Power Corporation’s value creation strategy is designed to achieve superior investment returns and stable cash flows. Significant investments have been made in non-financial sector investment platforms. Historically, many of these investments were held in funds managed by third parties. Since the early 2000s, Power Corporation has been investing and developing its own investment platforms as described below.
Since the launch of the first Sagard fund in 2002, Power Corporation has continued to build investment platforms that manage portfolios on behalf of the Corporation and third-party investors in several alternative asset classes in three principal geographies: North America, Europe and China.
The investment platforms Sagard Holdings (Sagard Europe) and Power Sustainable Capital (Power Pacific and Power Energy), are managed locally by experienced investment professionals who have an in-depth knowledge of the local public and/or private markets and benefit from collaboration within the Power group of companies. Power Corporation’s investment platforms leverage its extensive global network and business relationships, seek to achieve long-term capital appreciation through fundamental investment analysis, and seek opportunities to acquire controlling interests in its most promising investments, where appropriate. Each of the investment platforms adheres to Power Corporation’s investment philosophy and governance model.
The investment platforms manage and operate investment funds in which third-party investors, the Corporation and associated companies can participate.
Sagard Holdings, a wholly owned subsidiary of Power Corporation, was founded in 2005 as a complement to the Corporation’s global investment holdings. Today, Sagard Holdings is a multi-strategy alternative asset manager with professionals located in Montréal, Toronto, New York, Paris, and Singapore. Sagard Holdings looks to generate attractive returns by matching investment opportunities with flexible capital solutions and pairing entrepreneurs with teams that have deep industry knowledge. Sagard Holdings develops long-term partnerships and empowers the growth of its investments through a unique global network of portfolio companies, limited partners, advisors and other valued relationships. Sagard Holdings manages assets across in four asset classes: equity, private credit, royalties, and venture capital.
Launched in 2002, Sagard Europe comprises Sagard SAS, a French management company headquartered in Paris, and a wholly owned subsidiary of Sagard Holdings, and Sagard II, Sagard 3 and Sagard 4 funds that are managed by Sagard SAS. Sagard Europe funds invest with significant influence or controlling positions in mid-size European private companies that have high growth potential and superior management talent. Pargesa, Groupe Bruxelles Lambert and third parties also invest in the Sagard Europe funds. On January 1, 2020, the management and operations of the Sagard Europe funds, Sagard SAS, was transferred under Sagard Holdings.
Power Pacific, formerly Sagard China, is a long-term, fundamentals-based investor in publicly listed Chinese companies which has delivered disciplined long-term returns since its inception. Its philosophy emphasizes rigorous research in building a portfolio of selected stocks.
Power Pacific invests in the mainland China A-shares market through a Qualified Foreign Institutional Investor (QFII) licence as well as through Hong Kong Stock Connect. Power Pacific benefits from ongoing growth across multiple attractive sectors in China.
Power Energy actively manages investments in the sustainable and renewable energy sector with the goal of building and owning, over the long term, companies that can generate growing and stable cash flows.
Power Energy applies Power Corporation’s principles of collaboration and building trusted relationships in industries that benefit from the global energy transformation. It is rapidly expanding its footprint in businesses with stable long-term cash flows.
Power Energy currently has investments in companies that develop, own, and operate solar and wind electricity generating assets in North America as well as companies in the sustainable sector.