XPNDCroissance Fund grows to $52 mln with Caisse commitment

XPNDCroissance Fund, the second fund of Canadian growth equity firm XPND Capital, has increased its size to $52 million following an investment by the Caisse de dépôt et placement du Québec. The Caisse committed $15 million to the fund, which adds to a $10 million commitment made last month by Investissement Québec. XPNDCroissance Fund plans to invest in Québec companies active in sustainable transportation, innovative industries, and technology, media and entertainment. It is expected to reach $70 million in committed capital by the end of 2015.

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