Caisse, Desjardins invest $600 million in Quebecs small and medium businesses

The Canadian Press ~ The News
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MONTREAL - Quebec's giant pension fund manager and the Desjardins Group credit union network will invest $600 million over three years to help support the province's small and medium-sized businesses.
The fund will provide support for expansion, research and development, acquisitions and productivity under the agreement announced Tuesday.
Desjardins Group bills itself as the largest co-operative financial group in Canada, and the sixth largest in the world, with overall assets of $163 billion.
The Caisse manages funds primarily for public and private pension and insurance plans and of Dec. 31, 2008, held $120.1 billion of net assets.

Organizations: Caisse, Desjardins Group

Geographic location: Quebec, MONTREAL, Canada

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