Company type | Private |
---|---|
Industry | Financial management, private equity |
Founded | 1999Montreal, Quebec, Canada | in
Headquarters | , |
Number of locations | Montreal, London, Luxembourg, São Paulo [1] |
Key people |
|
Products | Infrastructure private debt and private equity |
AUM | US$3.4 billion (2022) [1] |
Website |
www |
Cordiant Capital is a Canadian multinational investment management firm based in Montreal, Quebec. Founded in 1999, the firm has also has offices in London, São Paulo and Luxembourg. [2] [3] [4] [1] Since 2015, the firm's various investment funds have focused on energy infrastructure, digital infrastructure, and agriculture. [5]
Cordiant Capital was founded as a fund manager in Montreal in 1999. [6] With an initial investing focus on emerging market debt, [5] Cordiant's first fund closed in 2001 with US$360 million raised from its sole two investors at the time: Ontario Teachers' Pension Plan and Caisse de dépôt et placement du Québec. [7] Cordiant was an early signatory to the United Nation's Principles for Responsible Investment.
In 2005, the Government of Canada created its $211 million Canadian Investment Fund for Africa, [4] with Actis and Cordiant as co-managers. [7] ln December 2009, [8] Cordiant was selected to manage the €500 million Infrastructure Crisis Facility-Debt Pool, [9] part of a $4 billion program launched by the World Bank. Investors in the fund included various European governments and state development agencies. [10] Among them was the Government of Germany, through the development bank KfW. [9]
By 2011, Cordiant had invested around US$2 billion of the $2.2 billion it managed, [3] and had partnered with institutions such as the European Bank for Reconstruction and Development on diverse project types. [4] In April 2013, Cordiant raised $250 million for its fourth emerging market debt fund. [7] [11]
In 2015 and 2016, Cordiant was purchased from majority shareholder Ontario Teachers' Pension Plan by a new consortium of partners, [12] including Benn Mikula and Jean-François Sauvé, who became co-CEOs [5] and managing partners. [12] [5] James Keirnan was named Cordiant's new chair. [5]
Upon the change in ownership, Cordiant focused on four sectors: digital infrastructure, agriculture, renewable energy and transport. [5] The company stated it would focus increasingly on middle-market companies, [12] both in emerging and developed markets. [13] Cordiant Capital was one of three Canadian signatories of the Operating Principles for Impact Management investing standard. [14] By January 2020, Cordiant had brought in Steven Marshall, former president of American Tower, as its chairman of telecommunications, overseeing a new $350 million Cordiant fund (Cordiant IX) focused on telecoms infrastructure. [2]
Cordiant listed a new fund, Cordiant Digital Infrastructure Ltd., on the London Stock Exchange in February 2021. It was given a £370 million funding cap with plans to invest in telecom infrastructure: data centers, primarily mobile-phone towers and fiber-optic networks. [5] [15] The traded fund's investors were described by The Globe & Mail as "pension plans, alternative asset managers and wealthy families from Australia, Canada, Switzerland, the U.S. and the U.K." [5] The fund's first deal was with the Czech Republic–based digital infrastructure company CRA. [12]
In early 2022, Cordiant Capital had approximately $3 billion in committed capital in its combined funds. [5]
Company type | Private |
---|---|
Industry | Financial management, private equity |
Founded | 1999Montreal, Quebec, Canada | in
Headquarters | , |
Number of locations | Montreal, London, Luxembourg, São Paulo [1] |
Key people |
|
Products | Infrastructure private debt and private equity |
AUM | US$3.4 billion (2022) [1] |
Website |
www |
Cordiant Capital is a Canadian multinational investment management firm based in Montreal, Quebec. Founded in 1999, the firm has also has offices in London, São Paulo and Luxembourg. [2] [3] [4] [1] Since 2015, the firm's various investment funds have focused on energy infrastructure, digital infrastructure, and agriculture. [5]
Cordiant Capital was founded as a fund manager in Montreal in 1999. [6] With an initial investing focus on emerging market debt, [5] Cordiant's first fund closed in 2001 with US$360 million raised from its sole two investors at the time: Ontario Teachers' Pension Plan and Caisse de dépôt et placement du Québec. [7] Cordiant was an early signatory to the United Nation's Principles for Responsible Investment.
In 2005, the Government of Canada created its $211 million Canadian Investment Fund for Africa, [4] with Actis and Cordiant as co-managers. [7] ln December 2009, [8] Cordiant was selected to manage the €500 million Infrastructure Crisis Facility-Debt Pool, [9] part of a $4 billion program launched by the World Bank. Investors in the fund included various European governments and state development agencies. [10] Among them was the Government of Germany, through the development bank KfW. [9]
By 2011, Cordiant had invested around US$2 billion of the $2.2 billion it managed, [3] and had partnered with institutions such as the European Bank for Reconstruction and Development on diverse project types. [4] In April 2013, Cordiant raised $250 million for its fourth emerging market debt fund. [7] [11]
In 2015 and 2016, Cordiant was purchased from majority shareholder Ontario Teachers' Pension Plan by a new consortium of partners, [12] including Benn Mikula and Jean-François Sauvé, who became co-CEOs [5] and managing partners. [12] [5] James Keirnan was named Cordiant's new chair. [5]
Upon the change in ownership, Cordiant focused on four sectors: digital infrastructure, agriculture, renewable energy and transport. [5] The company stated it would focus increasingly on middle-market companies, [12] both in emerging and developed markets. [13] Cordiant Capital was one of three Canadian signatories of the Operating Principles for Impact Management investing standard. [14] By January 2020, Cordiant had brought in Steven Marshall, former president of American Tower, as its chairman of telecommunications, overseeing a new $350 million Cordiant fund (Cordiant IX) focused on telecoms infrastructure. [2]
Cordiant listed a new fund, Cordiant Digital Infrastructure Ltd., on the London Stock Exchange in February 2021. It was given a £370 million funding cap with plans to invest in telecom infrastructure: data centers, primarily mobile-phone towers and fiber-optic networks. [5] [15] The traded fund's investors were described by The Globe & Mail as "pension plans, alternative asset managers and wealthy families from Australia, Canada, Switzerland, the U.S. and the U.K." [5] The fund's first deal was with the Czech Republic–based digital infrastructure company CRA. [12]
In early 2022, Cordiant Capital had approximately $3 billion in committed capital in its combined funds. [5]