Caisse de dépôt et placement du Québec (CDPQ), one of the largest pension investors in Canada with C$326 billion ($246.39 billion) under management, is looking to more-than-double its allocation to infrastructure in the next several years, Reuters reports.
The pension fund currently allocates 7 percent to infrastructure and has 25 portfolio companies and seven offices for infrastructure, Emmanuel Jaclot, head of infrastructure at CDPQ told Reuters. It is looking to boost that allocation to as much as 15 percent over the next four years.
“Transport is going to remain at between a third and a half of what we do, and the rest is going to be energy and renewables,” said Jaclot.
CDPQ currently owns a 13 percent stake in Britain’s Heathrow Airport and a 30 percent stake in the Eurostar train system that connects London to Paris and Amsterdam.
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