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.
Tag: Caisse de dépôt et placement du Québec (CDPQ)
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.
Pensions
CDPQ Announces 7.2% Return in 2023
Assets of the Quebec pension investment manager grew to $321.72 billion.
Manager Selection
CDPQ Extends CEO Charles Emond’s Term, Invests in Local Consultant, Japan Solar Plant
Emond, who became CEO in 2020, will remain until at least February 2029.
Pensions
CDPQ Aims to Save C$100M per Year by Bringing Real Estate Units Into Main Business
The Canadian pension giant is integrating Ivanhoé Cambridge and Otéra Capital, also announcing the April departure of Ivanhoé Cambridge CEO Nathalie Palladitcheff.
Asset Allocation
How 4 Canadian Pension Behemoths Achieved Investing Success
A research paper profiles value-enhancing deals by the likes of CDPQ and PSP.
Alternatives
Canada’s CDPQ Invests C$200M in Swedish EV Battery Developer
The investment will go toward the construction of a lithium-ion gigafactory in Quebec.
Corporate Moves
KKR, USI Insurance Buy USI Shares From CDPQ
KKR is increasing its equity in the insurance broker and consultant to continue driving long-term growth.
Asset Allocation
CDPQ Reports 4.2% Return for 1H 2023
Canada’s second-largest pension fund raised its portfolio’s asset value to C$424.2 billion.
News
Coinbase Keeps Expanding Despite Financial, Regulatory Woes
Battered crypto exchange sets up international operation, even as SEC scrutinizes its business practices.
Asset Allocation
CDPQ Reports It Is on Target to Reach Net Zero by 2050
The Québecois pension fund increased its green asset investments by C$29 billion over five years.
Pensions
Fixed Income Weighs Down CDPQ to 5.6% Loss in 2022
Canada’s second-largest pension blames loss on “worst simultaneous stock and bond market correction” in half a century.