From the Business Standard
Caisse de dépôt et placement du Québec (CDPQ), the second largest pension fund in Canada after Canada Pension Plan Investment Board (CPPIB), is looking to open an office in India to invest here directly, said an executive aware of the fund manager’s plans.
CDPD, which manages $240 billion of depositors’ money, has already hired some executives and is looking for properties, the executive added. “As a large investor in major financial markets, private equity, infrastructure and real estate, CDPD could look at similar investments here.”
Earlier, it had appointed Vikram Gandhi, a former New York-based Credit Suisse executive, as an advisor for direct deal opportunities in the country.
“Most of the limited partners want to increase their exposure in India given that their comfort on Russia, and Brazil is going down,” said a senior fund manager who did not want to be quoted.