Fondaction

Fondaction is a private equity firm established in 1996 and based in Montreal, Canada, with a commitment to socially responsible finance. It specializes in direct investments and fund of fund investments, focusing on small and medium-sized enterprises across various sectors, including clean energy, agri-food, agriculture, and technology. Fondaction invests in companies primarily located in Quebec, providing equity or loans ranging between CAD 0.5 million and CAD 10 million for direct investments, and up to CAD 75 million for fund investments. The firm typically takes minority stakes in its portfolio companies and aims for exits within five to eight years. With assets exceeding one billion dollars and over 131,000 shareholders, Fondaction plays a significant role in supporting the development of more than 1,050 SMEs, contributing to job creation and the advancement of a more equitable and sustainable economy. The firm has a strong commitment to sustainable development, having been one of the first in Quebec to produce accountability reports and adhere to high standards of transparency in economic, social, and environmental practices.