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.

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Key figures

$42.9 B

Net assets in the Private Equity portfolio as at December 31, 2018

13.9%

Of CDPQ’s overall portfolio

75%

Portion of direct investment activities in the portfolio

TOP 10

Among the 10 largest investors in the world, based on annual private equity commitments

Our exposure

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PRIVATE EQUITY BY GEOGRAPHY

As at December 31, 2017*

 
*Data as at December 31, 2018 will be available
when the annual report is published (April 2019)
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PRIVATE EQUITY BY SECTOR

As at December 31, 2017*

 
*Data as at December 31, 2018 will be available
when the annual report is published (April 2019)
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Our objective
Our objective

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.
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Management team

Québec Investments

We are a leading stakeholder in Québec-based private equity. Our Québec Private Equity team has developed unique expertise and a financing offer which includes strategic benefits for Québec companies.

For more information on our Québec investments

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Selected direct investments

Selected investment partners

  • Logo KKR
    1. United States and Europe
    2. Credit and private equity
    3. Since 2015
  • Logo Blackstone
    1. Global scale
    2. Credit and private equity
    3. Since 2014
  • Logo CD&R
    1. United States and Europe
    2. Private equity
    3. Since 2005
  • Logo Ardian
    1. Global scale
    2. Private equity
    3. Since 1996
  • Logo SilverLake
    1. Global scale
    2. Private equity
    3. Since 1999