Caisse de dépôt et placement du Québec
La Caisse (CDPQ) is a Quebec Crown corporation that manages CAD $552 billion in net assets across five asset classes for 48 public pension and insurance plan depositors representing over 6 million Quebecers, with a global footprint of 11 offices.
- Company typePrivate
- Founded1965
- HeadquartersQuebec, Canada
- Headcount—
- GTM typeB2B
- OfferingServices
What Caisse de dépôt et placement du Québec does
Caisse de dépôt et placement du Québec (CDPQ, operating as La Caisse) is a Quebec Crown corporation founded in 1965 that manages public pension and insurance fund deposits on behalf of 48 depositors representing over 6 million Quebecers. The organization pursues a dual mandate: deliver optimal long-term investment returns to its depositors while contributing to Quebec's economic development. CDPQ invests across five asset classes — private equity, fixed income, real estate, infrastructure, and equity markets — plus third-party funds and external management. As at June 30, 2026, net assets stood at CAD $552 billion, generating 5.1% over six months, 6.4% annualized over five years, and 7.5% annualized over ten years, each exceeding depositors' 6% long-term return requirement.
CDPQ's operating model is direct institutional investing with a global footprint of 11 offices in Montreal (headquarters), Quebec City, Toronto, New York, Mexico City, São Paulo, London, Paris, New Delhi, Singapore (Asia-Pacific regional HQ), and Sydney. Wholly-owned subsidiaries include Ivanhoe Cambridge (global real estate) and CDPQ Infra (infrastructure project delivery, including the REM automated transit network and the Alto high-speed rail project between Quebec City and Toronto). The organization holds top-tier credit ratings (AAA/DBRS, AAA/S&P, Aaa/Moody's, AAA/Fitch) and was ranked #1 in Global SWF's 2026 sustainability ranking.
The business generates revenue through investment returns on its managed portfolio rather than fee-based asset management pricing. Notable recent strategic actions include the joint acquisition of Boralex with Brookfield (~30% stake, ~$9 billion enterprise value), the co-led Aeroplan minority investment with Blackstone ($2.5 billion for a 25% stake at a $10 billion valuation), the Optio Group specialty insurance MGA acquisition with Cinven, and the GO.FARM Australia agriculture platform partnership. CDPQ does not publish pricing schedules because its depositor base is contractually anchored by provincial statute.
Caisse de dépôt et placement du Québec firmographics
Firmographics- Name
- Caisse de dépôt et placement du Québec
- Legal name
- Caisse de dépôt et placement du Québec
- Website
- https://cdpq.com
- Company type
- Private
- Founded year
- 1965
- Operating status
- Operating
- Short description
- La Caisse (CDPQ) is a Quebec Crown corporation that manages CAD $552 billion in net assets across five asset classes for 48 public pension and insurance plan depositors representing over 6 million Quebecers, with a global footprint of 11 offices.
- Ownership category
- akta.pro rank
Caisse de dépôt et placement du Québec industry classification
Industry- Product category
- Institutional Investment Management
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investors, Nec (6799)
- akta.pro primary industry
- Real Assets — Social Infrastructure / PPP (Schools, Hospitals, Government Facilities) (FSAHAIAH)
- akta.pro secondary industry
- Real Estate Public-Private Partnership (PPP) & Infrastructure-Adjacent Real Estate Advisory (BPAJANAL)
Keywords
Where Caisse de dépôt et placement du Québec is headquartered
LocationHeadquarters
- HQ city
- Quebec
- HQ country
- Canada
- HQ region
- North America
Offices11 records
Markets served
Caisse de dépôt et placement du Québec business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others
Revenue model
- Investment returns on managed assets: La Caisse generates returns on its managed portfolio of CAD $552 billion (as of June 30, 2026) through diversified investment activities across public markets, private equity, infrastructure, real estate, and private credit. Returns benefit its 48 depositors representing over 6 million Quebecers, while also contributing to Québec's economic development.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Caisse de dépôt et placement du Québec product offering
Product offeringCore offering
Caisse de dépôt et placement du Québec (CDPQ / La Caisse) is a global institutional investment group that manages CAD $552 billion in net assets (as of June 30, 2026) on behalf of 48 public pension and insurance plan depositors representing over 6 million Quebecers. It invests across five core asset classes — Private Equity, Fixed Income, Real Estate, Infrastructure, and Equity Markets — supplemented by Funds and External Management, with a dual mandate of generating optimal long-term returns and contributing to Québec's economic development.
