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future.",{"page":266},[267],{"localized":268,"id":234,"title":235,"dateCreated":237,"typeHandle":270,"postDate":238,"cRelatedTopic":271,"cPageBuilderPressRelease":273,"seomatic":288},[269],{"id":234,"slug":236},"cPressReleaseSingle",[272],{"id":230,"title":231},[274],{"typeHandle":275,"id":276,"title":235,"cId":28,"image":277,"cContentSection":278},"cBlockContent","13015",[],[279],{"id":280,"title":281,"cContentElements":282},"13016","Montréal, Quebec, July 22, 2026",[283],{"id":284,"typeHandle":285,"cTitle":28,"cWysiwyg":286,"cLink":287},"13017","cContentWysiwyg","\u003Cp>Canada Growth Fund Inc. (\"\u003Cstrong>CGF\u003C\u002Fstrong>\") is pleased to announce an anchor commitment alongside other institutional investors to Idealist Capital Fund II LP (the “\u003Cstrong>Fund\u003C\u002Fstrong>”), the second growth equity vehicle managed by Montréal-based Idealist Capital (“\u003Cstrong>Idealist\u003C\u002Fstrong>”). CGF has committed $75 million, alongside other institutional investors, family offices, and private investors.\u003C\u002Fp>\u003Cp> \u003C\u002Fp>\u003Cp>The Fund will back commercialization-stage Canadian companies developing products, technologies and services aimed at helping advance the energy transition, with a focus on energy efficiency, resource optimization, low-carbon mobility, agricultural resiliency, and a circular economy.\u003C\u002Fp>\u003Cp> \u003C\u002Fp>\u003Cp>This commitment to a subsequent fund builds on CGF’s $50 million commitment to Idealist’s inaugural Fundin 2024, the first fund investment under CGF’s cleantech funds strategy. Since then, Idealist has established itself as one of Canada’s most active growth equity managers in the energy transition, leading financing rounds in companies such as dcbel and Solugen, in which CGF is a co-investor.\u003C\u002Fp>\u003Cp> \u003C\u002Fp>\u003Cp>“With this re-up to Idealist, CGF is reinforcing its commitment to a proven Canadian manager that has demonstrated the ability to lead growth equity financings for Canadian cleantech companies, and provide valuable support and insights to founders and management teams,” said Yannick Beaudoin, President and Chief Executive Officer of Canada Growth Fund Investment Management. “Alongside other partners, we are mobilizing private and public capital to help close a persistent gap in growth-stage equity and accelerate the development of Canadian technologies.”\u003C\u002Fp>\u003Cp> \u003C\u002Fp>\u003Cp>CGF’s cleantech funds strategy is designed to build a durable ecosystem of Canadian growth equity managers capable of scaling the country’s most promising cleantech companies. By anchoring a select group of high-conviction funds, CGF helps them reach their target fund size, expand their capacity to lead larger transactions, and mobilize additional private capital into these platforms. This approach strengthens the domestic capital chain, deepens Canada’s growth-stage investment ecosystem, and ensures more Canadian cleantech leaders can scale domestically.\u003C\u002Fp>\u003Cp> \u003C\u002Fp>\u003Cp>\u003Cstrong>About Canada Growth Fund \u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>CGF is a $15 billion arm’s-length investment vehicle designed to attract private capital to build Canada’s clean economy. It uses investment instruments that absorb certain risks to catalyze private investment in low-carbon projects, technologies, businesses, and supply chains. Visit \u003Ca href=\"http:\u002F\u002Fwww.cgf-fcc.ca\">http:\u002F\u002Fwww.cgf-fcc.ca\u003C\u002Fa> for more information.\u003C\u002Fp>\u003Cp> \u003C\u002Fp>\u003Cp>For CGF’s Media relations, contact \u003Ca href=\"mailto:mediacgf@cgf-fcc.ca\">mediacgf@cgf-fcc.ca\u003C\u002Fa>.\u003C\u002Fp>\u003Cp> \u003C\u002Fp>\u003Cp>\u003Cstrong>About Canada Growth Fund Investment Management\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>In Budget 2023, the Government of Canada appointed PSP Investments, through a wholly owned subsidiary, to act as the asset manager for CGF. CGFIM serves as the independent and exclusive asset manager for CGF.\u003C\u002Fp>\u003Cp> \u003C\u002Fp>\u003Cp>\u003Cstrong>About Idealist Capital\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Idealist Capital is a growth-oriented private equity firm committed to building a better future. It invests in and partners with entrepreneurs who are reshaping industries through innovation – accelerating the transition to a resilient economy, improving efficiency, and reducing waste. 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