Canada Growth Fund Inc. (CGF), also known as Fonds de croissance du Canada, is a wholly owned subsidiary of Canada Development Investment Corporation, established in 2023. It operates as a $15 billion independent investment fund at arm's length from the Government of Canada.
CGF's mandate is to build a portfolio of investments that catalyze private sector capital in Canadian businesses and projects, fostering economic growth while advancing emissions reductions and global competitiveness. It employs equity, hybrid instruments, and contracts to absorb risks such as market volatility, policy uncertainty, and regulatory hurdles.
Investment focus areas include low-carbon projects, clean technology commercialization, and low-carbon supply chains. Notable commitments encompass support for critical minerals mining, such as equity in Nouveau Monde Graphite's Matawinie project and the Thompson Mine Nickel Complex acquisition, alongside investments in technologies like sustainable fertilizers and geothermal energy.
The fund is managed by Canada Growth Fund Investment Management Inc., a subsidiary of PSP Investments.
To provide comprehensive coverage, we aggregate data and news under the name CGF, encompassing the following company names, divisions, and related entities:
Fonds de croissance du Canada.
This list encompasses current and former names, alternate names, and key divisions associated with CGF, ensuring you can easily find all relevant information under a single, unified profile.
