"Québec's economic development is at the heart of CDPQ's mission," says CDPQ exec
CDPQ has announced its goal to increase its assets entrusted to Québec external managers to a potential $8 billion by 2028 at the QEMP Conferences and Networking event. This ambitious move aligns with CDPQ increasing its commitment to the Quebec Emerging Manager Program and its broader goal of achieving $100 billion in investments in Québec by 2026.
CDPQ intends to use these additional funds to harness Quebec's financial expertise through local talent and drive performance, innovation, and growth for the region’s asset management industry.
“Québec's economic development is at the heart of CDPQ's mission,” said Kim Thomassin, executive vice-president and head of Québec at CDPQ. “This means taking advantage of a variety of tools and expertise, including external asset management by local talent, an industry in which we want to create new partnerships and pursue our portfolio diversification strategy.”
“To increase our commitments, we want to rely on established managers that perform well in their investment universe and have the expertise needed to take advantage of new market trends over the coming years,” said Mario Therrien, head of investment funds and external management at CDPQ.
“This new ambition reflects not only our desire to continue working with emerging managers, but also to keep pace with their growth,” Therrien added.
As of June 30, 2023, CDPQ’s total net assets amounted to $424 billion.
