Fonds De Solidarité FTQ

Canada · Venture Capital & Private Equity

The Fonds de solidarité FTQ, known as the FTQ Solidarity Fund, is a development capital investment network based in Quebec, Canada. Established in 1983, it is the largest fund of its kind in the province and plays a vital role in supporting Quebec's socio-economic development. The fund's mission is to foster economic growth by investing in businesses across various sectors and regions. It encourages retirement savings among workers by allowing them to purchase shares of the fund, which also supports local businesses. The FTQ Solidarity Fund provides investment services, development support, and promotes training for workers in partner businesses. It partners with over 3,126 small and medium-sized enterprises, significantly contributing to Quebec's GDP. The fund adheres to environmental-social-governance (ESG) principles and engages in philanthropic activities to enhance social wealth in the region. As of late 2019, it managed net assets of approximately $16.7 billion CAD.