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Montreal-basedPower Corporation of Canada announced the initial closing of $210 million in capital commitments for its agri-food private equity fund, Lios Fund I. This fund aims to invest in mid-market companies across North America's food value chain, focusing on sustainable practices to address issues like inflation and food security. The initial investors include The Canada Life Assurance Company, Farm Credit Canada, Export Development Canada, Fonds de solidarité FTQ, BMO Capital Partners, and CIBC.
Parties
Company
Power Corp
Company
Canada Life Assurance Company
Deal Type
Financing/InvestmentIndustry
AgricultureTransaction
$ 210,000,000Deal Status
ClosedClosing Date
15 June 2022