Warren Stoddart, Connor, Clark & Lunn Financial Group’s President and CEO recently joined Rosemont CEO Chas Burkhart as a guest on the Global Investment Leaders podcast. Warren shares his thoughts on: CC&L Financial Group’s evolution over the past four decades, growing the business to a $100 billion global firm, and what is coming up next for the firm.
In the episode, Warren reflects on the changes to the business over the years that have led to CC&L Financial Group becoming one of the largest employee-owned asset management firms in Canada. He notes that when he first started in the business, there were a number of employee-owned firms of substantial size. One by one, all either failed or were acquired. Chas and Warren discuss the many challenges to maintaining growth in an employee-led firm, in particular, succession planning, both in CC&L Financial Group and within its affiliates.
“We know the business is larger, more complex and requires more specialized knowledge in particular areas,” said Warren. “There are going to be a larger number of leaders in the next generation of the business than there were in this one. And they are going to be focused on different areas— marketing and product development was something that were almost an afterthought 20 years ago, and it’s a big part of what we do today.”
Part of the complexity comes from the growth in private markets, alternatives, global assets and global clients: 15 years ago, almost all of CC&L Financial Group’s revenues and assets came from Canadian pension funds investing in Canadian equities. Around that time, the firm made its first foray into private markets with a 150MW hydro project in BC.
Today, CC&L Financial Group’s revenues are almost evenly split between public markets, private markets, high net worth, investment products, and the returns on the investments the partners make as principals on its own balance sheets. In addition, global equities assets have surpassed CC&L Financial Group’s Canadian equities assets, demonstrating the growth and reach of the business, as well as the value of the multi-boutique affiliate structure.
“One of the secrets to our success is being very focused on establishing cultural and structural alignment of interests with our partners and within all parts of our organization,” says Warren.
Listen to the full episode of the Global Investment Leaders podcast featuring Warren Stoddart by clicking the play button below.
Connor, Clark & Lunn Infrastructure (“CC&L Infrastructure”) and Régime de rentes du Mouvement Desjardins, represented by Desjardins Global Asset Management (collectively, “Desjardins”) are pleased to announce the acquisition of a majority interest in the Rt. Hon. Herb Gray Parkway (“the Project” or “the Parkway”), from ACS Infrastructure Canada (“ACS”), Fluor Canada Ltd. (“Fluor”), and Acciona Concesiones S.L (“Acciona”). Each of ACS, Fluor, and Acciona will retain a minority equity interest, and an O&M company formed by ACS and Fluor will provide operations and maintenance service to the Project going forward.
The Rt. Hon. Herb Gray Parkway project is a public-private partnership (P3) between Windsor-Essex Mobility Group and the Province of Ontario. The Project encompasses an approximately 11km corridor through the Windsor, Ontario area, including a six-lane highway with several adjacent service roads, interchanges, structures, pumping stations, and recreational areas. Distinct from many other P3 highway projects, the Parkway includes approximately 300 acres of green space, as well as active maintenance, monitoring, and reporting on various environmental features and amenities, including vegetation, ~20km of paved trails for pedestrians and cyclists, and a multi-use lit pathway.
“Our investment in the Rt. Hon. Herb Gray Parkway aligns with our strategy of acquiring interests in high-quality, long-lived, resilient infrastructure assets with strong, creditworthy counterparties and operating partners,” said Matt O’Brien, President of CC&L Infrastructure. “We thank our co-investment partner, Desjardins and our new operating and equity partners, ACS, Fluor, and Acciona. We look forward to working with these partners and the Province of Ontario toward the successful, long-term operation and maintenance of this important asset.”
“Desjardins is pleased to acquire an interest in the Rt. Hon. Herb Gray Parkway project through the Régime de rentes du Mouvement Desjardins. The plan participants expect consistency and stability within the infrastructure portfolio, and we look forward to continuing to meet those expectations with investments in high quality, long-duration assets such as the Parkway. We are also pleased to continue expanding our long-term relationship with CC&L Infrastructure, and to be partnered with experienced investors and operators at ACS, Fluor, and Acciona.” added Frédéric Angers, Vice President and Head of Infrastructure Investments at Desjardins Global Asset Management.
Procured in 2010 by Infrastructure Ontario, the Rt. Hon. Herb Gray Parkway began operation in 2015 and has since been an essential part of a high-traffic trade artery between Canada and the United States. The Project has a 30 year availability-based concession agreement in place with Infrastructure Ontario, with approximately 23 years remaining.
