1999–2014 Cordiant Capital was founded as a fund manager in
Montreal in 1999. With an initial investing focus on emerging market debt, Cordiant was an early signatory to the United Nation's
Principles for Responsible Investment. In 2005, the
Government of Canada created its $211 million
Canadian Investment Fund for Africa, with
Actis and Cordiant as co-managers. Cordiant was selected to manage the €500 million Infrastructure Crisis Facility-Debt Pool, Among them was the
Government of Germany, through the development bank
KfW. By 2011, Cordiant had invested around US$2 billion of the $2.2 billion it managed, and had partnered with institutions such as the
European Bank for Reconstruction and Development on diverse project types.
Since 2015 In 2015 and 2016, Cordiant was purchased from majority shareholder Ontario Teachers' Pension Plan by a new consortium of partners, including Benn Mikula and Jean-François Sauvé, who became co-CEOs and managing partners. Cordiant Capital was one of three Canadian signatories of the
Operating Principles for Impact Management investing standard. By January 2020, Cordiant had brought in Steven Marshall, former president of
American Tower, as its chairman of telecommunications, overseeing a new $350 million Cordiant fund (Cordiant IX) focused on telecoms infrastructure. Cordiant listed a new fund, Cordiant Digital Infrastructure Ltd., on the
London Stock Exchange in February 2021. It was given a £370 million funding cap with plans to invest in telecom infrastructure:
data centers, primarily mobile-phone towers and
fiber-optic networks. The traded fund's investors were described by
The Globe & Mail as "pension plans, alternative asset managers and wealthy families from Australia, Canada, Switzerland, the U.S. and the U.K." The fund's first deal was with the
Czech Republic–based digital infrastructure company CRA. In early 2022, Cordiant Capital had approximately $3 billion in committed capital in its combined funds. ==See also==