Canada’s $238.1 billion La Caisse de dépôt et placement du Québec (CDPQ) and Generation Investment Management — led by former vice president Al Gore and David Blood, a former Goldman Sachs Group executive — will team up for a long-term investment strategy in sustainable equities.
The firms plan to deploy $3 billion in environmentally friendly businesses, in both public and private equities, with an eight- to 15-year duration.
Fintech firm FNZ, which provides technology assistance to banks, insurers and asset managers, is the partnership’s first deal. The business, which has offices in 10 countries across Asia and Europe, was backed by private-equity firms General Atlantic and H.I.G. Capital, which are both selling their stakes.
