Pitch Deck Extraction fund_overview_and_terms Response

Technical Context

• Task Name: Pitch Deck Extraction - fund_overview_and_terms
• Workflow Run ID: 28
• Timestamp: 2026-07-23T21:55:35.908Z

Grounded Intelligence Data

Fund Overview and Terms

Fund Classification and Strategy

• Formal Strategy Name: Power Sustainable Decarbonization (PSD) [Page 2], also referred to as “Our New Decarb PE Strategy” [Page 1].
• Management Company / Sponsor: Power Sustainable [Page 1, Page 2].
• Primary Asset Class: Private Equity [Page 2, Page 14].
• Strategic Focus: The strategy focuses on scaling established, lower middle-market companies that benefit from secular decarbonization trends and contribute to the decarbonization of the economy [Page 2, Page 12, Page 14].
• Target Sectors: Primarily focused on the following key sectors:
  • Energy [Page 2, Page 14].
  • Industrials [Page 2, Page 14].
  • Built environment [Page 2, Page 14].
  • Transportation [Page 2, Page 14].
• Geographic Focus: United States and Canada [Page 2, Page 14].
• Fund Classification (Open vs. Closed-End): Formulated as a closed-end private equity structure with a defined fund term [Page 14].
• Target Company Profile: Profitable companies with EBITDA up to US$30M, with a specific “sweet spot” targeting companies between US$5M and US$15M EBITDA [Page 2].
• Target Transaction Type & Ownership: Control and significant minority ownership positions [Page 2].
• Investment Size per Opportunity: Targeting equity check sizes of US$30M to US$100M per opportunity [Page 2].
• Target Portfolio Concentration: The fund expects to make approximately 10 to 12 investments [Page 2].

Key Fund Terms and Economic Structure

• Fund Currency: USD (United States Dollar) [Page 14].
• Target Fund Size: US$750 million in total commitments [Page 2, Page 12, Page 14].
• Hard Cap: Not explicitly disclosed within the preliminary marketing materials [Page 2, Page 14].
• Management Fees: 2.00% per annum on committed capital during the commitment period, and 2.00% per annum on invested capital thereafter [Page 14].
• Carried Interest: 20% of total returns [Page 14].
• Hurdle Rate / Preferred Return: 8% preferred return hurdle, calculated on a whole-of-fund basis [Page 14].
• GP Catch-up: 100% catch-up provision [Page 14].
• Distribution Waterfall Style: European-style waterfall (calculated on a whole-of-fund basis) [Page 14].
• Fund Term: 10 years from the initial closing date, subject to extension [Page 14].
• Co-investment Opportunities: Co-investment opportunities are anticipated, as indicated by sample pipeline transactions (e.g., Company A and Company B both explicitly indicate “Yes” for co-invest opportunities) [Page 7].
• GP Commitment: The specific General Partner (GP) commitment amount or percentage is not isolated; however, the fund has already secured US$330M in committed capital out of its total target [Page 2, Page 12].

Fundraising Status and Target Metrics

• Current Fundraising Status:
  • Total Fundraise Target: US$750M [Page 2, Page 12].
  • Committed Capital Already Secured: US$330M [Page 2, Page 12].
  • Target Capital from New Partners: US$420M [Page 2].
• Target Fund Returns:
  • Gross IRR Target: 25% gross IRR [Page 2, Page 14].
  • Net IRR Target: 20% net IRR [Page 2, Page 14].
  • Gross Multiple on Invested Capital (MOIC) Target: 3.0x gross MOIC [Page 14].
  • Net Multiple on Invested Capital (MOIC) Target: 2.5x net MOIC [Page 14].

Manager Maturity and Organizational Ecosystem

• Manager Classification: Transitioning to Established. Power Sustainable is an institutional-grade investment manager with multiple established platforms [Page 4].
• Platform Scale & Resources:
  • The Power Sustainable platform features 40+ centralized corporate professionals in Montreal covering functions such as Investor Solutions, Sustainability, Human Resources, Finance & Operations, Legal & Compliance, and IT/Systems [Page 4].
  • The platform hosts 30+ investment professionals across other active platforms, including Energy Infrastructure Equity, Infrastructure Credit, and Agrifood Growth Equity [Page 4].
  • Key supportive LPs and affiliates include Power Corporation of Canada, Great-West Lifeco, GBL, Sagard, IGM Financial, and Desjardins, among others [Page 8].
• Investment Leadership Experience:
  • Led by Managing Partners Karine Khatcherian and Martin Aares, who each possess 20+ years of climate and decarbonization investing experience [Page 2, Page 3].
  • The leadership functions as a “third time team,” having most recently co-led a lower middle-market buyout fund at Closed Loop Partners [Page 2, Page 3].
  • The leadership team has a combined track record prior to Power Sustainable of 50 closed, advised, or extensively diligenced deals, totaling US$17B+ in transaction volume, with an average closed deal check size of US$165M [Page 3].

Key Legal Entities, Domicile, and Risk Disclosures

• Domicile and Offices: The investment team is based in New York City (NYC-based) and Canada (Canada-based) [Page 4]. Centralized corporate functions operate out of Montreal, Canada [Page 4].
• Target Pipeline Visibility: The team has identified a priority pipeline representing US$250M of investment opportunities across 10 sample companies [Page 10].
• Regulatory Exemption & Distribution Legend:
  • The materials are marked “STRICTLY PRIVATE & CONFIDENTIAL – FOR INVESTMENT PROFESSIONAL USE ONLY” [Page 1].
  • The presentation contains explicitly clear legends stating: “The information contained in this presentation does not, in any way, constitute investment advice” [Page 2, Page 14].
• Explicit Risk Disclosures:
  • No Performance History: The strategy is explicitly noted as “newly-organized and has limited or no performance history” [Page 2, Page 12, Page 14].
  • Preliminary Terms: The presented terms are a brief summary of preliminary terms and conditions and “do not contain all terms and conditions that will be included in the definitive offering documents” [Page 2, Page 14].
  • Non-Guaranteed Returns: “The expected IRRs shown have been taken using financial models, internal Power Sustainable data, and market expectations. These returns are not guaranteed, and past performance is not an indicator of future returns” [Page 2, Page 14].
  • Unverified Track Records: Track records of the individual managing partners achieved prior to joining Power Sustainable “have been provided by the named individuals… and have not been subject to independent verification” [Page 3].