Power Corporation’s value creation strategy is designed to achieve superior investment returns and stable cash flows. As part of Power Corporation’s diversification strategy, 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.
Launched in 2002, Sagard Europe comprises Sagard SAS, a French management company headquartered in Paris, a wholly owned subsidiary of Power Corporation, and Sagard II and 3 funds that are managed by Sagard SAS. These funds invest in mid-sized private companies based in France, Belgium, Luxembourg, and Switzerland. The Sagard Europe funds invest, through significant influence or controlling positions, in companies that have high growth potential and superior management talent. Pargesa, GBL, and third parties also invest in the Sagard Europe funds.
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, and invests in four asset classes: equity, private credit, royalties, and venture capital. It 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 China has a long-term fundamentals-based philosophy, and benefits from ongoing growth across multiple attractive sectors in China. Its philosophy emphasizes rigorous research in building a portfolio of selected stocks. The investment platform invests in the mainland China A-shares (“A” shares) market through a Qualified Foreign Institutional Investor (QFII) license as well as through Hong Kong Stock Connect. In addition, the Corporation invests in the Hong Kong Stock Exchange (“H” shares), and American Depositary Receipts (“ADRs”).
Power Energy is a wholly owned subsidiary that 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.
Applying Power Corporation’s principles of collaboration and building trusted relationships, Power Energy invests 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 holds 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.
Power Energy currently holds investments in the below-listed companies.
Potentia Renewables, a renewable energy generating company active in the solar and wind sector in North America and the Caribbean.
Nautilus Solar Energy, a leading U.S. solar developer and asset manager focused on distributed and utility-scaled generation solar projects.
Lumenpulse, a leading manufacturer of high-performance, specification-grade LED lighting solutions.
Lion Electric, an innovative company manufacturing zero-emission vehicles sold throughout North America.
Power Corporation’s multi-generational relationships have been foundational in creating investment opportunities in China, such as through its investment in China Asset Management Co., Ltd. (China AMC).
Founded in 1998 as one of the first fund management companies in China, China AMC has developed and maintained its position among the market leaders in China’s asset management industry. China AMC diversifies Power Corporation’s interests creating strategic opportunities with other asset managers within the Power group of companies.
The investment in China AMC provides the potential to leverage the group’s global experience in wealth management and distribution. The Power group of companies benefit from the strategic relationship with China AMC which provides opportunities to work together on developing products and subadvisory relationships.
Each of Power Corporation and IGM Financial hold equal interests of 13.9% in China AMC, for a combined 27.8% interest.