Fondaction Asset Management is an impact investment firm dedicated to generating significant and demonstrable positive impacts alongside risk-adjusted market-rate returns. To do so, we develop, launch and manage scalable institutional grade platforms aimed at catalysing our economy’s shift towards a more just, equitable and sustainable model.
Fondaction Asset Management is an independent subsidiary of Fondaction, a forerunner in sustainable finance for the past 25 years in Canada. We believe that finance has a critical role to play in helping our society undergo the radical transformation of our economy required to tackle our greatest systemic challenges.
According to the OECD catalysing 1.1% of the global assets under management by traditional investors would be sufficient to achieve the 17 United Nations sustainable development goals (UN SDGs). Fondaction Asset Management’s theory of change therefore is to help steer global capital flows towards filling this financing gap by structuring scalable institutional ready solutions which combine the generation of competitive financial returns with significant contributions to achieving the UN SDGs on behalf of current and future generations.
Our approach
Identify systemic social and environmental issues
Design and launch innovative impact investment vehicles
Attract and deploy significant amounts of impact capital
Generate measurable impacts and contribute to solutions
Four impact funds under management
Fondaction Asset Management already manages four specialized funds in fields such as energy efficiency, land conservation and circular economy. Fondaction acts as anchor investor in each fund of FGA’s portfolio
Sofiac
Created in 2020 in partnership with Econoler, SOFIAC is a fund that finances energy efficiency projects. It helps businesses in the commercial, industrial and multi-residential sectors increase their profitability and competitiveness by reducing their energy costs and greenhouse gas emissions. Its partners are Fondaction, Econoler, the Quebec Ministry of Energy and Natural Resources, the Canada Infrastructure Bank, Fiera Private Debt and Desjardins Global Asset Management.
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Inlandsis
Created in 2017, Inlandsis is the first Canadian fund, and one of the few at the global level, to finance carbon emission reductions. It helps reduce GHG emissions by financing projects in the compliance carbon markets. Its partners are Fondaction and Priori-T Capital.
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Fonds économie circulaire
Created in 2021, the Fonds économie circulaire is the first Canadian venture capital fund of its kind, that supports the emergence of small and medium enterprises that adopt business practices rooted in circular economy. Its partners are Fondaction, Ville de Montréal, Recyc-Québec, the Concordia University Foundation and the Greater Montréal Climate Fund.
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LCC Fund
Created in 2019, the LCC Fund is a fund that invests development capital in Quebec businesses that are dedicated to the fight against climate change.