Investing in a better society.
At the Fonds, we believe in the importance of a fair and humane economy, where social and environmental objectives are not constraints, but drivers of prosperity.DOWNLOAD THE REPORT (PDF)
Our results at a glance
Together, building a more prosperous, greener and fairer society
Annual returns to the shareholder1
Years ended May 31 (in %)
Annual compound returns to the shareholder2
Year ended May 31, 2021 (in %)
As on the global scale, the Québec economy experienced the ups and downs of the COVID-19 pandemic. After a rebound that was almost as dramatic as the downturn seen in the early stages of the pandemic, the Québec economy continued in recovery mode. The favourable economic conditions, combined with the robustness of businesses in the portfolio and the sharp rise in the stock markets, enabled the Fonds de solidarité FTQ to generate an annual return to the shareholder of 20.3%, bringing the share value to $53.21.
2 The annual compound return to the shareholder is calculated by taking into account the annualized change in the value per share over each of the periods indicated. Each compound rate of return indicated do not take into account income taxes payable by any securityholder that would have reduced returns.
As at May 31 (in millions of $)
Net assets per share
As at May 31 (in dollars)
Development capital investments*
Years ended May 31 (in millions of $)
Number of partner companies
As at May 31 (Fonds and network)
*These investments include funds committed but not disbursed, as well as guarantees and suretyships.
Contributing to the vitality of the Québec economy
Across Québec, entrepreneurs act with boldness and determination to achieve their ambitions. We are there to offer them the financial leverage that will help them move forward and have a stake in a prosperous and responsible economy.
A first for Québec
With a $40 million investment from the Fonds de solidarité FTQ, Groupe Robert, a leader in supply chain management, began building in Varennes a distribution centre for fresh and frozen food that will be among the most automated in North America. This warehouse is the first of its kind in Québec for an outsourced logistics company.
Capitalizing on authenticity, innovation and vitality
Microbrewery Le BockAle is experiencing impressive growth, capitalizing on innovation to become one of the first microbreweries to start producing non-alcoholic beer. Its various types of microbrewery beers are now sold in over 1,500 outlets across Québec.
Microbrewery Le BockAle
Landmark relaxation off the beaten track
With the wide-open spaces of Charlevoix as a backdrop, Repère Boréal proposes various types of accommodation, from tree-top cabins to large chalets with a panoramic view. The family business led by brothers Jonathan and Simon Galarneau designs and builds dwellings that combine comfort, hearty atmosphere and design, not to mention exceptional vistas.
Creating the conditions for growth
The world leader in paddle sports equipment, Pelican had an especially busy year. After acquiring Confluence Outdoor, a U.S. company, in December 2019 and integrating its operations into its own, Pelican saw outdoor recreational activities reach new heights because of the pandemic. Kayaks, paddle boards, canoes, pedal boats and fishing boats were all part of this craze, while prior to the pandemic the trend had been stable.
Together, meeting the challenges of a world in transition
Beyond financial return, we strive to contribute to society’s well-being through our investments. Our objectives are to create and retain high-quality jobs, to support local and regional economies, and more. Read our 2021 Operations and Sustainability Report online to discover all our initiatives.
2021 GRI Content Index
Read our 2021 GRI Content Index online to discover all our sustainability initiatives and practices.
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