CANADA - SAM Private Equity is opening an office in Montreal following its appointment by Caisse de Depot et Placement du Quebec (CDP) as manager of the energy venture capital portfolio.
CDP is a financial institution that manages funds for public and private pension and insurance plans.
SAM said the opening of the new office and recruitment of two CDP employees to the firm aimed to strengthen its North American presence.
Luc Charron (pictured), head of CDP Capital Technology Ventures, joins SAM as principal and will be responsible for setting up and running the Montreal office.
In addition, Dany Ouellet will transfer from CDP to join SAM as financial analyst.
“The fact that we won this mandate not only underlines our expertise in the Energy VC field, but it also helps us to establish SAM Private Equity as a truly global player,” said Gina Domanig, head of SAM.
The portfolio will be made up of three companies – California-based PolyFuel, Michigan-based STM Power Inc. and Illinois-based Hyradix.
SAM currently manages two Guernsey-based private equity funds worth e86m – SAM Sustainability Private Equity LP and SAM Private Equity Energy Fund LP. Both make venture investments in the energy, materials, water and nutrition technology areas.
SAM invests in Frankfurt-based fuel cell membrane developer Pemeas GmbH and Ammersbek-based Ormecon GmbH, a startup company active in the nanoscale conductive polymer business.
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