Press releases

May 12, 2021

Novacap Acquires Interest in Globe Electric Company

Novacap, one of Canada's leading private equity firms, in partnership with Fonds de solidarité FTQ and Fondaction, today announced that it has acquired a majority interest in Globe Electric Company ("Globe Electric"), a Montreal-based company specializing in the design, development, manufacturing, and marketing of innovative consumer lighting and electrical products.

May 10, 2021

Fonds de solidarité FTQ Prolongs Suspension of Lump-Sum Contributions Beyond May 31, 2021

The Fonds de solidarité FTQ (“Fonds”) is prolonging the suspension of lump-sum contributions for share purchases, announced January 11, beyond May 31, 2021. Only contributions through payroll deduction (including employer contributions) and preauthorized withdrawals, including new sign-ups, will be accepted as of June 1, 2021, enabling savers to benefit from the extra 30% in tax credits.

May 10, 2021

CTI Life Sciences Fund Successfully Raises $100 Million As A First Tranche of its Third Venture Capital Fund

CTI Life Sciences Fund announced today the first closing of its third venture capital fund (“CTI LSF III”), with $100M CDN of capital now available for investment. The new fund includes reaffirmed support from CTI’s existing investors, the Fonds de solidarité FTQ, Caisse de dépôt et placement du Québec (CDPQ), Investissement Québec (IQ) and Teralys Capital. BDC Capital’s Fund Investments team is joining in the first close of CTI LSF III alongside existing LPs. Previously, BDC Capital has invested in CTI LSF II via the Venture Capital Action Plan (VCAP) High Performing Funds program on behalf of the Government of Canada.

Created in 1983, the Fonds de solidarité FTQ is a development capital fund that calls upon the solidarity and savings of Quebecers to help fulfill its mission to contribute to Québec's economic growth by creating and protecting jobs through investments primarily in small and medium-sized businesses in all spheres of activity.

The Fonds also seeks to encourage Quebecers to save for retirement and to offer its over half a million shareholders-savers a reasonable return over and above the outstanding tax benefits they receive for purchasing Fonds shares. A leading purveyor of unsecured risk capital (growth and venture capital), the Fonds continues to drive our economy.

Please read the prospectus before buying Fonds de solidarité FTQ shares. Copies of the prospectus, from a local representative or at the offices of the Fonds de solidarité FTQ. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.