The Caisse de dépôt et placement du Québec and investment firm Claridge have formed a partnership to launch Claridge CDPQ Israel.
The joint venture, which will be based in Tel Aviv, is dedicated to investments in Israel’s civil technology and innovation sectors. The country is often referred to as the new Silicon Valley.
Montreal’s Claridge was founded by billionaire Charles Bronfman in 1987 and now represents the interests of the Stephen Bronfman family.
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The launch of Claridge CDPQ Israel is part of the Caisse’s strategy to establish a presence in high-growth countries with partners that have an in-depth knowledge of the market.
“Our participation in Claridge CDPQ Israel gives la Caisse access to a globally recognized hub for innovation,” says Andreas Beroutsos, the Caisse’s executive vice-president of private equity and infrastructure. “Such an environment will offer higher returns, greatly benefiting our depositors.”
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