LP profile · Pension fund
CDPQ
CDPQ is a pension fund headquartered in Canada (North America). Ranked #13 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
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
- https://www.cdpq.com/en/about-us/history
- https://www.thecanadianencyclopedia.ca/en/article/caisse-de-depot-et-placement-du-quebec
- https://en.wikipedia.org/wiki/Caisse_de_d%C3%A9p%C3%B4t_et_placement_du_Qu%C3%A9bec
- https://www.marketsgroup.org/news/cdpq-rebrands-under-la-caisse
- https://www.cdpq.com/en/about-us