CDPQ commits $127 mln to Inovia early-stage, growth funds
Caisse de dépôt et placement du Québec (CDPQ) said it will invest about $127 million (US$100 million) in the fourth early-stage fund and new growth-stage vehicle of Inovia Capital. CDPQ will commit US$75 million to the growth fund and US$20 million to the early-stage fund. Charles Émond, CDPQ executive vice-president, Québec and global strategic planning, said the vehicles represent "another source of attractive future co-investment opportunities" for the Canadian pension system. As reported by PE Hub Canada, Inovia, a Montréal-based technology venture capital firm, secured a total of about $800 million (US$600 million) for the two funds.
19 February 2019•2 mins read
