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]
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]
Since 2015
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]
