CDPQ announces its ambition to reach $8 billion in funds entrusted to Québec managers by 2028

At the QEMP Conference and Networking event held today in collaboration with CDPQ, the global investment group announced its ambition to more than double the size of its assets entrusted to Québec external managers to as much as $8 billion by 2028.

This renewed ambition is in line with CDPQ’s recent announcement that it was increasing its commitment to the Quebec Emerging Manager Program (QEMP), as well as with its overall objective of reaching $100 billion in investments in Québec by 2026. With these additional funds, CDPQ is looking not only to capitalize on Québec’s financial expertise by drawing on the existing pool of local talent, but also to serve as a catalyst for performance and innovation and contribute to the growth of the asset managers industry in Quebec.

“Québec’s economic development is at the heart of CDPQ’s mission. This means taking advantage of a variety of tools and expertise, including external asset management by local talent, an industry in which we want to create new partnerships and pursue our portfolio diversification strategy.”
- Kim Thomassin, Executive Vice-President and Head of Québec

“To increase our commitments, we want to rely on established managers that perform well in their investment universe and have the expertise needed to take advantage of new market trends over the coming years. This new ambition reflects not only our desire to continue working with emerging managers, but also to keep pace with their growth.”
- Mario Therrien, Head of Investment Funds and External Management