Second Canadian Pension Fund Looks to Open India Office


In September, Canada’s largest pension fund, the Pension Plan Investment Board, announced plans to open an office in India and to invest $6 billion in the country by 2022.

Now, the second largest Canadian pension fund is following suit: Caisse de dépôt et placement du Québec, says it is making plans to open an India office and make direct investments in the country.

More from the Business-Standard:

CDPQ, which manages $240 billion of depositors’ money, has already hired some executives and is looking for properties, the executive said.

“As a large investor in major financial markets, private equity, infrastructure and real estate, globally, they could look at similar investments here,” said the [pension fund] executive.

Incidentally, CDPQ’s real estate arm Ivanhoe Cambridge entered India in 2007 shut its office in 2011 and CDPQ’s PE arm SITQ also shelved its plans to invest in Indian real estate as it could not find right opportunities,

Set up in 1965, the CDPQ is one of the largest institutional fund managers in Canada and North America. The leading private equity investor in Canada, it is also one of the 10 largest real estate asset managers in the world.

A mail sent to CDPQ did not elicit any response.

For its part, CPPIB has invested at least $1.2 billion in India since 2010.


Photo credit: “Asia Globe NASA”. Licensed under Public domain via Wikimedia Commons

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