Member Directory

The Inlandsis Fund

Email: info@inlandsisfund.com
Website: http://fondsinlandsis.com/en/home/

Office Headquarters Address:
125 boul. Charles Est, bureau 502, Quebec, Quebec Q1K 3G5

Background

Year Founded: 2017

Mission & Mandate: Financing greenhouse gas reduction projects.

Description: Inlandsis was established by Fondaction, a Quebec pension fund, and Coop Carbone in 2017 with a shared commitment to harness markets to address climate change. Fondaction is the anchor limited partner. Inlandsis finances carbon emission reduction and sequestration projects in government-regulated carbon and clean fuels markets across North America.

Sectors

– Biodiversity & Conservation
– Cleantech
– Renewable Energy
– Sustainable Food, Fisheries & Agriculture
– Sustainable Resource Management
– Sustainable Transportation & Infrastructure

Fund Characteristics

Inlandsis Fund I

AUM: up to $40 million
Vintage year: 2017
Closing year: 2017
Fund term: 10 years
Asset class: Carbon, Private equity, Real asset
Investor eligibility: Institutional, Accredited
Minimum investment: NA

Geographic scope: Pan-Canadian, United States of America
Committed capital: $40 million
Average investment size: $3.5 million
Investee type: Projects
Investment stage: Early, Mid, Late, Project development, Project construction

Inlandsis Fund II

AUM: Fundraising in progress
Vintage year: Expected 2021 – 2022
Closing year: Expected 2021 – 2022
Fund term: 10 years
Asset class: Carbon, Private equity, Real asset
Investor eligibility: Institutional, Accredited

Geographic scope: Pan-Canadian, United States of America
Committed capital: Target USD $75 million
Minimum investment into fund: USD $2 million
Average investment size: USD $5 million
Investee type: Projects
Investment stage: Early, Mid, Late, Project development, Project construction

Social & Environmental Impact

Impact Highlights

With 100% of investment capital put towards reducing GHGs, Fund I projects have reduced 4 million tonnes of GHGs and are forecast to reduce a total of 11 million tonnes. Inlandsis’ Fund II is expected to reduce over 10 million tonnes of GHGs.

Financial Impact

Total capital invested: $23 million
Number of investments made: 35
Other highlights:
– Inlandsis Fund I: Forecast Fund IRR tracking to >20%. Substantial distributions to LPs in year 4
– Inlandsis Fund II: Target net IRR of 18%

Nota Bene

Awards & Notable Achievements: Envirolys Prize for Green Economy Development
Future Projects: Inlandsis will enter new carbon and clean fuels markets as regulations and markets are established.

Success Story

Bluesource Methane ULC

Alberta, Canada | September 2018

Project name: Bluesource Methane Reduction Program
Financing: Carbon project development and operating capital

The innovative program reduces methane emissions from upstream oil & gas operations and generates offsets under Alberta’s TIER regulation. The Bluesource Methane Reduction Program has installed thousands of low-emitting pneumatic devices across Alberta and is projected to reduce over 3 million tonnes of carbon dioxide equivalent from 2017 through the end of 2022.

Learn MoreVisit Bluesource's Website

“Our program is generating high-quality reductions and helping oil & gas companies materially reduce the GHG intensity of natural gas and oil production in Alberta, and capital from the Inlandsis Fund is instrumental for accelerating the growth of our program. Inlandsis understands methane reduction projects and carbon markets, making it an ideal partner”

– Yvan Champagne, President of Bluesource Methane