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
Net assets as at December 31, 2023
31%
Of CDPQ’S total portfolio
125
Specialists in our offices in Montréal, London and New
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
Milestones in our track record
Leadership team
Vincent Delisle
Executive Vice-President
and Head of Liquid Markets
Marc Cormier
Executive Vice-President
and Head of Fixed Income
François Duquette
Managing Director, Capital Solutions
CDPQ Fixed Income Inc.
Jamila Ladjimi
Managing Director, Investment transformation strategy
CDPQ Fixed Income Inc.
François Lagarde
Managing Director, Rates and Government Debt
CDPQ Fixed Income Inc.
Jérôme Marquis
Managing Director and Head of Corporate Credit
CDPQ Fixed Income Inc.
Luis Mayans
Partner and Deputy Head, Private Debt
CDPQ London
Marie-Noël Ouellet
Managing Director, Infrastructure Financing
CDPQ Fixed Income Inc.
Nicolas Rouault
Managing Director, Strategy and Development
CDPQ Fixed Income Inc.
James Ruane
Managing Director, Capital Solutions, International
CDPQ London
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
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
In figures
$96.6
In credit markets
2017
Since the shift toward credit that began in
25+
Years of experience in direct corporate credit
Credit
Exposure by region
Some examples of financing
Maple Aviation Company Holdings
NextGen aircraft financing platform
Global
USD 1.5 B in financing over 3 years
Maestria Condominiums
Residential development
Québec
$166 million in senior financing alongside partners for construction
Phoenix Tower International
Telecommunications
United States
USD 940 million with partners to support its international expansion
Waller Creek
Mixed-use building
United States
USD 540-million loan as part of USD 675 million in financing for construction
Atrys Health
Health care
Europe
Participation in a EUR 180-million financing round
EVAL
Aircraft leasing and financing platform
Global
USD 2 billion in financing for cargo and current technology aircraft
Real estate debt
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.