Caisse de Depot et Placement du Quebec (CDPQ), Canada's second-largest pension fund, is contemplating investing billions of dollars to increase its holdings in some of Dubai's most prized assets. The move comes as part of CDPQ's strategy to diversify its portfolio and seek attractive investment opportunities globally.
The process is part of a surge of LP portfolios that have hit the market this year as institutions look for ways to generate liquidity and explore new markets. CDPQ's potential investments in Dubai would be a significant move, indicating the fund's confidence in the region's growth prospects and long-term stability.
Canada's CDPQ has decided to halt making private deals in China and will be closing its Beijing office. This decision mirrors similar moves made by other institutional investors, such as GIC and Ontario Teachers' Pension Plan, amid geopolitical tensions and regulatory uncertainties in China.
The U.S. Treasury has formed a partnership with CDPQ, Natixis, and Ninety One to jointly invest in emerging markets' energy transition. This collaboration highlights CDPQ's commitment to sustainable investments and its active role in driving the global transition towards cleaner and more renewable energy sources.
In a portfolio rebalancing move, CDPQ has sold 10,820,837 shares of Couche-Tard, a leading convenience store operator. This strategic decision allows CDPQ to reallocate capital and potentially explore new investment opportunities that align with its investment objectives.
Last week, CDPQ made waves in the financial market by successfully selling the year's second dollar benchmark, attracting substantial interest from investors. This sale highlights the fund's ability to tap into the international capital market and effectively manage its debt issuance program.
CDPQ has achieved a significant milestone by securing the top rank in the Global Investor 50, a prestigious list showcasing the world's largest institutional investors in infrastructure. This recognition further solidifies CDPQ's reputation as a leading global investor with a strong focus on long-term, sustainable infrastructure projects.
Over the past five years, CDPQ has substantially increased its investments in green assets, amounting to a staggering C$29 billion. This significant boost in green asset investments demonstrates CDPQ's commitment to environmental sustainability and aligning its portfolio with the transition to a low-carbon economy.
