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.