# Generations Fund

Generations Fund is a Government / Public Body based in Quebec City, Canada.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Quebec City, Canada
- **Region:** North America
- **Address:** Quebec City, Quebec, Canada
- **Founded:** 2022
- **Assets under management:** Undisclosed
- **Website:** https://generations.vc/
- **LinkedIn:** https://www.linkedin.com/company/generations-venture-fund
- **Wikidata:** Q972430

## Regulatory record

- **Reports private funds:** No

## About

Generations Fund is a government agency based in Quebec, Canada. It manages approximately $7 billion in assets across one fund. Its investment focus is on North America.

## Questions

### What is the source of the Generations Fund's capital?

The fund receives dedicated revenue streams set out in provincial legislation, principally water-power royalties from Hydro-Québec, mining duties, and proceeds from the sale of certain government assets. These sources are deposited into the fund each fiscal year and are compounded rather than spent on operating programs.

### Does the Generations Fund make direct investments or co-investments?

No. The fund does not make direct investments or co-investments independently. It participates proportionally in CDPQ's total portfolio, meaning its exposure mirrors the Caisse's institutional asset allocation rather than reflecting a separate direct-deal strategy.

### How large is the Generations Fund today?

Quebec's March 2024 budget reported the fund's book value at CAD 12.3 billion. CDPQ does not break out the Generations Fund's position separately in its own audited financial statements, and the fund therefore carries no independently published market value.

## Related profiles

- [Generational Equity](https://altss.com/profile/generational-equity)
- [Generations Wealth](https://altss.com/profile/generations-wealth)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/generations-fund

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