Product overview
La Caisse is a global institutional investment group managing funds for public pension and insurance plans. It operates as a single, unified investment platform organized around five core asset classes: Placements privés (Private Equity), Revenu fixe (Fixed Income), Immobilier (Real Estate), Infrastructures (Infrastructure), and Marchés boursiers (Equity Markets), supplemented by Fonds et gestion externe (Funds and External Management). Its mandate is dual: generate optimal long-term returns for its depositors while contributing to Quebec's economic development. It is not a software or technology product company; its offerings are investment management services and strategies across global financial markets, private assets, and real assets.
Differentiator
Problem solved
Functional benefit
Brands
- Ivanhoe Cambridge: Global real estate investment and asset management subsidiary of CDPQ, managing portfolios across office, retail, logistics, and residential sectors worldwide.
- CDPQ Infra
Products and services
- Placements privés (Private Equity) Private equity investments in companies across various sectors and geographies, managed both directly and through external funds, offered as one of CDPQ's five core asset classes.
- Revenu fixe (Fixed Income) Fixed income portfolio composed of credit and rates portfolios, including government and corporate debt, as well as private credit segments such as real estate finance and infrastructure financing.
- Immobilier (Real Estate) Real estate investments across multiple sectors, transitioning from an operator model to an investor model, with exposure to offices, logistics, retail, and life sciences. Managed through wholly-owned subsidiary Ivanhoe Cambridge.
- Infrastructures (Infrastructure) Infrastructure investments spanning public transportation, water and energy distribution, utilities, toll roads, airports, ports, and telecommunications. Project delivery is executed through wholly-owned subsidiary CDPQ Infra.
- Marchés boursiers (Equity Markets) Equity market investments in global stock markets, with strategic positioning in global technology and AI-related sectors, incorporating systematic management strategies.
- Fonds et gestion externe (Funds and External Management) Investments in third-party funds and external asset managers to diversify and complement direct investment capabilities.
Quantifiable outcome
- Generated 5.1% return over six months (mid-2026), 6.4% annualized over five years, and 7.5% annualized over ten years, exceeding depositors' 6% long-term return requirement
Companies that use Caisse de dépôt et placement du Québec
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
Caisse de dépôt et placement du Québec technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Caisse de dépôt et placement du Québec partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- GO.FARMcoreLa Caisse and GO.FARM launched a AUD $330 million platform to invest in permanent crops in Australia. La Caisse invested AUD $300 million in equity through a platform managed by GO.FARM, which committed an additional AUD $30 million. La Caisse also became a minority shareholder in GO.FARM, strengthening long-term alignment. Founded in 2013, GO.FARM manages approximately AUD $1.6 billion in agricultural assets in Australia.
Scale indicators11 records
Recent moves7 records
Expansion highlights6 records
Caisse de dépôt et placement du Québec competitors and assessment
Company assessmentDirect peers
- PSP Investments: Manages CAD ~$250B+ for Canadian federal public sector pension and insurance plans. Direct co-investment partner in the Aeroplan transaction alongside CDPQ, operating with identical institutional mandate.
- OMERS: OMERS manages CAD ~$130B+ for Ontario municipal employees. Direct peer as a large Canadian defined-benefit pension fund manager with global infrastructure and real estate investments.
- New Zealand Super Fund: Manages NZD ~$80B+ for New Zealand universal superannuation. Operates with similar long-term, low-turnover pension mandate and Connexa (CDPQ's NZ mobile tower investment) provides direct transactional overlap.
- British Columbia Investment Management Corporation (BCI): Manages CAD ~$250B+ for British Columbia public sector plans. Co-invested with CDPQ in the Aeroplan minority stake and is a direct comparator in Canadian Crown pension asset management.
