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NEWS

Power Sustainable
Jun 15, 2022


POWER SUSTAINABLE ANNOUNCES INITIAL $210 MILLION CLOSING FOR AGRI-FOOD FOCUSED
LIOS FUND I




Power Sustainable Lios welcomes a select group of institutional investors to its
inaugural fund dedicated to supporting the transformation of our food system

Montreal, Quebec – June 15, 2022 – Power Sustainable, a global multi-platform
alternative asset manager investing in sustainable strategies, today announced
that it has closed an initial $210 million of aggregate capital commitments for
Lios Fund I, its inaugural agri-food private equity fund. Initial investors
include The Canada Life Assurance Company, Farm Credit Canada (FCC), Export
Development Canada (EDC), Fonds de solidarité FTQ, BMO Capital Partners and
CIBC. The fund targets total capital commitments of $300 million and is expected
to close in the third quarter of 2022.

Power Sustainable Lios invests in mid-market companies operating across the food
value chain in North America, partnering with owners and operators to accelerate
growth. Through majority or meaningful minority ownership participation, the
fund aims to support companies who are well positioned to prioritize and improve
sustainability across our food system, addressing changing consumer behaviours,
constrained natural resources, and building greater resilience.

“We are thrilled to welcome an initial group of limited partners who also see
sustainability as a powerful driver of value creation,” said Olivier Desmarais,
Chairman and CEO of Power Sustainable. “We will support the next generation of
North American companies leading the transformation of the food system while
addressing consumers’ growing demand for more sustainable options, creating
value for our clients, our portfolio companies and society.”

“As specialized agri-food investors, we believe our operating insights across
the industry and deep sector experience position us as a partner of choice for
agri-food companies, said Jonathan Belair, Managing Partner of Power Sustainable
Lios. “Our primary objective is to support companies with our extensive sector
knowledge and connectivity across North America to deliver strategic value well
beyond capital, in support of accelerating sustainable growth and transformative
change. We are delighted to welcome like-minded institutional partners into Lios
Fund I.”

“FCC serves as a catalyst for Canada’s agriculture and food industry,” said
Rebbecca Clarke, Vice-President and Treasurer at FCC. “This investment
demonstrates our long-term commitment to promoting sustainability throughout the
food value chain, which is vital to the success of our customers, the industry
and our planet.”

“We are pleased to support Power Sustainable Lios on the creation of its private
equity platform empowered to invest in medium-sized businesses innovating in the
sustainable agri-food sector,”  said Carl Burlock, Executive Vice President and
Chief Business Officer, EDC. “From a trade perspective, agricultural exports are
a significant contributor to our economy, and EDC is focused on enabling growth
and investment into Canadian agri-food exporters in collaboration with partners
like Power Sustainable Lios. Through these collaborations we can collectively
meet the rising global demand for food while developing more sustainable ways to
export food products around the world.”

“Our support of Lios Fund I is in direct alignment with the mission of the Fonds
de solidarité FTQ, enabling economic growth and development in the agri-food
sector. This fund will help agri-food companies innovating in the face of
current challenges, building on our historical investments of nearly $1.3
billion in the sector,” added Dany Pelletier, Senior Vice-President, Private
Equity and Impact Investments of the Fonds de solidarité FTQ.

Power Sustainable Lios is the latest investment platform of Power Sustainable,
along with its energy infrastructure equity and sustainable China public equity
platforms. For more information on Power Sustainable Lios,
visit www.powersustainablelios.com.

 

About Power Sustainable
Power Sustainable is a global sustainable investment manager with offices in
Canada, China, and the United States. We invest in companies and projects with
the potential to deliver returns while contributing to decarbonization, social
progress and quality growth.  With approximately CAD $4.2B of assets under
management, Power Sustainable deploys patient and purposeful capital in
infrastructure, private equity, and public equities. For more information,
visit www.powersustainable.com.

 

For investors only
David Gagnon, Partner
Power Sustainable
ir@powersustainable.com

For media representatives only
Catherine Thibault, Head of Communications
Power Sustainable
+1-438-300-1504
pr@powersustainable.com






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