Power Sustainable Manager Inc. and Great-West Lifeco Inc. (Lifeco) jointly announced that they have entered into a new long-term strategic partnership. This ongoing relationship will enable Power Sustainable to accelerate its growth and market penetration in sustainable private equity and infrastructure, while supporting Lifeco's value creation strategy as part of a responsible transition. Under the transaction, Lifeco has become a minority shareholder in Power Sustainable ?

with an ownership share of slightly below 20% on a fully diluted basis ? and has agreed to invest in certain funds across Power Sustainable's investment strategies in the coming months and years. Power Corporation of Canada remains the controlling shareholder of Power Sustainable following this transaction.

Further to this strategic partnership, Raman Srivastava has joined Power Sustainable' s Board of Directors. This new strategic partnership builds on previous collaboration between Power Sustainable and Lifeco, including Lifeco's group companies' more than $1 billion in commitments to the Power Sustainable Infrastructure Credit, North American Agri-food Private Equity and Energy Infrastructure Equity strategies.