Investments
179Portfolio Exits
41Partners & Customers
2About Fonds de Solidarite FTQ
Fonds de Solidarite FTQ is a development capital fund company. It invests in small and medium-sized businesses. The company was founded in 1983 and is based in Montreal, Canada.
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Latest Fonds de Solidarite FTQ News
Sep 18, 2023
In the next five years, the fund manager says it aims to sign up 100,000 new shareholders who have no savings or an income below the provincial average. The Fonds de solidarite FTQ says shareholders will be able to resume lump-sum contributions in the 2024-25 fiscal year. Announced at its annual meeting as the Quebec workers’ fund manager celebrates its 40th anniversary, the lump-sum payments aim to allow more people to save for retirement after contributions were suspended during the COVID-19 pandemic. Janie Beique, CEO of the fund manager, says reinstating lump-sum contributions next year will allow it to reach even more Quebecers looking to ensure dignity in retirement. Some 40 per cent of retirees in Quebec receive the federal Guaranteed Income Supplement, which is reserved for low-income people. Advertisement In the next five years, the fund manager says it aims to sign up 100,000 new shareholders who have no savings or an income below the provincial average. Quebecers have typically been able to buy fund shares, which are eligible for the Registered Retirement Savings Plan, via lump-sum payments, preauthorized withdrawals or payroll deductions at unionized companies or government bodies. Advertisement
Fonds de Solidarite FTQ Investments
179 Investments
Fonds de Solidarite FTQ has made 179 investments. Their latest investment was in Fort Insurance & Group Benefits as part of their Unattributed on September 9, 2023.
Fonds de Solidarite FTQ Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
9/14/2023 | Unattributed | Fort Insurance & Group Benefits | Yes | 2 | ||
9/13/2023 | Series D | DalCor Pharmaceuticals | $80M | No | 2 | |
9/7/2023 | Series C | GHGSat | No | 2 | ||
3/6/2023 | Series A - II | |||||
2/21/2023 | Series B |
Date | 9/14/2023 | 9/13/2023 | 9/7/2023 | 3/6/2023 | 2/21/2023 |
|---|---|---|---|---|---|
Round | Unattributed | Series D | Series C | Series A - II | Series B |
Company | Fort Insurance & Group Benefits | DalCor Pharmaceuticals | GHGSat | ||
Amount | $80M | ||||
New? | Yes | No | No | ||
Co-Investors | |||||
Sources | 2 | 2 | 2 |
Fonds de Solidarite FTQ Portfolio Exits
41 Portfolio Exits
Fonds de Solidarite FTQ has 41 portfolio exits. Their latest portfolio exit was Inversago Pharma on August 10, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
8/10/2023 | Acquired | 4 | |||
6/28/2023 | Acq - P2P | 6 | |||
6/13/2023 | Acq - Pending | 3 | |||
Date | 8/10/2023 | 6/28/2023 | 6/13/2023 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acq - P2P | Acq - Pending | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 4 | 6 | 3 |
Fonds de Solidarite FTQ Acquisitions
19 Acquisitions
Fonds de Solidarite FTQ acquired 19 companies. Their latest acquisition was Solucycle on June 21, 2023.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
6/21/2023 | Acquired | 2 | ||||
6/21/2023 | Acquired | 2 | ||||
6/21/2023 | Acquired | 2 | ||||
10/17/2022 | ||||||
7/29/2022 |
Date | 6/21/2023 | 6/21/2023 | 6/21/2023 | 10/17/2022 | 7/29/2022 |
|---|---|---|---|---|---|
Investment Stage | |||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired | Acquired | Acquired | ||
Sources | 2 | 2 | 2 |
Fonds de Solidarite FTQ Partners & Customers
2 Partners and customers
Fonds de Solidarite FTQ has 2 strategic partners and customers. Fonds de Solidarite FTQ recently partnered with Sidex on April 4, 2018.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
4/30/2018 | Partner | Canada | Fonds de solidarité FTQ and SIDEX Join Forces to Launch FIELD-ACTION 2018 Français `` FIELD-ACTION is a transformative initiative for Québec 's junior mining companies , launched by SIDEX , a partnership with the Québec government that has been supported by the Fonds de solidarité FTQ since 2001 . | 1 | |
10/5/2012 | Partner |
Date | 4/30/2018 | 10/5/2012 |
|---|---|---|
Type | Partner | Partner |
Business Partner | ||
Country | Canada | |
News Snippet | Fonds de solidarité FTQ and SIDEX Join Forces to Launch FIELD-ACTION 2018 Français `` FIELD-ACTION is a transformative initiative for Québec 's junior mining companies , launched by SIDEX , a partnership with the Québec government that has been supported by the Fonds de solidarité FTQ since 2001 . | |
Sources | 1 |
Fonds de Solidarite FTQ Team
4 Team Members
Fonds de Solidarite FTQ has 4 team members, including current Chief Executive Officer, President, Janie Béïque.
Name | Work History | Title | Status |
|---|---|---|---|
Janie Béïque | Government of Canada, Teralys Capital, Reseau Capital, and McCarthy Tetrault | Chief Executive Officer, President | Current |
Name | Janie Béïque | |||
|---|---|---|---|---|
Work History | Government of Canada, Teralys Capital, Reseau Capital, and McCarthy Tetrault | |||
Title | Chief Executive Officer, President | |||
Status | Current |
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