Asset manager to invest $10B in Canadian infrastructure

Key Takeaways:

• Power Sustainable plans to invest and mobilize over $10 billion into Canadian infrastructure, clean energy, and middle-market companies over the next five years.
• The capital will be deployed across direct equity, project debt, co-investments, and third-party institutional financing targeting renewable energy, battery storage, digital connectivity, and transport logistics.
• The announcement precedes the Canada Investment Summit in Toronto and expands on Power Sustainable’s existing investments in Canadian renewable developers like Potentia Renewables and regional telecom infrastructure.

The Whole Story:

Alternative asset manager Power Sustainable has announced a comprehensive plan to invest and mobilize more than $10 billion into Canadian infrastructure projects and high-growth sectors over the next five years. The Montreal-based firm, a subsidiary of Power Corporation of Canada, released the target ahead of the federal government’s inaugural Canada Investment Summit in Toronto.

The $10-billion strategy encompasses direct equity investments, private credit debt financing, co-investment capital, and third-party partner capital. The deployment will span four core infrastructure strategies: Energy Infrastructure Equity, Infrastructure Credit, Sustainable Private Equity, and Sustainable Agrifood. Key target sectors include renewable power generation, energy storage, digital connectivity, transport and logistics, municipal utility infrastructure, and environmental systems.

Existing Canadian portfolio assets under the Power Sustainable umbrella include renewable energy operator Potentia Renewables—which is currently constructing what is expected to become Canada’s largest battery energy storage project—alongside private debt investments in telecommunications firms including telMAX and Canadian Fiber Optics.

“Canada represents one of the most compelling investment opportunities in the world today, and we believe this is a moment for private capital to act,” said Bruce Heyman, Chief Executive Officer of Power Sustainable. “By combining our institutional capital base with strategic co-investors, we aim to accelerate the buildout of critical Canadian infrastructure needed to support sustainable long-term economic growth.”

The capital deployment plan relies heavily on partnering with Canadian pension funds, global institutional investors, and commercial financial institutions to structure co-investment platforms. By utilizing private debt and equity alongside partner capital, the asset manager aims to help satisfy growing demand for grid modernization, clean energy generation, and middle-market infrastructure financing across the country.