CRCD exceeds subscription limit, raising $144 mln from investors
Capital régional et coopératif Desjardins (CRCD), a retail fund managed by Canadian private equity firm Desjardins Business Capital régional et coopératif, has secured $144.4 million in its 2016 fundraising year. The subscription level exceeded the $135 million ceiling set by the Québec government for tax-subsidized share sales. Montréal-based CRCD, now in its 15th year of operation, has nearly 100,000 shareholders and manages net assets of more than $1.6 billion. In the first half of 2016, the fund reports committing $62 million to deals across Québec.
30 September 2016•3 mins read
