• MKB Equity Partners Inc. announced the final close of its third fund, MKB Partners Fund III, L.P.
• Fund III is MKB’s largest fund to date and focuses on scaling growth-stage companies in power, mobility, built environment, and industrial efficiency.
• Rising electricity demand and strained grid infrastructure are driving the need for scalable solutions, which Fund III aims to support.
• Antonio Occhionero, Managing Partner, notes that MKB continues its pioneering role in Canada’s energy transition and sees major opportunities in decarbonizing critical systems.
• Lead investors include La Caisse (Caisse de dépôt et placement du Québec), Investissement Québec, and BDC, with participation from Canada Growth Fund Inc., Fondaction, Fonds de solidarité FTQ, BMO Capital Partners, Trottier Family Foundation, and major family offices.
• Genevieve Bouthillier highlights that Fund III represents a pivotal moment for Canada’s cleantech sector and emphasizes BDC’s commitment to accelerating the scale-up of proven growth-stage companies while supporting a sustainable, low-carbon future.
• Yannick Beaudoin CFA underscores that Canada Growth Fund is proud to be a Limited Partner in Fund III, supporting key technologies and infrastructure for Canada’s energy transition and co-investing alongside high-quality partners to attract private capital.
• BDC highlights that Fund III will help scale proven cleantech companies and reinforces Canada’s competitiveness and global leadership in energy and industrial transformation.
• Canada Growth Fund emphasizes its role as a Limited Partner and its ongoing co-investments with MKB, including Cascadia Windows & Doors.
• Fund III has already invested in three high-growth companies.
