CRCD authorized to raise $135 mln from retail investors
Capital régional et coopératif Desjardins (CRCD), a private equity and venture capital fund managed by Desjardins Capital de risque, has been authorized by the Québec government to undertake up to $135 million in tax-supported retail fundraising in 2016-2017. An announcement was also made concerning changes in fund governance. Among other changes, CRCD's board will in future reflect majority representation by independent directors; selection of the chair will be made by the independent directors; and term limits will be introduced. Montréal-based CRCD manages about $1.6 billion in net assets.
21 March 2016•4 mins read
