Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor based in Quebec, Canada. Established in 1965, it manages the funds of public pension plans and insurance programs in Quebec, investing in a diverse range of asset classes to generate returns for its clients. CDPQ had over CAD 420 billion (approximately USD 330 billion) in assets under management.
CDPQ operates independently and has a dual mandate to maximize returns for its clients while contributing to the economic development of Quebec. To achieve these objectives, CDPQ invests in various asset classes, including equities, fixed income, real estate, infrastructure, and private equity. Its portfolio comprises both domestic and international investments, with a strong focus on sustainable and responsible investment practices.
One of CDPQ's distinctive features is its active investment strategy, which involves taking significant stakes in companies and working closely with management to create long-term value. CDPQ often partners with other institutional investors and private equity firms to make large-scale investments, and it has a global presence, with offices in several major financial centers, including New York, London, Paris, Singapore, Sydney, and New Delhi.
In addition to its investment activities, CDPQ plays a significant role in Quebec's economic development by financing and supporting local businesses, fostering entrepreneurship, and promoting innovation. It also has a dedicated subsidiary, CDPQ Infra, which is responsible for planning, financing, and executing major infrastructure projects in Quebec, such as the Réseau express métropolitain (REM), a large-scale public transit project in the Greater Montreal area.
Governance of CDPQ is overseen by a Board of Directors, which is responsible for setting the institution's strategic direction, approving its annual budget, and monitoring its performance. The day-to-day operations are managed by a professional team of investment managers and experts led by the President and Chief Executive Officer.
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