Canada Growth Fund expands investments to nurture Canadian cleantech innovation
Canada Growth Fund (CGF) has committed C$50 million to Idealist Climate Impact Fund LP, managed by Idealist Capital, marking its third major investment. This venture underscores CGF’s continuing ambition to foster growth and innovation within the Canadian clean technology sector. Idealist Capital, a Montreal-based investment manager, focuses on providing growth equity investments to companies driving the energy transition. With a mission to accelerate decarbonization, Idealist integrates Environmental, Social, and Governance (ESG) criteria into its investment decisions, aiming to deliver superior risk-adjusted returns.