About Connor, Clark & Lunn Infrastructure
CC&L Infrastructure invests in middle-market infrastructure assets with attractive risk-return characteristics, long lives and the potential to generate stable cash flows. To date, CC&L Infrastructure has accumulated over $5 billion in assets under management diversified across a variety of geographies, sectors, and asset types, with over 90 underlying facilities across over 25 individual investments. CC&L Infrastructure is a part of Connor, Clark & Lunn Financial Group Ltd., a multi-boutique asset management firm whose affiliates collectively manage approximately CAD$96 billion in assets. For more information, please visit www.cclinfrastructure.com.
About Desjardins Global Asset Management Inc. (DGAM)
Established in 1998, Desjardins Global Asset Management (DGAM) is one of Canada’s largest asset managers with in-house expertise in equity, fixed income and real assets (infrastructure, real estate) across a variety of investment vehicles. DGAM manages over CAN$86.5 billion (as at March 31, 2022) in institutional assets on behalf of insurance companies, pension funds, endowment funds, non-profit organizations and corporations across Canada. For more information, please visit https://www.desjardins.com/ca/about-us/desjardins/governance-democracy/structure/desjardins-asset-management/index.jsp.
Last year was a banner year for Banyan Capital Partners. I’m pleased to share the following update highlighting the announcements, milestones, and achievements that contributed to our growth and success.
$216 million of capital raised for its first tranche of committed capital.
Funding provided by the high net worth investors of Connor Clark & Lunn Private Capital Ltd., Connor Clark & Lunn Financial Group Ltd., and the principals of Banyan.
Founded in 1986, Innovative distributes liquid surface solutions to large treated salt partners, commercial customers, water treatment clients and government agencies across North America.
Banyan’s investment in Innovative and partnership with its CEO will help facilitate its next phase of growth.
Continued Growth across the Portfolio, Including Two Add-on Acquisitions
Rack Attack, a North American premier retailer of vehicle rack solutions with 24 stores across North America, acquired Rack Outfitters in May 2021, an Austin, Texas-based specialty rack retailer. Rack Attack also successfully opened three new greenfield store locations in Sherman Oaks, California, Phoenix, Arizona, Dallas, Texas as well as the first Thule-brand store in Denver, Colorado. Rack Attack’s growth continues in the first quarter of 2022, with greenfield stores opening in Orange County, California, Atlanta, Georgia and Fort Collins, Colorado. Additionally, the first Canadian Thule monobrand store opened in West Vancouver in January 2022.
Newcrete, a leading producer and supplier of ready-mix and precast concrete and masonry products for the Newfoundland and Labrador construction industry, acquired Hunt’s Concrete, a supplier of concrete, masonry and landscape products in Grand Falls-Windsor and surrounding areas, in July 2021.
New Hires and Promotions
Banyan is pleased to announce the addition of three new professionals this past year, with Eric Laurin and Chris Luongo joining as Senior Analysts and Igor Verechaka joining in January 2022 as Senior Associate. Furthermore, we would like to congratulate David Beaumont on his promotion to Vice President.
Eric Laurin most recently worked in the Deal Advisory Group at KPMG where he was responsible for advising strategic investors, pension funds and private equity firms on acquisitions and divestitures of companies in the middle market. Eric is a Chartered Professional Accountant (CPA, CA) and has a Bachelor of Commerce (Honours) from the Sauder School of Business at University of British Columbia.
Chris Luongo joined Banyan from the Investment Banking Group at BMO, where he was responsible for advising on mergers & acquisitions and debt and equity financing transactions in the real estate coverage group. Chris has a Bachelor of Business Administration (Honours) from Wilfrid Laurier University.
Igor Verechaka joins Banyan from KPMG Corporate Finance Inc. where he provided capital and strategic advisory services and led transaction execution for financings, divestitures and structured solutions, and real estate mandates. Igor has a Bachelor of Arts, Honours Business Administration (with distinction) from Ivey Business School at Western University and is a CFA charterholder.
David Beaumont was promoted to Vice President and will be on working on secondment at Innovative Surface Solutions as Vice President, Strategic Operations for the duration of 2022. David joined Banyan in 2017 and has played an integral role in the growth and evolution of the firm. In addition to his role in the acquisition of Innovative Surface Solutions, David has worked closely with the management teams of MIP Inc., Newcrete, and Rack Attack on a range of initiatives including strategy, operations, and add-on acquisitions.
