Fixed Income
CDPQ has extensive experience managing bond portfolios, with 25 years in direct corporate credit.
Our Fixed Income teams invest in a variety of debt securities and derivatives, which are diversified across different investment horizons. They leverage broad knowledge and expertise to generate long-term value.
Fixed Income portfolios
$110.2 B
Net assets as at December 31, 2020
30.5%
Of CDPQ’s total portfolio
$74.2 B
In credit markets
Our core areas
Our investment activities are grouped together
into four main areas
Sovereign Credit
Developed and growth markets
Real Estate Debt
Commercial mortgages (managed by our subsidiary Otéra Capital)
Corporate Credit
Private and public companies
Infrastructure Financing
Financing infrastructure projects in various sectors
Our fixed income investments aim to generate stable and predictive returns over the long term. These lower risk assets play a key role in CDPQ’s portfolio construction, notably in managing liquidity. In recent years, the proportion of our credit activities were increased to diversify sources of return.
Our investment approach
- Target a long-term investment horizon
- Provide complete solutions by focusing on our agility and our resources
- Propose financing adapted to the needs of our partners
- Establish partnerships at the global level
Management team
Selected investments
Lightsource BP
Solar power
United Kingdom
$260 million to create a financing platform for 100 solar assets
Mont Sainte-Marguerite
Wind energy
Chaudière-Appalaches
$90 million for the development of a wind farm
Maestria Condominiums
MIXED-USE RESIDENTIAL
Montréal, Canada
$166 million in senior financing alongside partners for construction
Line 5 Condos
RESIDENTIAL
Toronto, Canada
$328 million in senior financing alongside partners for construction
Our real estate debt subsidiary
Otéra Capital is one of Canada’s largest commercial real estate lenders and possesses extensive experience in the Canadian market. Its products and services include term, interim and construction loans, as well as the arrangement of loan syndications. It is also active in:
- Acquiring and selling loan portfolios
- Acquiring mortgage bonds
- Asset management
- Loan administration
This expertise allows Otéra Capital to offer borrowers a complete range of commercial real estate lending services.