Public bodyCanadacgf-fcc.ca
Its role Investor / Financier
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.
Also known as Fonds de croissance du Canada and Clean Growth Fund LP.
chemXplore tracks 1 project involving CGF, of which one is active.
US$70M subscription (of US$309.5M round) buys ~11.6% stake and board seat; secures graphite/anode material supply and supports Brindisi Gigafactory and supply-chain diversification.
US$70M in a US$297M raise to fund Matawinie & Becancour; investor gains ~11.5% stake and board seat, secures exclusive graphite/anode supply for Brindisi gigafactory; pending AGM approval
active all projects