2022 Forecast
It is shaping up to be another great year, and the Banyan team has hit the ground running. I encourage you to visit our new website, which launched earlier this month. With a more modern design and refreshed content, it better reflects our brand and positions us for continued growth. Additionally, the new website is more intuitive and easier to navigate, thus providing a better user experience for investors and stakeholders.
Banyan Capital Partners (“Banyan”), a leading Canadian middle market private equity firm, is pleased to announce its investment in Innovative Surface Solutions LP (“Innovative” or the “Company”), a leading distributor of liquid surface solutions in North America. Innovative marks the inaugural investment through Banyan Committed Capital LP, an evergreen investment vehicle that has recently closed its first $216 million tranche of commitments.
Founded in 1986, Innovative Surface Solutions distributes liquid surface solutions to large treated salt partners, commercial customers, water treatment clients and government agencies across North America. Headquartered in Ajax, Ontario with its U.S. headquarters in Glenmont, New York, Innovative operates seven terminals with the capacity to store over 200 thousand metric tons of liquid product and process over 300 thousand metric tons annually, comprising the largest liquid distribution network in Eastern Canada and the Northeast U.S.
Banyan is partnering with the Company’s CEO and existing majority owner, Greg Baun, who has served in this role since 1994, to help facilitate Innovative’s next phase of growth. Greg will remain in the role of CEO post-close and retain a significant ownership stake in the Company.
“I am excited to be partnering with Banyan Capital Partners. Their long-term investment philosophy aligns with the objectives of my team to continue to grow our business throughout North America,” said Greg Baun, CEO of Innovative Surface Solutions.
“Innovative is uniquely positioned on the east coast of Canada and the U.S. to provide essential road safety and industrial solutions to its customers for years to come. Banyan is looking forward to working with Greg and his team as we embark together on this next chapter of growth,” said Matthew Segal, Managing Director and Partner at Banyan Capital Partners.
About Innovative Surface Solutions
Founded in 1986, Innovative distributes liquid salts, primarily magnesium chloride and calcium chloride mixed with additives for de-icing, dust control and various industrial applications. The Company services a diverse customer base including large treated salt partners, commercial customers, water treatment clients and government agencies including regional municipalities, townships and counties. Headquartered in Ajax, Ontario with its U.S. headquarters in Glenmont, New York, the Company operates seven terminal facilities with the capacity to store over 200 thousand metric tons and processes over 300 thousand metric tons annually.
About Banyan Capital Partners
Founded in 1998 and under current management since 2008, Banyan Capital Partners is a Canadian based private equity firm that makes equity investments in middle market private and public companies throughout North America. Through a long-term investment approach, Banyan has developed into one of Canada’s leading middle market private equity firms with an established track record of success in providing full or partial liquidity to founders, families and entrepreneurs and helping them take their business to the next level. Banyan is part of Connor, Clark & Lunn Financial Group Ltd., an independently owned multi-boutique asset management firm whose affiliates are collectively responsible for over $100 billion in assets under management on behalf of institutional, private and retail clients.
Contact:
Jeff Wigle Managing Director Banyan Capital Partners (416) 564-0737 [email protected]
Banyan Capital Partners (“Banyan”), a leading Canadian middle market private equity firm, is pleased to announce it has closed the fundraising for its first tranche of committed capital at $216 million in a newly created evergreen fund, Banyan Committed Capital LP (“The Fund”). Funding was provided by high net worth investors of Connor Clark & Lunn Private Capital Ltd., Connor, Clark & Lunn Financial Group Ltd., and the principals of Banyan. With this first committed capital raise, Banyan aims to build a sustainable, diversified portfolio of value-oriented private equity investments.
Banyan will continue with the long-term, partnership-focused investment philosophy and approach which has led to its success since 2008. Unlike traditional private equity firms, Banyan has the ability to hold its investments for up to 50 years.
Banyan will seek to make equity investments in the range of $10 million to $50 million in businesses with an established track record of generating annual EBITDA in the general range of $5 million to $15 million. Additional fundamental characteristics of targeted businesses include; a Canadian or U.S. headquarters, a clear competitive advantage, identifiable growth opportunities and the existence of, or potential to, generate significant free cash-flow.
