of aggregate capital commitments for Lios Fund I, its inaugural agri-food private equity fund that will invest in mid-market companies operating across the food value chain in North America, partnering with owners and operators to accelerate growth.
The fund targets total capital commitments of C$300 million.
Investors include Fonds de solidarité des travailleurs du Québec (F.T.Q.), The Canada Life Assurance Company, Farm Credit Canada (FCC), Export Development Canada (EDC), BMO Capital Partners and CIBC.
The support of Lios Fund I is align with the mission of the Fonds de solidarité des travailleurs du Québec (F.T.Q.), enabling economic growth and development in the agri-food sector. This fund will help agri-food companies innovating in the face of current challenges, building on Fonds de solidarité des travailleurs du Québec (F.T.Q.)‘s historical investments of nearly C$1.3 billion in the sector.
A Fasken team composed of Anabel Quessy and Victor Bac advised Fonds de solidarité des travailleurs du Québec (F.T.Q.) in connection with its investment in Lios Fund I LP.
Jurisdiction
- Québec
