Investments
Power Corporation also holds and actively manages a portfolio of investments. Power Corporation has a long-term perspective and a strategic vision anchored in clear investment principles:
- Invest in companies with a long-term perspective;
- Invest in high-quality, socially-responsible companies with sustainable franchises and attractive growth profiles;
- Conservative approach to risk;
- Strong oversight and active governance through board of directors of investee companies, where appropriate; and
- Detailed fundamental analysis.
The investments are held and managed either directly or through one of our five investment platforms:
Direct Investments
CITIC Pacific
The Corporation holds an approximately 4.3% interest in CITIC Pacific Limited, a public corporation whose shares are listed on the Hong Kong Stock Exchange. CITIC Pacific is a diversified company with a primary focus on special steel manufacturing, iron ore mining, and property development. Most of CITIC Pacific’s assets are invested in mainland China, Hong Kong and Australia.
Investment Platforms
Sagard Europe
Sagard SAS, a wholly owned subsidiary of the Corporation based in Paris, manages two private equity funds in Europe, Sagard 1 and Sagard 2.
Sagard United States
Sagard Capital Partners Management, a U.S.-based wholly owned subsidiary of the Corporation, invests in mid-cap publicly listed companies in the United States.
Sagard China
Power Corporation is also involved in selected investment projects in China and, in October 2004, was granted a licence to operate as a Qualified Foreign Institutional Investor (QFII) in the Chinese “A” shares market.
Victoria Square Ventures
Power Corporation has direct and indirect interests in companies operating in the biotechnology and clean energy fields.
Private Equity and Venture Capital Funds
Power Corporation has invested in a selected number of private equity and venture capital funds.