Since 2008, Banyan has invested over $190 million across seven platform investments and completed an additional 10 add-on acquisitions across a breadth of industries. For more information on Banyan, please see www.banyancapitalpartners.com.
About Banyan Capital Partners
Founded and under current management since 2008, Banyan Capital Partners is a Canadian based private equity firm that makes equity investments in middle market private and public companies throughout North America. Through a long-term investment approach, Banyan has developed into one of Canada’s leading middle market private equity firms with an established track record of success in providing full or partial liquidity to founders, families and entrepreneurs and helping them take their business to the next level. Banyan is part of Connor, Clark & Lunn Financial Group Ltd., an independently owned multi-boutique asset management firm whose affiliates are collectively responsible for over $100 billion in assets under management on behalf of institutional, private and retail clients.
Contact:
Jeff Wigle Managing Director Banyan Capital Partners (416) 564-0737 [email protected]
Connor, Clark & Lunn Financial Group (CC&L Financial Group) is pleased to announce that John Ricketts has joined the Institutional Sales team as Senior Vice President and Co-Head, Institutional Sales, USA.
With over 20 years’ experience in the asset management industry, John brings extensive knowledge and expertise to the firm’s institutional business.“Our multi-affiliate presence in the US continues to grow in size and scope. Having someone of John’s caliber as co-lead will help us accelerate our growth in this important market. We are excited to have John as part of the team,” said Eric Hasenauer, Senior Vice President and Co-Head, Institutional Sales, USA, CC&L Financial Group.
About the Connor, Clark & Lunn Financial Group
Connor, Clark & Lunn Financial Group Ltd. (CC&L Financial Group) is a multi-boutique asset management firm that provides a broad range of investment management products and services to institutional investors, high net worth individuals and advisors. We bring significant scale and expertise to the delivery of non-investment management functions through the centralization of all operational and distribution functions, allowing our talented investment managers to focus on what they do best. With offices across Canada, and in Chicago and London, CC&L Financial Group’s affiliates manage over $100 billion in assets. For more information, please visit www.cclgroup.com.
Contact:
Eric Hasenauer Senior Vice President, Co-Head of Institutional Sales, USA Connor, Clark & Lunn Financial Group Ltd. (917) 232-3550 [email protected]
John Ricketts Senior Vice President, Co-Head of Institutional Sales, USA Connor, Clark & Lunn Financial Group Ltd. (203) 615-4847 [email protected]
Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) today announced the formation of a strategic partnership with Hy Stor Energy LP (Hy Stor Energy), which will develop, commercialize and operate green hydrogen production, storage, and distribution at scale.
Hy Stor Energy is developing a portfolio of large-scale, fully integrated green hydrogen projects in the United States. The projects will include the on-site production, storage, and delivery of green hydrogen as both a zero-carbon fuel and a means of storing and producing electricity on demand. This combination of storage and scale will be critical in accelerating the green hydrogen economy in the United States and will support the nation’s transition to a net zero carbon emissions future.
Hy Stor Energy is already permitted for hydrogen storage at multiple locations in the U.S. Gulf Coast, which together will form the backbone of a regional hub. This hydrogen hub will have co-located production, transmission, pipeline, rail and other infrastructure, linking these components to add value while driving economies of scale and attracting end-users. The hub is also expected to attract intellectual capital, spur innovation, create jobs and stimulate the local economy. It will deliver a major source of safe, reliable and 100% carbon free energy that is flexible and available on demand.
“CC&L Infrastructure is excited to further participate in the global energy transition with this partnership,” said Matt O’Brien, President of CC&L Infrastructure. “We believe that the green hydrogen sector is nearing an important inflection point and that its growth will contribute meaningfully to the achievement of net zero carbon emissions targets over the coming decades. The partnership with Hy Stor Energy is a natural evolution of our long-term investment strategy that builds upon our existing expertise in renewable energy. Through this partnership, CC&L Infrastructure and its clients will gain access to a number of attractive investments in a rapidly growing renewable sub-sector as well as technical expertise in green hydrogen and energy storage.”
“Hy Stor Energy is solving the unique challenges of a world transitioning to renewable energy, and we’re developing a model for producing, storing and delivering 100% carbon-free green hydrogen reliably, consistently – and at scale,” said Laura Luce, CEO of Hy Stor Energy. “Our partnership with CC&L Infrastructure will enable us to advance the large-scale development and commercialization of green hydrogen and long-duration storage.”
