- Investment is aligned with commitment to support Québec's
financial expertise and the growth of its asset managers
- CDPQ intends to double the amount invested with Québec fund
managers by 2028
MONTRÉAL, July 31,
2024 /CNW/ - CDPQ, a global investment group,
today announced that it has invested $600 million with Fiera
Capital, a leading Québec asset management firm, as part of its
ambition to increase the funds entrusted to Québec asset managers
to $8 billion by 2028.
This investment is part of CDPQ's commitment to support
Québec's financial expertise and to stimulate growth in the local
asset management industry. Within four years, CDPQ intends on more
than doubling the amounts it entrusts to Québec fund managers. This
commitment is complementary to CDPQ's global objective of reaching
$100 billion in investments in Québec
by 2026.
The $600 million invested with
Fiera Capital will also support the firm's international expansion
and will be allocated to its Active and Strategic Fixed Income and
Fiera Atlas Global Companies strategies. In addition, CDPQ has
recently made investments in the Québec Emerging Manager
Program (QEMP), and the Investi and Inovia Capital funds. It also
entrusted sums to Québec portfolio firms including Bastion Asset
Management, Montrusco Bolton Investments and Van Berkom
Global Asset Management.
"Contributing to Québec's economic development is at the heart
of CDPQ's mission. By entrusting $600 million to Fiera
Capital, a well-established and successful manager, we are
benefiting from local financial expertise and supporting the growth
of Québec's asset management industry, while also contributing to
the diversification and performance of our portfolio," said
Vincent Delisle,
Executive Vice-President and Head of Liquid Markets at
CDPQ.
"CDPQ's renewed trust in Fiera Capital, a pillar
of Québec finance, underscores our role as an investment
leader. Fiera Capital stands out for its ability to offer optimized
portfolio solutions, combining innovation and precision in
risk and return management. Our commitment to excellence allows us
to meet the diverse needs of our clients," said Maxime Ménard,
President and CEO of Fiera Capital Canada and Global Private
Wealth.
ABOUT CDPQ
CDPQ invests constructively to generate
sustainable returns over the long term. As a global investment
group managing funds for public pension and insurance plans, CDPQ
works alongside its partners to build enterprises that drive
performance and progress. CDPQ is active in the major financial
markets, private equity, infrastructure, real estate and private
debt. As at December 31, 2023, CDPQ's
net assets totalled CAD 434 billion.
For more information, visit cdpq.com, consult our LinkedIn or
Instagram pages, or follow us on X.
CDPQ is a registered trademark owned by Caisse de dépôt et
placement du Québec and licensed for use by its
subsidiaries.
ABOUT FIERA
Fiera Capital is a leading independent
asset management firm with a growing global presence. Fiera Capital
delivers customized and multi-asset solutions across public and
private market asset classes to institutional, financial
intermediary and private wealth clients across North America, Europe and key markets in Asia. Fiera Capital's depth of expertise,
diversified investment platform and commitment to delivering
outstanding service are core to our mission of being at the
forefront of investment management science to create sustainable
wealth for clients. Fiera Capital trades under the ticker FSZ on
the Toronto Stock Exchange.
SOURCE CDPQ