Power Sustainable Capital

Each of the four investment businesses has its own managing partner and investment committee. Jonathan Belair leads Agri-Food Private Equity (Lios); John Pires leads Energy Infrastructure Equity; Daniel Fein is the managing director for Global High-Yield Infrastructure Credit; and the Decarbonization Private Equity team reports separately. CEO Bruce Heyman sits on the firm's executive committee but daily allocation calls sit with the business-level leads.

Power Sustainable Capital is a subsidiary of Power Corporation of Canada, the Montreal-based holding company that also controls Great-West Lifeco, IGM Financial, and Putnam Investments until its 2024 sale. André Desmarais, Power Corporation's deputy chairman, serves on Power Sustainable's board. The parent provides governance infrastructure, but the firm operates its own investment committees and fund structures.

Lios, the Agri-Food Private Equity business, targets mid-market buyout and growth equity positions across the food value chain. The team's experience spans regenerative-agriculture inputs, specialty ingredients, branded CPG, and food-manufacturing distribution. Managing partner Jonathan Belair's background at McCain Foods and OMERS Private Equity biases the fund toward control and significant-minority positions where operational value creation is central.

The firm structures each of its four businesses as a direct-investment fund line. It does not market a fund-of-funds or external-manager allocation program. Within the Infrastructure Credit strategy, however, the team originates and participates in syndicated loan facilities alongside other institutional lenders, functioning as a direct lender rather than an LP.

No. Power Sustainable is a third-party asset manager raising capital from institutional investors. While it benefits from its relationship with Power Corporation and the Desmarais family's broader financial ecosystem, the firm's public pitch is to external LPs seeking exposure to decarbonization-focused alternative strategies.

The firm's mandate is explicitly decarbonization-focused, which by construction excludes traditional oil-and-gas extraction, coal-fired generation, and heavy-carbon industrial processes that lack a transition plan. Its four investment businesses cover energy transition, sustainable food systems, and low-carbon infrastructure; anything outside those themes falls outside the platform's perimeter.

The Global High-Yield Infrastructure Credit team operates from Miami with a North American focus. Managing director Daniel Fein's prior experience at I Squared Capital and Goldman Sachs was concentrated in US and Canadian power, renewables, utilities, and midstream, and the PSIC team's listed portfolio references suggest the same geography.