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Perspective, Podcast
18 February 2022

Fondaction's Pierre-Laurent Macridis on impact investing in Canada


Associate Principal, Private, Alternative & Impact Investments at Fondaction, Pierre-Laurent Macridis, speaks to Uxolo about impact investing in Quebec, their funds, and the importance of collaborations.

Pierre introduces Fondaction and its mandate to do sustainable development in Quebec (00:20), why and how they carry out structural investments and raise funds (02:40), the long process of creating vehicles like SOFIAC, which took four years to be established (07:30), the complexity of measuring the impact of their funds and putting efforts into building a team for impact measurement and management (08:50). 

The opportunity cost of blended finance and dealing with the added layer of complexity involved in these transactions (12:40), the potential for the growth of impact investing and how Fondaction has gotten quicker at fund creation (18:33), the company’s focus on developed markets and making a foray into the emerging markets in Latin America (21:15), the importance of collaboration and communication within the impact investing space (23:06). 

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