LP profile

La Caisse

Pension fund · Founded 1965 · Montreal, Canada

$324B assets under management5% to venture · ~$16B

Website ↗LinkedIn ↗X / Twitter ↗

Canadian fund management company focused on retirement plans and insurance policies

274 funds backed Pension fund · $324B AUM · 5% to VC · LP rank #13 · 82 direct holdings · Last investment 7/2026

Funds backed 274

Power Law funds backed 27

Direct holdings 82 ↑ 38% 5y

Power Law #13LP Ranking · #6 of 121 pension funds

Background

Who La Caisse is.

Where the institution came from, whose capital it manages, and how that capital is allocated — from Dealroom's LP research.

Historical Background

Caisse de dépôt et placement du Québec (CDPQ) was established in 1965 by an act of the National Assembly of Québec.
Its initial mandate was to manage the funds of the Québec Pension Plan.
In 2016, its subsidiary CDPQ Infra proposed the Réseau express métropolitain (REM), a 67-km automated light metro network in the Greater Montréal area, marking a significant move into large-scale infrastructure development.

Source of Capital

CDPQ is an institutional investor that manages the funds of several public and parapublic pension plans and insurance programs in Québec.
It pools the capital of 42 depositor groups, investing it to generate returns for the beneficiaries of these plans.

Major Events

The organization has recently rebranded and now operates under the name La Caisse.
Coinciding with the rebranding, the fund's real estate portfolio, Ivanhoé Cambridge, will also operate under the La Caisse name as part of a restructuring.

Allocation Strategy

The firm invests across a wide range of asset classes, including public equity, private equity, infrastructure, real estate, and private debt.
It maintains a global presence, with activities in major financial markets around the world.
The stated investment philosophy is to act as a constructive source of capital to generate sustainable, long-term returns.

Sources

Fund commitments

The funds La Caisse backs.

La Caisse is a limited partner in 274 funds. 27 of them place in the Power Law Investor Ranking, and the best-ranked are shown here.

Lightspeed Venture Partners

United States

#7 Power Law

New Enterprise Associates

Tiger Global Management

Exits

La Caisse’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from La Caisse’s transaction record.

CoreWeave

$23B IPO · 2025

Now $72BHosting

Mahindra & Mahindra

IPO · 1999

Now $67BEnergy

Intact Financial Corporation

IPO · 2004

Now $40BFintech

Bombardier

IPO · 1999

Now $29BTransportation

WSP Global

IPO · 2011

Now $24BEnergy

Gildan

IPO · 1998

Now $15BFashion

Saputo

IPO · 1997

Now $14BFood

Adevinta

$6.2B IPO · 2019

Now $13BEnterprise Software

NEXTDC

IPO · 2010

Now $8.0BTelecom

Innergex

IPO · 2007

Now $6.9BEnergy

Sedgwick

$6.7B acquisition · 2018

Entered Series B+Fintech

Boralex

IPO · 1999

Now $6.0BEnergy

Direct investments

The companies La Caisse backs directly.

La Caisse holds 82 companies directly, separate from the funds it commits to as a limited partner. The 12 largest by total funding are shown.

Vantage Data Centers

Hosting · USA

$15B valuation Decacorn

$20B valuation Decacorn

CoreWeave

Hosting · USA

$72B valuation Decacorn

Enterprise Software · UK

$12B valuation Decacorn

Redaptive

Real Estate · USA

$1.0B valuation Unicorn

AppDirect

Marketing · USA

$1.5B valuation Unicorn

Nesto

Fintech · Canada

$1.1B valuation Unicorn

How those direct holdings break down by headquarters country, sector, entry stage and current growth stage. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount

Canada83
USA43
UK9
India8
France4
Australia3
Germany3
Mexico3
Brazil2
Spain2
Belgium1
China1

By sectorCount

Energy31
Enterprise Software23
Fintech19
Real Estate18
Transportation17
Health14
Security9
Telecom9
Food7
Hosting6
Jobs Recruitment6
Media5

By stage enteredCount

Series B+81
Series A13
Seed1

By growth stageCount

Late Growth60
Mature41
Breakout Stage40
Early Growth28

Portfolio market map

Inside La Caisse’s portfolio.

The 60 highest-funded portfolio companies, of 82 tracked.

Enterprise Software · Decacorn

$12B

Redaptive

Real Estate · Unicorn

Enterprise Software · Decacorn

Renewa (Formerly Paloma Solar & Wind)

Synex Business Performance

Real Estate · Unicorn

Real Estate · Unicorn

Real Estate · Unicorn

$2.0B

Intact Financial Corporation

Portfolio founders

Where La Caisse’s portfolio founders come from.

84 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount

United States30
Canada24
United Kingdom7
India3
Japan3
Sweden3
Germany2
Hong Kong2
France1
Mexico1

UniversityCount

McGill University7
HEC Paris4
Harvard University3
Laval University3
ETS University2
Harvard Business School2
HEG2
University of California, Berkeley2
University of Waterloo2
Amherst College1

Previous companyCount

McKinsey & Company3
Accenture2
AT&T2
Bestar2
CenturyLink2
Hudson Ridge Asset Management2
Jumia Group2
Microsoft2
Novatix2
Persistent Systems2

How La Caisse stacks up

Other LPs.

Other pension funds in the Power Law LP ranking, closest to La Caisse by combined power-law score — North America first, then the nearest worldwide.

🇺🇸

CalPERS

LP rank #1 · United States

$460B AUM 202 VC funds backed

🇺🇸

HP Incorporated Master Trust

LP rank #5 · United States

$13B AUM 48 VC funds backed

🇺🇸

Retirement Plan of Duke University

LP rank #9 · United States

$8.5B AUM 65 VC funds backed

🇺🇸

SBC Master Pension Trust

LP rank #10 · United States

$58B AUM 74 VC funds backed

🇺🇸

Operating Engineers Trust Fund of Washington D.C. and Vicinity

LP rank #12 · United States

$1.5B AUM 51 VC funds backed

🇺🇸

Liberty Mutual Retirement Benefit Plan

LP rank #14 · United States

$100B AUM 51 VC funds backed

🇺🇸

University of California Board of Regents

LP rank #18 · United States

$152B AUM 56 VC funds backed

🇺🇸

Lucent Technologies Master Pension Trust

LP rank #22 · United States

$13B AUM 44 VC funds backed

Key people

Key people at La Caisse.

Stephanie Renauld, MBA, CPA

Director

Charles Cormier

Director

Raphaël Viens Côté, CPHR-Lawyer

Sarah-Émilie Bouchard

Chief of Staff

Stephane Oury

Senior Technology and Innovation Portfolio Manager, Managing Director

Patrick O'Malley

Director

Source: Dealroom next-gen API — investor team endpoint.

Figures on this page are sourced live from the Dealroom next-gen API, joined with Dealroom’s cap-table dataset (estimated holdings) and the Power Law Investor Ranking. News in “Featured in” is drawn from Dealroom’s own coverage — the stories that name this investor, not only those it is the subject of. Market sentiment is omitted until the API exposes it.