Caisse de dépôt et placement du Québec, an investment group, has invested in Everstream Solutions through its subsidiary, CDPQ Revenu Fixe VIII. CDPQ has committed $150 million to Everstream for its senior financing facility.

Everstream provides a business-only fiber network that delivers business fiber services, including internet, WAN, data center connectivity and dark fiber. The transaction is part of a hybrid financing model to refinance Everstream’s credit facilities and offer capital for growth.

Caisse de dépôt et placement du Québec is an investment group managing funds for public retirement and insurance plans and is active in the major financial markets, private equity and private debt.

“Alongside financial partners who truly understand what we do and focus on Everstream’s long-term growth, we can build critical infrastructure and deploy more fiber to our business customers to create lasting value,” said Brett Lindsey, CEO, Everstream. “With the backing of a diverse group of lenders and institutional investors that includes CDPQ as part of our new debt capital arrangement, we’re excited to fuel the next stage of our growth.”