Green hydrogen is a zero-carbon fuel source and an energy storage mechanism. It is created using renewable energy and a process called electrolysis. Electrolysis uses only two inputs – water and renewable electricity – to produce hydrogen with zero emissions and with oxygen as the only byproduct. Green hydrogen is expected to play a critical role in the global shift away from fossil fuel based sources of energy. Specifically, it can enable the decarbonization of sectors where direct electrification is not practical, offering a viable path towards zero emissions for many industries and jurisdictions.
CC&L Infrastructure’s investment mandate targets traditional and energy infrastructure assets and companies, including power generation, electricity transmission and distribution, and energy storage, among other projects. The firm is an active investor and owner of renewable energy assets and has a current portfolio totaling 1.4 GW of clean energy generating capacity globally. The majority of these assets were acquired during development and the CC&L Infrastructure team has significant experience in both construction oversight and ongoing asset management. The partnership with Hy Stor Energy will build upon this expertise to support further decarbonization efforts and the global energy transition.
About Connor, Clark & Lunn Infrastructure
CC&L Infrastructure invests in middle-market infrastructure assets with highly attractive risk-return characteristics, long lives and the potential to generate stable cash flows. The firm has been an active investor and owner of renewable energy assets for more than 15 years. Its portfolio includes more than 60 hydro, solar, and wind facilities totaling 1.4 GW of clean energy generating capacity globally. CC&L Infrastructure is a part of Connor, Clark & Lunn Financial Group Ltd., a multi-boutique asset management firm whose affiliates collectively manage over CAD$100 billion in assets. For more information, please visit www.cclinfrastructure.com.
About Hy Stor Energy
Hy Stor Energy is facilitating the transition to a fossil-free energy environment by developing and advancing green hydrogen at scale through the development, commercialization, and operation of green hydrogen hub projects. Large, fully integrated projects produce, store, and deliver 100% carbon-free energy, providing customers with safe and reliable renewable energy on-demand. Developed as part of an integrated hub, these projects couple on-site green hydrogen production with integrated long-duration storage and distribution – using scale to reduce costs. Hy Stor Energy, led by energy storage industry and hydrogen technology veteran Laura L. Luce, has an innovative team with deep expertise and is positioned as a leader in the green hydrogen revolution. For more information, please visit www.hystorenergy.com.
Contact:
Kaitlin Blainey Director Connor, Clark & Lunn Infrastructure (416) 216-8047 [email protected]
Connor, Clark & Lunn Financial Group (CC&L Financial Group) is pleased to announce it has become a Founding Participant in Climate Engagement Canada (CEC). CEC is a Canadian finance-led collaborative initiative that aims to drive dialogue between the financial community and Canadian corporations on climate-related risks, opportunities and transition to a net zero economy.
The CEC program is launching with over 25 investors as Founding Participants, collectively managing over $3 trillion in assets. CC&L Financial Group represents its three Canadian equity affiliates, Connor, Clark & Lunn Investment Management Ltd., PCJ Investment Counsel Ltd., and Scheer, Rowlett & Associates Investment Management Ltd.
“Connor, Clark & Lunn Financial Group looks forward to collaborating with other institutional investors to address climate risk in the Canadian economy and the transition to net zero,” said Michael Walsh, Managing Director, Connor, Clark & Lunn Financial Group. “All CC&L Financial Group affiliates spend significant time researching the ESG risks and opportunities of their investments and engaging with company management teams on ESG topics, so we view CEC as an important opportunity to speak with a stronger, unified voice on the issue of climate change.”
The CEC initiative is coordinated by several investor networks including the Responsible Investment Association (RIA), Shareholder Association for Research and Education (SHARE), and Ceres. The UN-backed Principles for Responsible Investment (PRI) is also supporting the program.
The CEC’s development was inspired by Canada’s Expert Panel on Sustainable Finance, which in 2019 made a series of recommendations to align Canada’s financial system with a low carbon future. One of the Expert Panel’s recommendations was to establish a national engagement program, akin to the global Climate Action 100+ initiative, to drive a broader and more consistent dialogue with Canadian issuers around climate risks and opportunities. Climate Engagement Canada is that program.
More information regarding this initiative can be found on the CEC website at www.climateengagement.ca.
About Connor, Clark & Lunn Financial Group Ltd.
