Caisse de dépôt invests $150 mln in insurer La Capitale

Caisse de dépôt et placement du Québec has provided $150 million in financing to La Capitale Financial Group, a Québec City-based mutual insurance company. The deal will support La Capitale's growth and strategic development plan. Founded in 1941, La Capitale, which oversees $6.4 billion in assets, operates in the personal and property and casualty insurance sectors. The Caisse has recently invested in a number of insurance companies, including U.K-based Hyperion Insurance Group, which secured over US$400 million from the pension fund this month.

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