Fixed Income

CDPQ is a major player in finance in Québec, Canada and around the world.

Our Fixed Income teams invest in a variety of debt securities across different investment horizons. They employ strategies focused on value creation while seeking diversified sources of return.

Fixed Income portfolios

$135 B

Net assets as at December 31, 2023

31%

Of CDPQ’S total portfolio

125

Specialists in our offices in Montréal, London and New York City

Our activities

Net Assets by Portfolio

 
 

Rates

We invest in the government bonds of countries with excellent credit ratings and develop various rates strategies.

Credit

We offer companies complete financing by leveraging diverse and complementary expertise as well as our extensive network.

Our professions

Our investment activities are grouped into five main specialties:


Rates and Government Debt

Management of rates and portfolios of bond securities in developed and growth markets

Corporate Credit

Private and public company securities

Real Estate Financing

Commercial mortgage loans (managed by Otéra Capital)

Infrastructure Financing 

Financing for infrastructure projects in various industries

Capital Solutions

Monetizing real and financial assets

Credit activities

Our objective

We pursue sustained long-term performance by targeting investment opportunities in various sectors. We seek to grow our credit activities in market segments with an advantageous risk-return profile.

Our investment approach

Complete solutions

Provide innovative and bespoke financing to meet our partners’ needs

Flexibility

Invest across the capital life cycle and structure by adapting to different conditions thanks to our flexible approach

Partnerships

Build quality relationships with partners who deeply understand their industry and local markets

In figures

$96.6 B

In credit markets

2017

Since the shift toward credit that began in 2017, this portfolio has more than doubled, with private debt accounting for an increasing share

25+

Years of experience in direct corporate credit

Credit

Exposure by region

 
 

Real estate debt

CDPQ India

Otéra Capital is a major institutional player in commercial real estate debt in North America and a leader in Canada. It develops innovative financing solutions tailored to the needs of its clients, including:

  • Term loans
  • Construction loans
  • Land loans
  • Bridge loans

Otéra Capital primarily offers senior loans for buildings in the multifamily, office, industrial and commercial sectors. Its goal: to create long-term value for its clients and partners.

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