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CGF, CDPQ, Investissement Québec and BDC Capital slate $145 million for MKB Partners Fund III
Investors - AUGUST 23, 2024

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CGF, CDPQ, Investissement Québec and BDC Capital slate $145 million for MKB Partners Fund III

by Kali Persall

The Canada Growth Fund (CGF), CDPQ, Investissement Québec (IQ) and BDC Capital (BDC) are committing $145 million to MKB Partners Fund III.

MKB Partners Fund III is managed by MKB, a Québec growth equity firm that invests in companies leading the energy transition.

CGF will commit up to $50 million to MKB Partners Fund III, while CDPQ and IQ each will invest $35 million, and BDC will invest $25 million.

MKB is raising its third fund to help scale fast-growing companies, primarily in North America. Fund III will target growth-stage businesses that are commercializing proven, innovative emission-reduction technologies in MKB’s areas of focus, which include clean energy, mobility, built environment, and industrials.

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