- Ontario Teachers' Pension Plan (OTPP): Manages CAD ~$250B+ for Ontario teachers and is a direct co-investment partner with CDPQ (e.g., Connexa). Same pension-fund manager model with global infrastructure and private equity focus.
- CPP Investments: Canada Pension Plan Investment Board manages CAD ~$600B+ for the Canada Pension Plan, operating with a similar global institutional investment model across public markets, private equity, infrastructure, and real estate. Direct comparable as a Canadian Crown-mandated pension fund manager with global footprint.
- Alberta Investment Management Corporation (AIMCo): Manages CAD ~$170B+ for Alberta pension, endowment, and government funds. Another Alberta Crown pension manager with global private markets and infrastructure focus, directly comparable in mandate and scale.
Broad incumbents
- GIC (Singapore): Singapore sovereign wealth fund managing USD ~$770B+ for long-term global returns. Largest Asian sovereign peer with comparable infrastructure and private equity deployment scale and strategy.
- Norges Bank Investment Management (NBIM): Manages Norway's Government Pension Fund Global (USD ~$1.7T+, the world's largest sovereign wealth fund). Comparable in mandate as long-term institutional investor with global diversified portfolio.
- Caisse des Dépôts et Consignations: French public investment group with a similar name and statutory structure to La Caisse, managing deposits and long-term capital across real assets, private equity, and infrastructure. Direct international analogue of CDPQ's model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Caisse de dépôt et placement du Québec social profiles
Digital presenceCaisse de dépôt et placement du Québec compliance and trust
Trust signalCompliance4 records
Caisse de dépôt et placement du Québec financial estimates
Financial estimateRevenue estimate
Valuation estimate
Caisse de dépôt et placement du Québec leadership team
Management profileNumber of profiles
Profiles7 records
Caisse de dépôt et placement du Québec subsidiaries and ownership
Company hierarchySubsidiaries7 records
Caisse de dépôt et placement du Québec funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Caisse de dépôt et placement du Québec M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Caisse de dépôt et placement du Québec
What does Caisse de dépôt et placement du Québec do?
Caisse de dépôt et placement du Québec (CDPQ / La Caisse) is a global institutional investment group that manages CAD $552 billion in net assets (as of June 30, 2026) on behalf of 48 public pension and insurance plan depositors representing over 6 million Quebecers. It invests across five core asset classes — Private Equity, Fixed Income, Real Estate, Infrastructure, and Equity Markets — supplemented by Funds and External Management, with a dual mandate of generating optimal long-term returns and contributing to Québec's economic development.
Is Caisse de dépôt et placement du Québec a public or private company?
Caisse de dépôt et placement du Québec is a private company. It is classified as state government owned and is currently operating.
When was Caisse de dépôt et placement du Québec founded?
Caisse de dépôt et placement du Québec was founded in 1965.
Where is Caisse de dépôt et placement du Québec based?
Caisse de dépôt et placement du Québec is headquartered in Quebec, Canada, in the North America region.
How does Caisse de dépôt et placement du Québec make money?
One revenue line is on record: investment returns on managed assets.
Who are Caisse de dépôt et placement du Québec's main competitors?
Direct peers on record are PSP Investments, OMERS, New Zealand Super Fund, British Columbia Investment Management Corporation (BCI), Ontario Teachers' Pension Plan (OTPP), CPP Investments and Alberta Investment Management Corporation (AIMCo). Broad incumbents are GIC (Singapore), Norges Bank Investment Management (NBIM) and Caisse des Dépôts et Consignations.
Does Caisse de dépôt et placement du Québec have an API?
No public API is recorded for Caisse de dépôt et placement du Québec.
What industry is Caisse de dépôt et placement du Québec in?
Caisse de dépôt et placement du Québec's product category is Institutional Investment Management. Its primary akta.pro industry code is FSAHAIAH, Real Assets — Social Infrastructure / PPP (Schools, Hospitals, Government Facilities), with a secondary code of BPAJANAL, Real Estate Public-Private Partnership (PPP) & Infrastructure-Adjacent Real Estate Advisory. Its NAICS code is 523940 and its SIC code is 6799.