The Caisse de dépôt et placement du Québec is teaming up with New York-based non-profit Clean, Renewable and Environmental Opportunities Family Office Syndicate to allocate more towards climate-related investments. The partnership is consistent with the Caisse’s commitment to leverage knowledge of best practices and market intelligence with other investors seeking new opportunities around climate change, according to […]
The Caisse de dépôt et placement du Québec and French utility company Engie are buying a combined 90 per cent stake in Brazilian oil and gas transportation network company Transportadora Associada de Gás S.A. for US$8.6 billion. The new arrangement, which gives Engie a 58.5 per cent stake in TAG and the Caisse the remaining 31.5 per cent, was the result […]
After exceeding its target for low-carbon assets in 2018, the Caisse de dépôt et placement du Québec is now aiming to boost its low-carbon holdings to $32 billion by 2020, according to its second annual stewardship investing report. In 2017, the pension fund started with $18 billion in low-carbon assets in its portfolio and raised that to […]
The Caisse de dépôt et placement du Québec is acquiring a 30 per cent stake in a subsidiary of U.S. communications infrastructure firm Vertical Bridge Holdings. Established in 2014, Vertical Bridge currently has more than 266,000 sites, including 16,000 towers it owns or master leases. The firm intends to use the investment to prepare for 5G deployment by […]
OMERS Ventures, the venture capital investment arm of the Ontario Municipal Employees Retirement System, is expanding into Europe with the launch of a 300 million euro fund. Focusing on innovative technology startups, the fund’s aim is to support a multi-year global strategy for OMERS, following a major uptick in startup activity in Europe, according to a release. […]
The Caisse de dépôt et placement du Québec has created a fund worth $250 million dedicated to artificial intelligence and Quebec businesses with a proven track record in AI. The fund’s aim is to increase growth in businesses offering products based on AI and to accelerate the commercialization of these solutions. “Since Montreal is emerging as a […]
The Caisse de dépôt et placement du Québec has led a series D financing totalling US$150 million for Mofang Apartments, an institutional rental company based in Shanghai, China. “As a long-term investor, [the Caisse] seeks to be a constructive shareholder, working together with the management and partners to build good companies,” said Meng Ann Lim, […]
The Caisse de dépôt et placement du Québec is investing about US$250 million in ECL Finance Ltd., the non-banking arm of Edelweiss Financial Services. The investment is intended to enable ECL Finance to capitalize on opportunities in the credit market and bolster the group in capturing opportunities in the non-banking financial company space, according to a press […]
The Caisse de dépôt et placement du Québec, along with Altas Partners, is selling Capital Vision Services. West Street Capital Partners VII, a fund managed by Goldman Sachs’ merchant banking division, will be taking on the U.S. company, which provides management services for MyEyeDr.’s optometry practices. Read: AIMCo investing in Alberta pipeline, Caisse taking on shares in mining company “CVS […]
The Caisse de dépôt et placement du Québec ended 2018 with a return of 4.2 per cent, beating its benchmark portfolio, which returned 2.4 per cent, and bringing the portfolio to a net asset total of $309.5 billion. “In 2018, our investment strategy was put to the test. For the first time in several years, global stock […]