Caisse's PE group deploys $9 bln in 2018, earns 16.6 pct return

Caisse de dépôt et placement du Québec deployed more than $9 billion in the global private equity market in 2018, ending the year with net assets of $42.9 billion. PE investments generated a net return of 16.6 percent last year, exceeding a benchmark of 8.7 percent, according to the pension fund’s financial report. CDPQ has been steadily shifting its PE focus to solo deals, co-sponsorships and co-investments, Stephane Etroy, executive vice president and head of private equity, told PE Hub Canada last March. This is reflected in the 2018 report, which said direct deals currently account for three-quarters of PE portfolio activity.

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