CRCD, partner funds deploy $160 mln to 109 companies in 2016
Capital régional et coopératif Desjardins (CRCD), a retail private equity and venture capital fund, generated net income of $86 million in 2016 for an annual return of 5.3 percent. Partly as a result, net assets rose to nearly $1.8 billion at the end of December. The fund reported it and partner funds committed $160 million to 109 companies last year, bringing total investments to date to $2 billion. CRCD is managed by Desjardins Business Capital régional et coopératif, the investment arm of Mouvement des caisses Desjardins, a Canadian cooperative financial group.
16 February 2017•4 mins read
