Caisse, BDC launch US$285m SME fund

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CANADA - The Caisse de dépôt et placement du Québec and government financial institution BDC have set up a second C$330m (US$285m) fund for Canadian SMEs called AlterInvest.

BDC will manage the fund, with both institutions providing the capital. The C$122bn La Caisse said investments in SMEs from all sectors would take the form of subordinate and equity financing, w...

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