Supporting Pomerleau is an example of the Caisse’s growing weight in Quebec, even as it extends its international footprint
. The pension fund had assets in Quebec worth $78-billion at the end of last year after $6.5-billion in new investments and commitments. By comparison, the size of Quebec’s economy is about $500-billion as measured by its gross domestic product.
The Caisse de dépôt held $392-billion in net assets under management at the end of June. The pension fund is unique in Canada in that it has a dual mandate of achieving an optimal return on capital while at the same time contributing to Quebec’s economic development. Roughly half of Pomerleau’s sales come from Quebec, where it has had a hand in some of the province’s largest and most iconic projects such as the Grand Théatre de Québec and the Réseau Express Métropolitain in Montreal. In Ontario, it worked on the Landsdowne Park redevelopment in Ottawa and the Burgoyne Bridge in St. Catharines. It also has a presence in“The goal is really to continue to grow, to benefit from [governments’] infrastructure and energy transition plans,” Mr.
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