Connor, Clark & Lunn Financial Group Ltd. (CC&L Financial Group) is a multi-boutique asset management firm that provides a broad range of investment management products and services to institutional investors, high net worth individuals and advisors. We bring significant scale and expertise to the delivery of non-investment management functions through the centralization of all operational and distribution functions, allowing our talented investment managers to focus on what they do best. With offices across Canada, and in Chicago and London, CC&L Financial Group’s affiliates manage over $100 billion in assets. For more information, please visit www.cclgroup.com.
Contact:
Blythe Clark Manager, Stewardship & Engagement Connor, Clark & Lunn Financial Group (604) 891-2601 [email protected]
Markets overview
The economic recovery from the pandemic has been strong and more enthusiastic than expected. There is a surge in demand for goods which is contributing to supply shortages and rising inflation. Given the backdrop, policymakers are beginning to reduce the emergency level stimulus that was put in place. The equity market response has been more volatility and lower returns than earlier in the recovery. This is expected given the outlook for more moderate growth and less support from central banks. On the quarter the S&P/TSX Composite Index was up 0.2% and the MSCI World ex Canada (C$) advanced 2.5%. Year to date this brings these market returns to 17.5% and 12.6%, respectively.
More moderate equity returns in Q3
Source: MSCI, Refinitiv
Bonds produced negative returns this quarter and year as yields were affected by both a surge in growth earlier in the year and recent changes to central bank policy. The FTSE Canada Universe Bond Index was down -0.5% for the quarter and down -4.0% for the year. High yield and short bonds, which are less sensitive to changes in yield, generated positive returns.
Bond returns remain negative
Source: FTSE, Refinitiv
Portfolio strategy
Our view is that we are experiencing a strong economic recovery supported by a broadening global restart. At the same time we expect higher inflation and a more muted monetary response going forward. We maintain an overweight to equities but recognize risks are rising. As equity market performance has been strong, we have taken profits. Within equities, we have an overweight to small-cap stocks which will benefit from above trend growth. Within bonds, we have been increasing our high yield exposure which is more attractive than core bonds given their low expected return.
Our portfolio management teams continue to favour more cyclical companies that are levered to the economic recovery. However, given the outlook for slower economic growth, inflation and supply bottlenecks, we are adding companies that can generate strong earnings despite these headwinds. Within fixed income, we have taken profits by reducing exposure to the corporate sector as well as real return bonds that have benefited significantly from higher inflation. Our positioning in portfolios has served clients well and remains attractive as we move into the final quarter of the year.
From the desk of Jeff Guise, Managing Director, Chief Investment Officer, CC&L Private Capital.
This post is for information only and is not intended as investment advice. The views expressed are those of the author at the time of publication and are subject to change at any time.
Thanksgiving is the time of year when we reflect on the fortunate aspects of our lives and show our appreciation for friends, family and those who support us. At CC&L, we are thankful for our local food banks and the support that they continue to provide in the communities in which we live and work.
Food banks have come to play a vital role in many people’s lives, particularly as COVID-19 has created additional food insecurity for more families across the country. Since the start of the pandemic, food banks have seen a rise of more than 50% in the number of people requiring their services. If the current trend continues, Toronto food banks will see 1.4 million visits by the end of 2021.1
The CC&L Foundation has donated to the Daily Bread Food Bank in Toronto for a number of years and has recently furthered support with a multi-year commitment. The Daily Bread Food Bank was founded in 1983 and has become one of Canada’s largest food banks. It believes no one should go hungry or face barriers to accessing food. Its nearly 200 food programs across Toronto aim to provide healthy and nutritious meals to people experiencing food insecurity.
“Although a sense of normalcy is returning to our city, for tens of thousands of individuals living in poverty, the reality is very different. In August 2021, there were over 113,000 visits to Daily Bread member food banks – a 67% increase compared to the same time last year,” says Neil Hetherington, CEO, Daily Bread Food Bank. “We are deeply grateful to CC&L for stepping forward this Thanksgiving season with a generous donation that will help ensure that the right to food is realized for our adults, seniors and children experiencing food insecurity in our city.”
About the Connor, Clark & Lunn Foundation
Created in 1999, the CC&L Foundation is supported by CC&L Financial Group and its affiliates and it responds to requests from clients, staff and others to fund programs and not-for-profit organizations that help promote a better environment, improvements to education, advances in science and medicine, stronger communities and the arts.
