Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec, is teaming up with Round Hill Capital to buy residential properties in Berlin. The first purchase in the joint venture, which looks to grow a portfolio of residential assets with an initial focus on the Berlin metropolitan area, totals 362 units […]
The Caisse de dépôt et placement du Québec is investing about $128 million in further supporting Hopper, a Montreal-based travel booking app. The app, which topped 30 million installs over the past year, intends to use the funding to expand its market presence globally and continue to develop its artificial intelligence capacities, according to a press release. Hopper […]
The Ontario Municipal Employees Retirement System is acquiring California-based medical management company Paradigm Outcomes. The existing majority owner, Summit Partners, will continue to be a shareholder. Paradigm, which provides medical management to the workers’ compensation industry in the United States, is OMERS’ latest health-care investment. The pension fund has also invested in Premise Health, Forefront Dermatology, […]
One of Canada’s largest pension fund managers says trillions of dollars should be shifted into investments that will counter global warming, in part because it’s crucial to long-term profits. Michael Sabia, president and chief executive officer of the Caisse de dépôt et placement du Québec, spoke Tuesday at a roundtable discussion on sustainable finance on the eve […]
The Caisse de dépôt et placement du Québec’s executive vice-president of Quebec, Christian Dubé, is leaving the pension fund to run for the Coalition Avenir Quebec. The provincial political party confirmed to The Canadian Press that Dubé will run in the Montreal-area riding of La Prairie. He previously represented the Levis riding in the legislature between 2012 and […]
The Caisse de dépôt et placement du Québec has purchased 5.84 million additional shares in SPIE, a European multi-technical services provider. The investment, which totals more than $151 million, is in addition to shares the Caisse has been adding to since 2011, bringing its total investment in the company to more than $422 million. Read: Caisse posts […]
The Caisse de dépôt et placement du Québec’s subsidiary CDPQ Infra has reached an agreement with the Canada Infrastructure Bank for the latter to invest in Montreal’s Réseau express métropolitain light-rail project. The investment comes to $1.28 billion and completes the project’s $6.3-billion financing. “We are pleased to participate in the funding of this important public […]
The Caisse de dépôt et placement du Québec’s real estate arm is acquiring two parcels of land in Ontario, California. Ivanhoé Cambridge intends to develop the land, at a cost of more than $587 million, into Colony Commerce Center, which will consist of 11 industrial buildings, about 280,000 square metres of leasable space. Read: CPPIB […]
The Caisse de dépôt et placement du Québec has appointed Alexandre Synnett as its new executive vice-president of digital technology and operations. With eight years of experience at the pension fund, Synnett was previously senior vice-president of operations; vice-president of operations for private equity, infrastructure and data management; vice-president of data management; and associate vice-president of the […]
The Caisse de dépôt et placement du Québec posted a 3.3 per cent average return for the first half of 2018, adding $9.8 billion since the end of 2017 and bringing its net assets to $308.3 billion as of June 30, 2018. “The market environment became more complex in the first half of the year,” said Michael Sabia, […]