Alexandre Décary joined the Quebec-headquartered LP in October, according to a source familiar with the matter. Décary was previously senior director, private equity at PSP, where he joined in 2015, according to his LinkedIn profile.
A spokeswoman for PSP confirmed Décary’s departure.
He led a global team of 10 professionals responsible for managing more than C$10 billion ($8 billion; €7 billion) in assets including investments, strategy, and operations, his LinkedIn profile shows. Based in Montreal, he led direct and fund investments and was a member of the pension fund’s executive committee as well as the advisory committee of various private equity firms.
It is unclear whether he has been replaced at PSP.
CDPQ has more than C$286 billion in assets under management, C$30.4 billion of which was exposed to private equity as of 31 December.
It typically invests minority equity stakes of between C$125 million and C$1 billion and has been shifting towards direct investing. In March the pension partnered with KKR to acquire US insurance brokerage and consulting firm USI Insurance Services from Onex Corporation for $4.3 billion, its first such long-term co-investment deal.
Since April its private equity business has been led by London-based Stéphane Etroy, a former Charterhouse Capital Partners investment manager.
CDPQ did not return requests for comment.