Private equity currently constitutes 19 percent of CDPQ’s total portfolio, aligning with client expectations. To maintain this balance, the pension fund aims to be a net seller annually, preventing the asset class from expanding beyond the firm’s capacity.
Emond noted the importance of balancing growth without significantly increasing staff numbers.
As of December 31, CDPQ manages $473bn in net assets. The organization intends to apply a similar partnership strategy to its credit and real estate portfolios, aiming to enhance liquidity.
In recent years, according to Institutional Investor, CDPQ has actively pursued partnerships to diversify its investments.
For instance, in 2020, CDPQ formed a US$300m partnership with Piramal Asset Management Private Limited to invest in private credit opportunities in India.