Power Sustainable Lands $330 Million for Private Equity Fund

Power Corp. of Canada’s climate-focused alternative asset manager secured $330 million for a new private equity strategy based on decarbonization, betting that long-term trends will outweigh any current pushback against green technology.

“The highlight for us is that we secured these commitments in a tough market with some very serious institutional investors at a time where people are saying that this can’t get done,” Bruce Heyman, chief executive officer of Power Sustainable, said in an interview.