CDPQ and Samsung Securities sign a memorandum of understanding for joint investments

Samsung Securities and Caisse de dépôt et placement du Québec (CDPQ) announced, at CDPQ’s business office in Montréal, Québec, the signing of a memorandum of understanding (MOU) for joint investments.

Established in 1965, CDPQ is a global institutional investor which manages CAD 326.7 billion in net assets as at June 30, 2019.

CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt and possesses highly specialized expertise in managing a sizable portfolio in each of these sectors.

In the real asset investment segment alone, the fund has assets of over CAD 64 billion. Over the past two decades, CDPQ has executed investments in various types of infrastructure assets such as renewables, utilities, telecommunications, ports, airports and toll roads across North America, Europe, Asia and South America.

CDPQ’s infrastructure track record includes investments in Heathrow Airport, the largest airport in Europe; Eurostar, U.K.’s high-speed underwater railway; and TransGrid, a major electricity transmission operator in Australia.

Samsung Securities, South Korea’s leading investment bank and CDPQ’s MOU counterparty, has been expanding its investment activities in the global infrastructure sector. Last year, Samsung Securities successfully closed on the Dunkerque LNG equity deal involving a regasification terminal in France. It is now investing in a broader range of global infrastructure facilities such as rolling stock and airports in the U.K., European renewable power plants, etc.

Through this MOU, Samsung Securities plans to continue exploring opportunities for joint investments in partnership with CDPQ.