McMorgan & Company Announces Co-investment Alongside La Caisse in Innergex Renewable Energy
San Francisco, California, October 28, 2025 – McMorgan & Company (“McMorgan”) is pleased to announce the successful completion of its co-investment in Innergex Renewable Energy, expanding its platform in the energy sector through its first investment in the renewable energy space. Innergex is one of Canada’s largest renewable energy infrastructure developers and owners, with a diversified portfolio of operating assets across four proven technologies and geographies.
McMorgan completed this transaction alongside global investment group La Caisse (formerly CDPQ), the second-largest direct infrastructure investor in the world.1
“We are very proud to announce this investment made alongside La Caisse, a global leader in direct infrastructure investing, with recognized expertise in renewable energy and a long-term vision for the project,” said Luke D’Alves, Managing Director, Infrastructure. “Innergex Renewables will allow McMorgan to further its mission to deploy long-term capital into core infrastructure and protect our portfolio through high-quality, income-generating assets.”
“This co-investment reflects the strong alignment of values and interests between La Caisse and McMorgan. We see this as the foundation of a long-term partnership, built on a shared commitment to deploying constructive capital into high-quality infrastructure. Innergex is a prime example of the kind of large-scale renewable energy investment where further collaboration is possible,” said Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure and Sustainability.
McMorgan presented this investment to Limited Partners at its Infrastructure Investor Meeting held on September 30, where La Caisse participated in discussions regarding the transaction and market outlook.
About McMorgan & Company
Founded in 1969, McMorgan & Company is a leading investment management firm that seeks to empower confident investment decisions in strategies that diversify, preserve, and effectively grow capital. Today, the firm works with over 200 institutional clients comprising more than $10 billion in assets. McMorgan maintains a diverse investment platform comprised of both traditional and alternative strategies, as well as proprietary branded vehicles.
About La Caisse
At La Caisse, formerly CDPQ, we have invested for 60 years with a dual mandate: generate optimal long‑term returns for our 48 depositors, who represent over 6 million Quebecers, and contribute to Québec’s economic development.
As a global investment group, we are active in the major financial markets, private equity, infrastructure, real estate and private credit. As at June 30, 2025, La Caisse’s net assets totalled CAD 496 billion. For more information, visit lacaisse.com or consult our LinkedIn or Instagram pages.
La Caisse is a registered trademark of Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries.
