The QEMP receives an additional investment of $110M to accelerate the development of emerging managers

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The Quebec Emerging Managers Program (“QEMP”) is pleased to announce a strategic investment totalling $110 million to promote the growth of Québec’s emerging managers and support its asset management ecosystem. The Government of Québec is investing $50 million through Investissement Québec. In addition, three initial investors supporting the QEMP since 2016 are making an additional contribution: the Caisse de dépôt et placement du Québec (CDPQ) and the Fonds de solidarité FTQ are each reinvesting $25 million and Fondaction is investing an incremental amount of $10 million. A fund of funds structure, the QEMP grants emerging managers structured investment mandates and offers a mentorship framework. Unique in the world, this project enables institutional investors to access alpha-diversifying investment strategies while investing locally. The QEMP provides a disciplined governance structure leveraging the expertise of the industry’s great builders, established and qualified players through its Advisory Board and its Board of Directors. Within this context, Innocap, one of the top 10 managed account platforms worldwide with over CAD $10 billion in assets under management, ensures a rigorous institutional framework in terms of due diligence, risk management and continuous monitoring of the program for QEMP investors. With this investment, the PGEQ Fund L.P. will reach close to $400 million in assets under management, enabling the program to advance to the next phase of its growth while improving its efficiency. The QEMP will now be positioned to accelerate its impact by granting new mandates, adding new managers, launching new strategies and generating greater visibility for its players on a local and international scale. As a growth engine for financial entrepreneurship, it aims to accelerate the development of Québec asset management firms and promote the creation of quality employment in this sector. In order to invest in the growth of leading managers of the future, the QEMP encourages other allocators, cities and municipalities, pension funds, foundations and universities to join the program. false false false About the QEMP The QEMP’s mandate is to promote the growth of financial entrepreneurship in Québec by offering institutional investors a well-balanced investment strategy managed by Québec emerging managers. This project was developed in connection with the work of Finance Montréal’s Entrepreneurship Work Group, in collaboration with established portfolio management firms. For more information about the QEMP, visit www.qemp.ca or consult our LinkedIn page. About Innocap Since 1996, the Innocap Group has offered managed account solutions to a global institutional client base seeking high standards of governance. In addition to its structuring and due diligence expertise during manager selection, the group provides daily supervision of fund operations, customized risk management services and independent governance. Innocap’s model provides investors with in- depth data transparency, including a breakdown of their assets, investment strategy compliance and centralized monitoring of service providers. Innocap sets itself apart in the industry through its expertise, flexibility and state-of-the-art technology. For more information about Innocap, visit www.innocap.com or consult our LinkedIn page. About the Fonds de solidarité FTQ The Fonds de solidarité FTQ is investing in a better society thanks to its over 700,000 shareholder-savers. Through its private equity and venture capital investments, the Fonds seeks to have a positive impact on society, namely in the health, environmental and innovation sectors. With net assets of $15.6 billion as at November 30, 2020, the Fonds supported over 3,300 partner companies and more than 220,000 jobs. To find out more, visit fondsftq.com. About CDPQ At Caisse de dépôt et placement du Québec (CDPQ), we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public retirement and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at June 30, 2020, CDPQ’s net assets exceeded CAD 333 billion. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages. About Fondaction A precursor for the past 25 years, Fondaction is the investment fund for those who are actively fostering the positive transformation of Québec’s economy, making it more productive, equitable, inclusive and green. As a labour-sponsored fund, Fondaction represents tens of thousands of investors and hundreds of businesses committed to stimulating Québec’s progress. It manages net assets of more than 2.61 billion dollars invested in hundreds of businesses and on the financial markets, favouring investments that generate positive economic, social and environmental spinoffs in addition to a financial return. Fondaction helps create and maintain jobs and reduce inequalities while contributing to the fight against climate change. For more information, visit fondaction.com or our LinkedIn page.