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The Solidarity Fund QFL: an Exportable Model! Yvon Bolduc CEO

The Solidarity Fund QFL: an Exportable Model! Yvon Bolduc CEO. A Bit of Geography. A leader in SME development capital, founded in 1983. A labour-sponsored investment fund created by the QFL to promote jobs in Québec by investing in small and mid-sized businesses.

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The Solidarity Fund QFL: an Exportable Model! Yvon Bolduc CEO

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  1. TheSolidarity Fund QFL: an Exportable Model!Yvon BolducCEO

  2. A Bit of Geography

  3. A leader in SME development capital, founded in 1983 • A labour-sponsored investment fund created by the QFL to promote jobs in Québec by investing in small and mid-sized businesses

  4. Figures that speak for themselves… As at November 30, 2005 Solidarity Fund QFL Net assets of US$5.6 billion InvestmentsUS$2.7 billion, 2,139 partner companies and 105,596 jobs SecuritiesUS$2.9 billion Contributions US$630 million per year on average over the last 5 years Shareholders Close to 570,000

  5. A diversified portfolio As at May 31, 2005 (fair value) Technology firms: 26% Industries and services: 74% Turnaround/consolidation:36% Expansion: 33% Start-up: 20% Mergers/acquisitions: 11%

  6. Market share 40 % 30 % 20 % 10 % Invested Capital $1,534 M $1,003 M $739 M $621 M $635 M $709 M Labour Fund (Funds, Fondaction) Corporations / Private / Other Institutions (CDP, Investissement Desjardins) Foreign Government (BDC, Innovatech, SGF) Source: Mary McDonald

  7. Our objective Québec SMEs that are able to become leaders in their industries and/or able to grow from SMEs into large companies. Our investment criteria: Financial criteria Socio-economic criteria Products and markets Management

  8. Ourgoal: to create more wealth for our partners and shareholders • Patient capital • The Fund establishes long-term partnerships • Value-added services • Help create or improve the company’s board of directors • Identify acquisition targets • Provide economic training • Flexible financial products • Productivity loan • Trademark loan • SME succession fund

  9. Conclusion

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