The Caisse de dépôt et placement du Québec is acquiring US$250 million in convertible debentures from Piramal Enterprises Ltd. The Indian financial and industrial group is active in financial services, pharmaceutical development and manufacturing and health-care information management. The pension fund’s real estate subsidiary, Ivanhoé Cambridge, initially invested in the organization in 2017 through a residential real estate co-investment […]
The Caisse de dépôt et placement du Québec and the Ontario Teachers’ Pension Plan are partnering with Anurag Chandra, former chief executive officer of Prosperity Life Insurance Group, to launch Constellation Insurance Holding, a new platform focused on property and casualty and life insurer acquisitions and demutualizations. “Constellation plans to invest in stock and mutual […]
The Caisse de dépôt et placement du Québec is committing $50 million towards Quebec seed funds and is charging venture capital firm Teralys Capital with supporting the funds it invests in. Seed funds are venture capital funds dedicated to supporting new startups with financing and ongoing support. “Without a rich and dynamic startup ecosystem, there is a risk of considerably fewer […]
The Caisse de dépôt et placement du Québec’s real estate arm Ivanhoé Cambridge, along with real estate manager ICAMAP, is taking over EasyHotel, a European budget hotel chain. The hotel chain, which was started by the founder of EasyJet Airline Company Ltd., targets the super-budget segment of the market. It has a total of 39 hotels […]
The Caisse de dépôt et placement du Québec is making a US$50 million equity investment in San Francisco-based electric scooter share firm Bird Rides Inc. The organization operates electric scooters in more than 100 cities around the world. It’s currently expanding into Canada, with launches in Calgary and Edmonton earlier this year. And it undertook a 10-day […]
An alliance of the world’s largest pension funds and insurers responsible for more than US$2.4 trillion in investments is committing to carbon-neutral investment portfolios by 2050. The commitment was launched by the newly formed, United Nations-convened Net-Zero Asset Owner Alliance. It was introduced at the UN Climate Action Summit to strengthen commitments and accelerate the implementation of […]
The British Columbia Investment Management Corp., the Caisse de dépôt et placement du Québec and the Ontario Teachers’ Pension Plan are among 42 global firms acting to implement ideas to increase diversity and inclusion in investment management. This commitment to action is part of the CFA Institute’s Experimental Partners Program, which was inspired by a […]
The Canada Pension Plan Investment Board is making its first infrastructure investment in Indonesia, with the acquisition of a 45 per cent interest in PT Lintas Marga Sedaya, the concession holder and operator of the Cipali toll road, a critical link in the transportation network of the island of Java. PT Baskhara Utama Sedaya, a wholly-owned subsidiary of PT […]
The Caisse de dépôt et placement du Québec is one of several investors participating in Element AI’s $200-million Series B funding round,. The Montreal-based company, founded by Jean-François Gagné and artificial intelligence pioneer Yoshua Bengio, develops AI-powered software solutions. To date, the company has raised $340 million. The Caisse’s contribution to the round is part of its newly […]
The Caisse de dépôt et placement du Québec and Samsung Securities Ltd. are signing a memorandum of understanding for joint investments. The pension fund and the South Korean investment bank have been ramping up their global infrastructure investments, according to a press release. Through the memorandum, the two parties intend to jointly explore further infrastructure investments. Read: Caisse […]