Save-on-Foods located in Town Centre, a newly constructed shopping centre in Calgary, Alberta.

Crestpoint Real Estate Investments Ltd., in partnership with the Trinity Retail Fund, is pleased to announce the completion of two new retail investments: Town Centre and the Cornerstone Retail Portfolio, both situated in and around Calgary, Alberta. These investments are strategically located, host a premium roster of well-known national tenants and are nestled near residential areas that attract substantial consumer traffic.

Town Centre, a newly constructed shopping centre spanning approximately 138,000 sq. ft. in the master-planned community of Trinity Hills near Canada Olympic Park, is anchored by Save-on-Foods and includes a variety of well-known national tenants, such as Dollarama, PetSmart, Bulk Barn and Sleep Country. Located near the Trans-Canada Highway and Sarcee Trail SW, the centre provides tenants with exposure to over 60,000 vehicles daily and is adjacent to a community projected to reach around 4,000 residential units.

The Cornerstone Retail Portfolio consists of two open-format, grocery-anchored retail properties in Olds and Okotoks, Alberta, measuring approximately 113,000 sq. ft. and 157,000 sq. ft., respectively. Combined, the two-asset portfolio covers 33 acres with a leasable area of approximately 270,000 sq. ft. About 98% of the space is leased to a premium roster of national tenants offering high-quality everyday essentials, including Sobeys, Canadian Tire, Staples, Dollarama, Mark’s and several leading banks. Both locations also benefit from their proximity to Walmart “Superstores.”

Crestpoint, on behalf of the Crestpoint Core Plus Real Estate Strategy (its open-end fund), has a 75% interest in Town Centre and the Cornerstone Retail Portfolio, with Trinity Retail Fund holding the remaining 25%. These acquisitions enhance the fund’s diversity and increase Crestpoint’s total assets under management to over $10 billion.

Image of multiple wind turbines against the horizon

Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) is pleased to announce that it has completed its previously announced acquisition of an 80% equity interest in the Sharp Hills wind farm (Sharp Hills, or the Project), from EDP Renewables Canada Ltd. (EDPR Canada), a subsidiary of EDP Renewables, a leading global renewable energy producer. With this investment in Sharp Hills, CC&L Infrastructure now owns approximately 1.8 GW of renewable power across Canada, the U.S., and Chile, with overall assets under management of approximately $6 billion.

At approximately 300 MW of capacity, Sharp Hills is one of the largest onshore wind farms in Canada, representing clean energy generation equivalent to the amount of power used by more than 160,000 Alberta homes. The project completed construction and reached full operations in early 2024, and is fully contracted under a 15-year power purchase agreement with a high-quality counterparty.

“This investment in Sharp Hills marks our first wind investment in Canada, further diversifying our infrastructure portfolio across sector and geography,” said Matt O’Brien, President of CC&L Infrastructure. “We are pleased to once again be partnering with EDPR and look forward to owning and operating the Sharp Hills project together over the coming years.”

This transaction is CC&L Infrastructure’s second partnership with EDPR, having previously acquired a 560 MW portfolio of U.S. wind and solar assets in 2020. On a combined basis, CC&L Infrastructure’s partnership with EDPR totals more than 800 MW of operating renewable energy projects across Canada and the U.S.

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 approximately $6 billion in assets under management diversified across a variety of geographies, sectors, and asset types, with over 90 underlying facilities across over 30 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 over $127 billion in assets.

Contact
Kaitlin Blainey
Managing Director
Connor, Clark & Lunn Infrastructure
(416) 216-8047
[email protected]

Image of wind turbines on prairies

Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) is pleased to announce that it has entered into an agreement to acquire a majority stake in the Sharp Hills wind farm (Sharp Hills, or the Project) from EDP Renewables Canada Ltd. (EDPR Canada), a subsidiary of EDP Renewables for an estimated Enterprise Value of approximately C$0.6 billion for an 80% stake and inclusive of investment tax credits. With the addition of this investment, CC&L Infrastructure will own more than 600 megawatts (MW) of wind generation assets and the Firm’s total portfolio of renewable energy projects will exceed 1.8 gigawatts (GW) of clean energy capacity across Canada, the United States, and Chile.

