CDPQ creates Equity 25³

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Caisse de dépôt et placement du Québec (CDPQ) announced the creation of Equity 253, an investment fund aimed at increasing diversity and inclusion in growing SMEs in Québec and Canada. With a total of $250 million in funding, Equity 253 is the largest Canadian fund ever created to target companies leveraging diversity as a vector of development and expansion. false false false To be selected, SMEs will need to commit to diversifying their workforce so that at least 25% of their Boards of Directors, management teams and shareholding is comprised of people of diverse backgrounds (e.g. women, visible minorities, Indigenous peoples) in the five years following confirmation of financing. To facilitate achieving these objectives, CDPQ commits to providing the companies with operational guidance to implement and execute a customized diversity and inclusion plan. Equity 253 offers investments from $5 million to $30 million and targets profitable SMEs and promising technology companies based in Québec or elsewhere in Canada. In addition to their commitments to diversity, mid-market companies will need to show strong growth combined with a history of profitability. Tech companies will need to demonstrate strong growth in sales, solid recurring revenue and a competitive technological offering. false false false Companies may submit a financing request by filling out the form on www.cdpq.com/equity25-3, where they can also find more information on the fund, including eligibility criteria and details on the members of its strategic committee. false false false ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2020, it held CAD 333.0 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.