![Caisse launches infrastructure co-investment platform in Colombia](https://www.benefitscanada.com/wp-content/uploads/sites/7/2017/02/Infrastructure-iStock.png)
The Caisse de dépôt et placement du Québec, along with the Republic of Colombia and infrastructure financier Financiera de Desarrollo Nacional, is launching an infrastructure co-investment platform.
“We are very pleased to invest in Colombia with the private capital fund created by the FDN and pension fund administrators,” said Michael Sabia, president and chief executive officer of the Caisse, in a press release. “This partnership combines our partners’ market knowledge with our expertise in infrastructure. We believe that together, we can find the best investment opportunities in a variety of sectors, generate returns for our respective pensioners and at the same time contribute to economic growth in Colombia”
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The FDN and Colombia’s pension fund administrators are contributing US$490 million to the partnership, while the Caisse is contributing US$510 million. Each investment will be a minimum of US$50 million between the parties.
“With this private fund, capital will be invested in infrastructure, with the support of all Colombian pension fund administrators, who will be able to make long-term equity investments in projects and companies, hand-in-hand with a professional, highly reputable investor and global leader in infrastructure investment, CDPQ,” said Clemente Del Valle, president of the FDN. “This is a leap for the country in the field of infrastructure financing.”
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