Located in southeastern Alberta, Sharp Hills is one of the largest onshore wind farms in Canada with approximately 300 MW of capacity, representing clean energy generation equivalent to the amount of power used by more than 160,000 Alberta homes. The newly built project recently entered into operations, with remaining construction expected to be completed by Q2 2024. The construction of this facility marked a significant investment in the province, contributing to the local economy through job creation and funding to the community. Sharp Hills is fully contracted through a 15-year power purchase agreement with a high-quality counterparty.

“The Sharp Hills wind farm is an attractive addition to our increasingly diverse portfolio of infrastructure assets. We look forward to working further with our partner, EDPR, in the safe and successful operation of this facility for years to come,” said Matt O’Brien, President of CC&L Infrastructure. “CC&L Infrastructure has a long history and significant expertise as an owner of more than 80 clean energy projects. We are excited to continue expanding our asset base and are actively pursuing further investment opportunities created by the increasing demand for renewable power and the broader energy transition that is underway.”

“We’re excited to partner again with CC&L Infrastructure, this time in Alberta,” added Sandhya Ganapathy, CEO of EDP Renewables North America. “The Sharp Hills project underscores our continuing commitment to invest in Alberta and contribute to its grid resiliency and energy security. We look forward to continued efforts focused on Canada’s energy transition.”

This is CC&L Infrastructure’s second transaction with developer EDPR, having previously acquired a 560 MW portfolio of wind and solar assets in the United States. EDPR will retain a minority equity interest in Sharp Hills and continue to operate and manage the Project. National Bank Financial Inc. advised CC&L Infrastructure as financial advisor and Torys LLP as legal counsel while CIBC Capital Markets served as the financial advisor to EDPR Canada. The transaction is subject to customary closing conditions expected to be satisfied in the coming weeks.

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 30 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 over CAD$118 billion in assets.

For more information, please visit www.cclinfrastructure.com and follow us on LinkedIn.

About EDP Renewables North America

EDP Renewables (Euronext: EDPR) is a global leader in renewable energy development which has built a significant position in the energy landscape, establishing a presence in four global hubs – Europe, North America, South America, and Asia Pacific. With headquarters in Madrid and leading regional offices in Porto, Houston, São Paulo and Singapore, EDPR has a sound development portfolio of top-level assets and market-leading operating capacity in renewable energies. Its business mainly encompasses onshore wind, distributed and large-scale solar, offshore wind (through a 50/50 joint venture – Ocean Winds) and complementary technologies to renewables, such as hybridization, storage and green hydrogen. EDPR is a division of EDP (Euronext: EDP), a leader in the energy transition with a focus on decarbonization. EDP – EDPR’s main shareholder – has been listed on the Dow Jones Index for 16 consecutive years, recently being named the most sustainable electricity company on the Index.

For more information, please visit www.edpr.com/north-america and follow us on LinkedIn.

Contact

Kaitlin Blainey
Director
Connor, Clark & Lunn Infrastructure
(416) 216-8047
[email protected]

Tom Weirich
Lead – Marketing & Stakeholder Relations
EDP Renewables North America (EDPR NA)
(281) 825-2771
[email protected]

Photo of floral arrangement from Second Nature Designs

Banyan Capital Partners (“Banyan”), a leading Canadian middle-market private equity firm, is pleased to announce its acquisition of Second Nature Designs Limited (“Second Nature” or the “Company”). Second Nature marks Banyan’s second platform investment through Banyan Committed Capital LP, an evergreen investment vehicle established in December 2021.

Founded in 1994, Second Nature is a manufacturer and distributor of home décor and gifting products made up of dried florals and other naturally and sustainably sourced botanicals. The Company sources materials globally and manufactures its products in Hamilton, Ontario. The Company services a recognizable customer base across Canada and the United States.

Banyan is partnering with the Company’s President and founder, Steve Koning, who has served in this role since 1994.  Along with the management team, he will retain a minority ownership in the Company.

