Power Sustainable closes initial $210M capital commitments for agri-food focused Lios Fund I

Power Sustainable, a global multi-platform alternative asset manager investing in sustainable strategies, closes an initial $210 million of aggregate capital commitments for Lios Fund I, its inaugural agri-food private equity fund.

Initial investors include the Canada Life Assurance Company, Farm Credit Canada (FCC), Export Development Canada (EDC), Fonds de solidarité FTQ, BMO Capital Partners and CIBC. The fund targets total capital commitments of $300 million and is expected to close in the third quarter of 2022. 

Power Sustainable Lios invests in mid-market companies operating across the food value chain in North America, partnering with owners and operators to accelerate growth. The fund aims to support companies who are well positioned to prioritize and improve sustainability across the food system. 

“We are thrilled to welcome an initial group of limited partners who also see sustainability as a powerful driver of value creation,” said Olivier Desmarais, chair and CEO of Power Sustainable. “We will support the next generation of North American companies leading the transformation of the food system while addressing consumers’ growing demand for more sustainable options, creating value for our clients, our portfolio companies and society.”