Manager Selection
Pembroke Management Wins $181M Mandate From La Caisse
The Québec pension aims to increase its investments with managers in the province.
Tag: Caisse de dépôt et placement du Québec (CDPQ)
Pensions
La Caisse Acquires Australian Renewable Energy Company
The Québecois pension purchased Edify, which provides battery storage systems, for $725 million.
Asset Allocation
La Caisse’s Equities Portfolio Leads 4.6% First Half Return
The Québec pension fund’s asset value rose to $357.5 billion.
Pensions
CDPQ Assets Grow to $328B With 9.4% Return
In 2024, equities, private equity and infrastructure drove the Québec pension fund’s performance.
Alternatives
Canada’s CDPQ Inks Another Alternative Energy Deal
The pension fund has launched a joint venture with the Mohawk Council of Kahnawake to invest in renewable energy infrastructure.
Asset Allocation
CDPQ’s Ivanhoé Cambridge Sells 49% of News Corp. Building
The sale is the first major deal since the Québécois pension fund consolidated its real estate units.
Newsmakers
CDPQ Names Sharon White as Head of Europe
The appointment of the former John Lewis chair and Ofcom CEO is effective January 27, 2025.
Asset Allocation
CDPQ Acquires 25% Stake in Engie-Owned UK Hydroelectricity Provider
The C$452 billion pension fund bought the stake in a deal with Brookfield Asset Management.
Pensions
CDPQ to Build Forestland Portfolio in US Pacific Northwest
The Québecois pension plan will take a stake in asset manager Chinook Forest Partners as part of a new investment platform.
Pensions
CDPQ Acquires $546M Stake in Ohio Electric Utility
The Quebec pension fund’s indirect equity investment in AES Ohio is expected to close in the first half of 2025.
Asset Allocation
CDPQ, Canada Growth Fund Invest in MKB Energy Transition Fund
The funds, alongside BDC Capital and IQ, will allocate C$145 million to the MKB Partners Fund III.
Pensions
CDPQ Returns 4.2% in First Half of 2024
The returns raised the Canadian pension fund’s assets to C$452 billion, but its performance fell short of its benchmark’s 4.6% return.
Asset Allocation
CDPQ Finances $75M in Second Investment in Quebec Data Center Provider Vantage
Institutional investors are fueling momentum in data centers, which continue to grow in 2024, according to CBRE research.
Market Moves
Pension Fund-Backed M&A Deals Continue to Nosedive
Transactions in Q1 totaled just under $1.3 billion, a fraction of the $15.3 billion worth of deals during the year-ago quarter.
Newsmakers
CDPQ Promotes Otéra Capital CEO to Lead Newly Consolidated Real Estate Division
Rana Ghorayeb will oversee the pension fund’s $57 billion portfolio as it consolidates its Ivanhoé Cambridge and Otéra Capital subsidiaries.