“Banyan’s long-term investment philosophy aligns with the objectives of my team to continue to grow our business throughout North America,” said Steve Koning. “We look forward to working with a partner that shares our strategic vision and values.”

“Since founding Second Nature in 1994, Steve and his team have built a remarkable business centred on delivering exceptional products and service to customers. This investment allows Banyan to partner with an impressive team to embark on the next chapter of growth for the business,” said Simon Gélinas, Managing Director and Partner at Banyan.

About Second Nature Designs

Founded in 1994, Second Nature imports dried florals and other naturally and sustainably sourced botanicals used in design bouquets, bowl filler collections and other home décor products, serving big box stores, grocery banners, wholesalers and independent home retailers across both Canada and the US with high-quality and sustainable products.

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 businesses 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 $110 billion in assets under management on behalf of institutional, private and retail clients.

TORONTO, ON, April 5, 2023 – Crestpoint Real Estate Investments Ltd. (Crestpoint) today announced the acquisition of a two building multi-family complex located at 2 & 4 Hanover Road in Brampton, Ontario (the Property).

The Property, comprised of two towers of 18 and 22 storeys, respectively, with a total of 605 units and 946 parking stalls, provides an attractive mix of 1, 2 and 3-bedroom suites that currently have a ~97% occupancy rate. In addition to the two existing towers, the Property’s 10 acre site can also support the development of an additional ~400 units in the future. The desirable location, minutes away from Highway 410 and both the Bramalea and Brampton GO stations, offers tenants easy access to multiple schools and a variety of retail, community and recreational amenities including Chinguacousy Park. Vestcor Inc. and Crestpoint, on behalf of the Crestpoint Core Plus Real Estate Strategy (its open-end fund), split a 90% interest in the Property. InterRent REIT acquired the remaining 10% and will provide property management services on behalf of the ownership group.

The closing of this acquisition brings Crestpoint’s total assets under management to approximately $9.9 billion and 36.5 million square feet.

About Crestpoint

Crestpoint Real Estate Investments Ltd. is a commercial real estate investment manager dedicated to providing investors with direct access to a diversified portfolio of commercial real estate assets. Crestpoint is part of the Connor, Clark & Lunn Financial Group, a multi-boutique asset management company that provides investment management products and services to institutional and high-net-worth clients. With offices across Canada and in Chicago, London and Gurugram, India, Connor, Clark & Lunn Financial Group and its affiliates are collectively responsible for the management of approximately $104 billion in assets. For more information, please visit: www.crestpoint.com.

Contact

Elizabeth Steele  
Director, Client Relations  
Crestpoint Real Estate Investments Ltd.  
(416) 304-8743  
[email protected]

L.F. Wade International Airport

Connor, Clark & Lunn Infrastructure (“CC&L Infrastructure”) today announced the acquisition of a 49.9% minority interest in Bermuda Skyport Corporation Limited (“Skyport”) from Aecon Group Inc. (“Aecon”), the concessionaire for the L.F. Wade International Airport (the “Bermuda International Airport”). Aecon is a leading Canadian construction and infrastructure development company, which will continue as majority owner and operator of the airport. The purchase price for the acquired interest is US $128.5 million, and the transaction remains subject to a number of closing conditions which the parties expect will be satisfied in the coming weeks.

The Bermuda International Airport provides sole aviation access to the island for both international travelers and Bermudians alike. This modern, world class airport with a new state-of-the-art passenger terminal building is supportive of Bermuda’s growing tourism industry and its status as a global financial center. The facility was constructed with environmentally efficient lighting, cooling, and wastewater systems, and was built to withstand extreme weather conditions common to island nations.

The redevelopment of the Bermuda International Airport was completed in 2020 under a concession agreement between Skyport, a wholly-owned subsidiary of Aecon, and the Bermuda Airport Authority. Skyport is responsible for the operation, maintenance, and commercial functions of the airport and coordinates the overall airport redevelopment project under the concession agreement, which has 24 years remaining on its original 30-year term.

