CDPQ plans to pour $12bn into European and UK assets

One of Canada’s largest pension fund managers has revealed its intention to spend about C$15bn ($12bn) as it eyes multiple acquisitions within the UK and Europe. This is part of a larger plan to ramp up returns offshore.

Caisse de Dépôt et Placement du Québec (CDPQ), the C$400bn international funding group, has indicated that it plans to disburse the said funds into various viable ventures in Europe and the UK over the next four years.

The firm has also said it plans to prioritize the United Kingdom because of what it has referred to as its “professional enterprise” stance.

The funding supervisor has earmarked about 14% of its global portfolio and is “concentrated within the UK and France,” Charles Emond, President and Chief Government of CDPQ is quoted as saying in an interview with Monetary Occasions.

“We anticipate raising this determine within the coming years primarily attributable to alternatives we see throughout Europe for personal investments in our sectors of experience and curiosity, together with monetary companies, monetary expertise, personal credit score, infrastructure, actual property, healthcare, and the vitality transition,” Emond stated.