Through a consortium, CPEG becomes a partner of the Caisse de dépôt et placement du Québec, the world’s leading institutional investor in infrastructure

8 May 2024

Initiator alongside Retraites Populaires of a consortium of Swiss institutional investors, including pension and insurance funds, the Caisse de Prévoyance de l’Etat de Genève (CPEG) has established a partnership with the Caisse de dépôt et placement du Quebec (CDPQ), a global investment group and the largest institutional investor in infrastructure worldwide, with a view to developing co-investments in infrastructure.

This partnership was possible thanks to InPact Partners and its Swiss subsidiary, a company specializing in private markets.

This merger represents the culmination of a major strategic approach for the Consortium which, in addition to the CPEG, brings together major players in welfare such as Retraites Populaires, the Center Patronal, the CPEF, Prévoyance Santé Valais PRESV and the fund ICRC pension. By giving them access to sustainable and strategic investments, it will strengthen their commitment to responsible investments and their ability to generate long-term value.

Expertise and global network

The partnership will materialize through indirect participation in infrastructure investments. In fact, CDPQ’s expertise and global network combined with the Consortium’s capital will favor the completion of larger-scale transactions in this key sector.

“This partnership illustrates CPEG’s desire to collaborate with renowned players in specific asset classes, by networking our skills, values ​​and know-how. The objective remains: to create long-term value for our policyholders and actively contribute to the transition of the economy towards a more sustainable world,” declared Christophe Decor, general director of CPEG.

A relevant alliance in the current context

This strategic alliance is all the more relevant in the current context, where institutional investors are increasingly seeking to channel their capital towards assets offering protection against inflation, stable income and positive impacts on the environmental and social. Emmanuel Jaclot, First Vice-President and Head of Infrastructure at CDPQ, explains: “This co-investment partnership is based on common values ​​and a great convergence of interests. CDPQ will be able to use this capital in addition to its own to finance larger transactions in the infrastructure field.

Source: CPEG - Caisse de prévoyance de l'Etat de Genève