“We are excited to expand to a new sector and geography with the addition of this interest in a world-class airport,” said Matt O’Brien, President of CC&L Infrastructure. “This investment is consistent with our strategy of investing in high-quality, long-duration assets in creditworthy jurisdictions. The L.F. Wade International Airport is an excellent example of a resilient, durable asset with potential for growth as passenger traffic recovers in the wake of COVID-19 – providing an attractive complement to our existing, well-diversified portfolio of infrastructure assets.”

“We believe that Bermuda is a strong jurisdiction for investment and are excited to be partnered with Aecon and the team at Skyport in the delivery of a high-quality airport offering to the Government and people of Bermuda,” added Ryan Lapointe, Managing Director of CC&L Infrastructure. “As a long-term investor, we look forward to working with our partners at Aecon and the Government of Bermuda in the continued successful operation of the Bermuda International Airport for many years to come.”

CIBC Capital Markets is serving as exclusive financial advisor and Torys LLP is serving as legal counsel to CC&L Infrastructure on the transaction.

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 30 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 more than CAD$100 billion in assets. For more information, please visit www.cclinfrastructure.com.

Contact

Vrushabh Kamat
Connor, Clark & Lunn Infrastructure
(437) 928-5184
[email protected]

TORONTO, ON, March 14, 2023 – Crestpoint Real Estate Investments Ltd. (Crestpoint) today announced the acquisition of a new industrial property, Coastal Heights Distribution Centre.

This newly constructed 428,000 square foot facility features best-in-class industrial warehouse characteristics including a clear height of 36 feet, 49 dock doors accessed through a secured loading courtyard, an efficient layout, excellent ingress, and egress provided through four access points, and ample parking. Situated on a 19 acre site in the Campbell Heights industrial area in Surrey, B.C., the property is strategically located near several key highway series and provides easy access to the Canada-U.S. border. The building is 100% leased for 10 years to a Fortune 500 company. Crestpoint acquired a 100% interest in the property on behalf of the Crestpoint Core Plus Real Estate Strategy, its open-end Fund, along with two institutional clients of Crestpoint’s.

The closing of this acquisition brings Crestpoint’s total assets under management to over $9.7 billion and 36.0 million square feet.

About Crestpoint

Crestpoint Real Estate Investments Ltd. is a commercial real estate investment manager dedicated to providing investors with direct access to a diversified portfolio of commercial real estate assets. Crestpoint is part of the Connor, Clark & Lunn Financial Group, a multi-boutique asset management company that provides investment management products and services to institutional and high net-worth clients. With offices across Canada and in Chicago, London, and Gurugram, India, Connor, Clark & Lunn Financial Group, and its affiliates are collectively responsible for the management of approximately $104 billion in assets. For more information, please visit: www.crestpoint.ca.

Contact

Elizabeth Steele  
Director, Client Relations  
Crestpoint Real Estate Investments Ltd.  
(416) 304-8743  
[email protected]

Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) and its partner, Alpenglow Rail (Alpenglow), today announced the acquisition of Alberta Midland Railway Terminal (AMRT), a short-line rail terminal located in Lamont County, Alberta that provides critical first and last mile transportation and logistics solutions to an established local customer base. This is the latest investment through a partnership established by CC&L Infrastructure and Alpenglow in 2019 that has since grown to include six rail terminals across Canada and the United States (U.S.).

AMRT, which has the capacity to store over 1,400 railcars on approximately 300 acres of property, is strategically located to serve one of the largest industrial hubs in North America, composed of 40+ industrial facilities representing over $40 billion in investments. AMRT is served by both CN and CP (the only Class I railroads in the region), and is situated in close proximity to industrial markets and large-scale customers, making the terminal integral to local supply chains.

“Our rail business has continued to deliver strong performance throughout the turbulent market conditions we have experienced over the past three years and AMRT represents an important addition to our growing rail investment portfolio,” said Matt O’Brien, President of CC&L Infrastructure. “We look forward to working alongside our partners at Alpenglow to drive further growth at AMRT and create long-term value across our broader rail business.”

This investment further advances CC&L Infrastructure and Alpenglow’s plan to develop and operate a diversified portfolio of rail businesses across North America. With the acquisition of AMRT, the partnership comprises three terminals in the U.S. Gulf Coast and three terminals in Canada, providing a diverse array of services to a blue-chip corporate customer base. 

