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 […]
The Caisse de dépôt et placement du Québec is making investments totalling $127 million to two new funds formed by iNovia Capital, a Quebec venture capital firm. Initially, the Caisse will invest $100 million towards the fund targeting growing technology companies, while the remaining $27 million will be set aside for iNovia Capital’s startup fund. Read: […]
The Caisse de dépôt et placement du Québec, together with the the Fonds de solidarité FTQ, is providing the Cirque du Soleil Entertainment Group with a US$120 million credit facility. With the new financing, Cirque du Soleil is acquiring the Works Entertainment, a U.S.-based, medium-scale theatre production company. Already a shareholder of Cirque du Soleil, the Caisse intends to […]
The real estate investing arms of the Caisse de dépôt et placement du Québec and the Ontario Municipal Employees Retirement System are teaming up to invest in the U.S.-based IDI Logistics. “We are delighted to be working with Oxford on this venture for the future success of IDI Logistics, a company which consistently builds, operates and […]
The Caisse de dépôt et placement du Québec and the government of Quebec are adding to their previous investment in electric vehicle charging company AddEnergie Technologies Inc. The Quebec-based company manufactures charging stations and develops network management software for other organizations. The Caisse and the provincial government initially invested in the business in 2016 to help it expand across Canada. […]