Caisse de dépôt's PE head Normand Provost to retire
Normand Provost, executive vice-president of private equity at Canadian pension fund manager the Caisse de dépôt et placement du Québec, has announced his retirement after 33 years of service. Provost will continue in his current role until a successor is appointed in 2014. Thereafter, he will remain with the Caisse as a strategic adviser to president and CEO Michael Sabia. The Caisse reported that its post-2009 private equity investments generated a 18.3% annualized return at the end of 2012.



