Power Sustainable Launches $330M Decarbonization Fund Targeting Middle-Market Climate Solutions
- $330M raised to launch a new decarbonization private equity strategy targeting middle-market companies in the U.S. and Canada.
- Focus sectors include energy, industrials, transportation, and the built environment—critical to the energy transition.
- Key backers include Canada Life, Export Development Canada, Fonds de solidarité FTQ, and Power Corporation of Canada.
Power Sustainable, the alternative asset management arm of Power Corporation of Canada, has raised over $330 million to fund a new private equity strategy focused on decarbonization.
The strategy—Power Sustainable Decarbonization Private Equity—targets middle-market companies in North America with the potential to drive both strong financial returns and measurable climate impact. Key sectors include energy, industrials, transportation, and the built environment, areas seen as vital to accelerating the energy transition.
“We believe this creates a compelling opportunity to invest in and scale the ecosystems and supply chains that support the energy transition across Canada and the U.S.,” said Karine Khatcherian, Managing Partner and co-lead of the strategy.
Investors include institutional heavyweights like Canada Life, Export Development Canada (EDC), Fonds de solidarité FTQ, and Power Corporation of Canada.
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Co-Managing Partner Martin Aares emphasized the strategy’s partnership-driven model:
“We will partner with management teams whose products and services help decarbonize the economy and strengthen its resilience. We look forward to pursuing these untapped opportunities alongside our capital partners.”
The fund aims to fill a market gap by scaling businesses that are not only growth-ready but also central to reducing emissions across critical industries.
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