Private Equity
CDPQ is a major Québec and global private equity investor, with more than 45 years of sector experience. Our teams have cutting-edge expertise, primarily as direct investors and as fund partners.
We invest in a broad range of sectors worldwide, with a focus on Canada, the United States and Europe.
Key figures
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$42.9 B
Net assets in the Private Equity portfolio as at December 31, 2018
-
13.9%
Of CDPQ’s overall portfolio
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75%
Portion of direct investment activities in the portfolio
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TOP 10
Among the 10 largest investors in the world, based on annual private equity commitments
Our exposure
As at December 31, 2018
As at December 31, 2018
CDPQ’s long-term goal is for our private equity investment portfolio to outperform the stock markets. Our investments typically constitute minority equity stakes of between CAD 125 million and 1 billion.
Our investment approach
- Create long-term value
- Focus on quality partnerships
- Be an active, not an activist, shareholder
Our value-added
Our commitment to the companies in our portfolio goes beyond financing. We can help them improve operational efficiency by:
- Participating in their governance
- Supporting the leadership teams in certain projects
- Creating high-level development stratégies and supporting their implementation
- Providing privileged access to our resources, networks and expertise
What we look for
- Strongly aligned interests
We work closely with the management teams, with company founders and family-owned companies, but also with majority or minority investors. - Companies with a well-defined strategy
In addition to showing strong growth potential, the companies in which we invest demonstrate long-term vision. - Active ownership and appropriate governance
We do not seek to have controlling interests in companies. We exercise our influence through our presence on boards of directors and through our interaction with management teams.
Management team
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Executive Vice-President, Québec,
Private Equity and Strategic Planning -
Managing Director, Direct Private Equity, North America and Latin America
(Montréal) -
Managing Director, Funds, Private Equity
(Montréal) -
Managing Director, Strategy and Execution
(Montréal) -
Managing Director and Operating Partner,
Private Equity, North America, CDPQ US (New York) -
Managing Director, Direct Private Equity, Asia Pacific
CDPQ Singapore -
Managing Director, Funds, Private Equity
CDPQ London -
Managing Director and Operating Partner, Private Equity, Europe
CDPQ London
Québec Investments
We are a leading stakeholder in Québec-based private equity. Our Québec investment team has developed unique expertise and a financing offer which includes strategic benefits for Québec companies.
For more information on our Québec investments
Selected direct investments
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- Europe and United States
- Testing laboratory services
- Since 2016
- €200 million
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- United States
- Advisory firm
- Since 2016
- Interest in the firm alongside strategic partners
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- Europe
- Engineering services
- Since 2011
- €270 million
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- Mexico
- Production and distribution of generic drugs
- Since 2019
- USD 500 million
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- India
- Logistics
- Since 2016
- USD 155 million
-
- Australia
- Insurance
- Since 2016
- 44% interest
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- Europe
- Residential property management
- Since 2016
- Significant minority interest
-
- India
- Specialized corporate finance
- Since 2016
- 20% interest and USD 600 million over 4 years
Selected investment partners
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- United States and Europe
- Credit and private equity
- Since 2015
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- Global scale
- Credit and private equity
- Since 2014
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- United States and Europe
- Private equity
- Since 2005
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- Global scale
- Private equity
- Since 1996
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- Global scale
- Private equity
- Since 1999