Innocap and Finance Montreal announce the creation of investment funds aimed at promoting the emergence and growth of investment strategies incorporating environmental, social, and governance (ESG) criteria and sustainable finance (the "Investi Funds").
The Investi Funds, which has gathered $300 million in expressions of interest for its launch from 10 potential investors, aims to raise commitments of $1 billion within 24 months.
Innocap, a global leader in managed account platforms, acts as the investment fund manager for the Investi Funds and will provide a rigorous institutional framework for due diligence, risk management, and ongoing monitoring.
The objectives of this initiative are to identify and grow the most innovative sustainable investment strategies and propel Quebec-based asset management firms specializing in ESG and sustainable finance. The Investi Funds also aim to attract renowned foreign asset managers to Quebec who are eager to establish dedicated teams for sustainable investment strategies, while highlighting more cutting-edge ESG practices within the asset management ecosystem.
The institutional investors that have expressed interest in the Investi Funds - National Bank Investments, Bâtirente, Beneva, CDPQ, Desjardins, Fondaction, the Fonds de solidarité FTQ, the Trottier Family Foundation, Optimum Financial Group, and the Samara Family Office - may be interested in accessing established asset managers demonstrating the application of rigorous ESG integration methods and impact strategies in one or more of the following asset categories: equities, fixed income securities, hedge funds, and private investments. The Investi Funds will be managed by several established asset managers specializing in ESG and sustainable finance.
A Fasken team composed of Élise Renaud and Laurence Brien-Roch advised Innocap as part of the creation of the Investi Funds.
