CDPQ and Generation Investment Management Launch Unique Long-Term Sustainable Equity Partnership

Montréal and London (ots/PRNewswire) -

- USD$3bn available to invest in sustainable, resilient businesses
- Strategy built on CDPQ and Generation's shared commitment to
long term investing
- The investment in FNZ, announced today, represents first
transaction

La Caisse de dépôt et placement du Québec ("CDPQ") and Generation
Investment Management LLP ("Generation") today announced a unique
partnership for sustainable investing over the long term. The
Partnership, which will combine the strengths of the two
organisations, plans to invest an initial USD$3billion in investments
with an 8-15 year duration. This is a much longer period than typical
private equity investments and better suits the objectives of
sustainable value creation to build successful long-term businesses.

The CDPQ-Generation Partnership will target businesses with
outstanding management teams and solid long-term growth prospects.
These investments will be net positive for the environment, benefit
society and in many cases will use technology as a key factor for
driving change.

David Blood, Senior Partner at Generation, said: "For nearly 15
years, Generation has worked to prove the business case for long-term
sustainable investing across both listed and private equity markets.
This partnership affords us the opportunity to deploy longer term
capital, which truly embodies the concept of sustainable investing.
This is not only an important stride in fulfilling our own mission at
Generation, but one that we hope will catalyse a more sustainable
form of investing in the capital markets."

Michael Sabia, CEO of CDPQ, said: "This partnership is a natural
match between two like-minded organizations. Sustainability begins
with long-term involvement, which is why we made long-term investment
the cornerstone of CDPQ-Generation. We both integrate ESG principles
at the core of our investment strategies and believe they go
hand-in-hand with attractive returns. We also have tremendous
complementarity, as we bring together Generation's world-class equity
research team with CDPQ's investment expertise and global network."

John Bernstein, Partner at Generation, commented: "We are
extremely impressed by the leadership CDPQ has shown to drive the
long term sustainable investing agenda, which has been the mission
behind Generation since its foundation in 2004. This Partnership will
allow us to back larger private businesses and will help them to take
a longer-term view in the way they build and back their own
initiatives. It is an exciting development in the investment industry
and gives a new option to entrepreneurs and asset owners who want a
truly aligned partner."

The first investment of the CDPQ-Generation Partnership, also
announced today, is in FNZ. FNZ is a global FinTech firm,
transforming the way financial institutions serve their wealth
management customers. It partners with banks, insurers and asset
managers to help consumers better achieve their financial goals. The
CDPQ-Generation Partnership has acquired a majority stake in FNZ in a
deal valuing the company at GBP£1.65 billion (see transaction press
release).

Stéphane Etroy, Executive Vice-President and Head of Private
Equity at CDPQ, said: "We are delighted to be working with
Generation, a pioneer in long-term sustainable investing, and we are
proud to make FNZ the first investment of our new partnership. FNZ's
core mission of improving engagement and lowering costs for long-term
investors across all wealth segments, has significantly improved
access, choice and transparency of long-term savings for all
consumers. We also intend to work with FNZ to improve the ability of
consumers to build sustainability into their investment decisions."

About CDPQ

Caisse de dépôt et placement du Québec (CDPQ) is a long-term
institutional investor that manages funds primarily for public and
parapublic pension and insurance plans. As at June 30, 2018, it held
CA$308.3 billion in net assets. As one of Canada's leading
institutional fund managers, CDPQ invests globally in major financial
markets, private equity, infrastructure, real estate and private
debt. For more information, visit cdpq.com, follow us on Twitter
@LaCDPQ or consult our Facebook or LinkedIn pages.

About Generation Investment Management

Generation is a sustainability-focused investment management firm,
founded in 2004. It is an independent, private, owner-managed
partnership with offices in London and San Francisco. Its approach to
active investment management is focused on long-term performance and
based on an investment process that fully integrates sustainability
analysis into decision-making. It is dedicated to generating
long-term success by investing in sustainable businesses that provide
goods and services for a low-carbon, prosperous, equitable, healthy
and safe society. As of June 30, 2018, Generation managed appx. US$20
billion of assets on behalf of professional investors globally.

ots Originaltext: Generation Investment Management
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For further information, please contact:
CDPQ
Cesaltine Gregorio
Senior Director, Global Media Relations
+1-212-596-6314
+1-514-847-5493
medias@cdpq.com
FNZ
Brian Buckley / Eilis Murphy
Brunswick
+44-(0)20-7404-5959
bbuckley@brunswickgroup.com
emurphy@brunswickgroup.com
Generation Investment Management
Richard Campbell
CNC
+44-(0)203-755-1601
+44-(0)7775-784-933
generation@cnc-communications.com

Original-Content von: Generation Investment Management, übermittelt durch news aktuell