“We are excited to expand our North American presence with the acquisition of AMRT,” said CEO of Alpenglow, Rich Montgomery. “We see opportunity to leverage our expertise to pursue significant growth including new customer service offerings. AMRT has some unique features that are difficult to replicate, including dual Class I service, a strategic location in Alberta’s premier industrial hub, and ample land for development and expansion. These features coupled with our proven approach focused on customer service and safety provides potential to add significant value over the life of the asset.”

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 30 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$98 billion in assets. For more information, please visit www.cclinfrastructure.com.

About Alpenglow Rail

Alpenglow Rail develops and manages freight rail businesses and related transportation assets across North America. Alpenglow Rail currently owns and operates six rail terminals strategically located in leading industrial markets within Canada and the U.S. Gulf Coast. Alpenglow Rail was founded by seasoned railroad executives Rich Montgomery, Darcy Brede, Henning von Kalm, and Josh Huster. For more information, please visit www.alpenglowrail.com.

Contact

Vrushabh Kamat
Connor, Clark & Lunn Infrastructure
(437) 928-5184
[email protected]

Rich Montgomery
Alpenglow Rail
(720) 328-0944
[email protected]

Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) and CarbonFree Technology are pleased to announce the closing of approximately USD$360 million in debt financing facilities for their portfolio of utility-scale solar projects located in Chile. The financings are comprised of a $19mm letter of credit facility, a $71mm bridge-loan facility which will be used to fund ongoing construction costs, and a ~$270mm private placement facility whose proceeds will be used primarily to refinance existing bank debt and repay the bridge-loan facility once projects complete construction. The private placement issuance has been rated BBB+ by S&P and was well oversubscribed by a syndicate of large North American financial institutions.

“We are excited to complete this refinancing, one of the largest solar project private placements in Chile to date,” said Matt O’Brien, President of CC&L Infrastructure. “The aggregation, de-risking and successful construction of individual, small-scale projects is the culmination of a multi-year strategy, allowing us to secure long-term financing at competitive rates and create value for our investors. Our base of Chilean solar assets is part of our large and rapidly growing energy transition portfolio that aggregates over 1.5 gigawatts of renewable assets across a range of clean energy technologies.”

Since making their initial investment in Chile in 2017, CC&L Infrastructure and CarbonFree have significantly expanded their portfolio, with 37 individual ground-mounted solar projects in operation and a further 16 projects currently under construction or expected to begin construction shortly. The total Chilean solar portfolio is comprised of approximately 360 megawatts (MW) of generation, including more than 250 MW of operating projects and 110 MW of projects currently in or about to enter construction. The portfolio is forecast to be fully operating by the second half of 2023.

“Chile is making excellent progress towards the country’s 2030 clean energy and decarbonization targets, in addition to their overarching goal of net zero carbon emissions by 2050. We’re pleased that our portfolio of solar projects can contribute to this leadership on climate action, as well as provide Chilean citizens with affordable electricity for years to come,” said David Oxtoby, CEO of CarbonFree.

The power generated by these projects is sold at stabilized prices under Chile’s Pequeños Medios de Generación Distribuidos (PMGD) program and is transmitted to the grid through transmission infrastructure owned by local distribution companies. Once the full portfolio has been completed, the facilities will be capable of producing more than 750,000 MW hours of clean electricity annually.

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 30 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 CarbonFree Technology

CarbonFree Technology is a member of the CarbonFree Group of Companies based in Toronto, Canada and Santiago, Chile. CarbonFree develops, finances, manages construction, operates and owns solar projects and is active in Canada, the United States and Latin America. Over the past 15 years, the company has developed more than 120 solar power projects with a total capacity of more than 660 MW. For more information, please visit www.carbonfree.com.

Contact

Vrushabh Kamat
Connor, Clark & Lunn Infrastructure
(437) 928-5184
[email protected]

Daniel Soper
CarbonFree Technology
(416) 975-8800 x603
[email protected]

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.

Contact

Vrushabh Kamat
Connor, Clark & Lunn Infrastructure
(416) 862-8079
[email protected]