Featured Partner: Caisse de dépôt et placement du Québec
Caisse de dépôt joined CRE as a partner in June 2005. The company immediately had an impact on the Center by providing partial support for the student trip to Europe in June 2005.The company was represented by Richard Dansereau, President and COO of CDP Capital-Real Estate Advisory, on December 2, 2005, at the Leaders in Real Estate class, We welcome Caisse de dépôt et placement du Québec to the CRE community.
About Caisse de dépôt
Caisse de dépôt et placement du Québec is an investment manager, chartered by Québec's legislature in 1965 to manage public pension funds. The Caisse operates primarily through six investment groups: Equities, Fixed Income, Absolute Return, Real Estate, Private Equity, and Investment Analysis and Optimization. The Absolute Return group focuses on hedge funds and asset allocation. The Caisse's real estate portfolio includes residential, retail, and office buildings; landmark properties include the Ritz Plaza in New York. Private Equity offers financing and other services for businesses in such industries as technology and communications. The Caisse has some $108 billion in assets under management.
In 2005, Caisse de dépôt et placement du Québec said it would join with two other institutional investors to acquire Hochtief AirPort Capital, which manages funds related to interests in airport operations; the group is buying the capital fund from German construction giant Hochtief, which, through subsidiaries, manages and has ownership stakes in airports in Athens; Dusseldorf, Germany; Hamburg, Germany; and Sydney.
Also in 2005, the Caisse acquired the portfolio of commercial mortgage-backed securities and collateralized debt obligation bonds from Allied Capital Corporation for $976 million. Later, the company entered an agreement with two other companies to acquire European directories business, Yellow Brick Road.
EVP, Real Estate
President, CDP Capital - Real Estate Group
Fernand Perreault oversees the CDP Capital—Real Estate Group strategies as well as portfolio management and planning, and co-ordinates the operations of member companies CDP Capital—Real Estate Advisory*, Ivanhoe Cambridge, SITQ and CDP Capital—Mortgages. With real estate and mortgage assets under management of CDN$43 billion, CDP Capital is the nation's largest landlord, holder of the largest real estate portfolio under management in Canada, and ranks in the top ten worldwide. Mr. Perreault was appointed to his current position in 1995, after eight years as President and Chief Executive Officerof SITQ, a member company of CDP Capital. In his position, he also acts as Chairman of the Board of CDP Capital—Real Estate Group's member companies.
Mr. Perreault holds a law degree from University of Ottawa. Before joining CDP Capital, he was Vice-President, Mortgage Insurance, with the Canada Mortgage and Housing Corporation (CMHC). He is active in the following organizations:Board of Trade of Metropolitan Montreal, Conseil des relations internationales de Montréal, French Chamber of Commerce in Canada, Real Estate Institute of Canada, International Council of Shopping Centres (ICSC).
* CDP Capital—Real Estate Advisory is the new company designation for Cadim (March 2003).
For additional information about Caisse de dépôt
The following links point to English-language versions of Caisse de dépôt pages
- Real Estate Products and Services
- Fernand Perreault profile
- Company Profile: Links to detailed information about all aspects of the company