CRCD outstrips $135 mln limit to 2017 retail fundraising
Capital régional et coopératif Desjardins (CRCD), a Québec retail private equity and venture capital fund, has accounted for $161.7 million in its 2017 fundraising year. The subscription level exceeded the $135 million ceiling set by the Québec government for tax-subsidized share sales. Montréal-based CRCD, which has more than 101,000 shareholders and manages net assets of more than $1.8 billion, reports committing $110 million to deals in the first half of 2017. Last year, Luc Ménard was appointed COO of the fund's manager, Desjardins Business Capital régional et coopératif.
3 October 2017•3 mins read
