2018 Annual Report
Quality.
Resilience.
Declining global stock markets and geopolitical uncertainties put CDPQ's portfolio to the test in 2018.
The performance generated for our depositors for one year and over five years reflects the strategy we deployed in recent years to build a robust and resilient portfolio.
Which benefits all Quebecers.
Download the 2018 Annual ReportNet assets
as at December 31, 2018
We passed the $300-billion mark in net assets in 2018 with investments around the world.
Overall portfolio geographical exposure
as at December 31, 2018
2018 results
Results over five years
Results over ten years
Highest credit ratings reaffirmed
The DBRS, Standard & Poor’s and Moody’s rating agencies have reaffirmed the credit ratings of CDPQ and CDP Financial with a stable outlook.
At the beginning of 2019, Fitch issued both an initial credit rating of AAA.
Evolution of net assets from 2009 to 2018
(in billions of dollars)
We generate sustained returns through key transactions in major asset classes.
Net assets as at December 31, 2018
Results
OVER 5 YEARS
IN 2018
Net assets as at December 31, 2018
Results
OVER 5 YEARS
IN 2018
Net assets as at December 31, 2018
Results
OVER 5 YEARS
IN 2018
We build long-term business relationships with knowledgeable partners.
CDPQ-GENERATION
Creation of a US$3-billion sustainable investment partnership with Generation Investment Management
First acquisition: FNZ, a global company working in the FinTech sector
PROLOGIS
New partnership for Ivanhoé Cambridge with the world leader in logistics real estate
Investments of US$890 million to acquire, develop and operate logistics properties in Brazil
FDN AND COLOMBIAN PENSION FUNDS
Launch of an infrastructure co-investment platform in Colombia
Long-term investments of up to US$1 billion
ARDIAN
Private equity partner since 2006
Joint acquisition of a significant equity interest in Alvest, a leading airport ground support equipment company in France
TECHEM
Interest in a consortium led by Partners Group to acquire this German company, a leader in the global market for energy sub-metering services, valued at €4.6 billion
TILLMAN INFRASTRUCTURE
Loan of US$500 million, alongside AMP Capital, to this U.S. telecommunications infrastructure owner and operator to finance the construction of cellular towers across the United States
IDI LOGISTICS
Fifty-fifty partnership between Ivanhoé Cambridge and Oxford, OMERS’ real estate division, for a total investment of $4.6 billion in this U.S. logistics company as well as in all of its assets
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We help build solid projects and strong companies that are focused on innovation and open to the world.
Total assets
in the Québec private sector
and commitments in 2018
Close to
carried out in the new economy in 2018
Close to
that are partners, including some 685 SMEs
We design and develop major infrastructure and real estate projects and we support the renewable energy sector. These sectors generate concrete benefits for Québec’s economy.
We finance and support Québec companies of all sizes in their growth projects, both in Québec and internationally.
We contribute to the development of ecosystems, support companies that will succeed in the new economy as well as promote the vitality of entrepreneurship.
PLUSGRADE
Support for this global leader in travel upgrades to enter new markets and broaden its range of products
ESPACE CDPQ | AXE IA
Launch of Espace CDPQ | Axe IA, which will house startups from innovative sectors at Mila – Québec Artificial Intelligence Institute
HOPPER
Second investment in the travel application that has experienced the fastest growth in the world to support its growth and integration of AI
METRO SUPPLY CHAIN GROUP
Investment to support the global growth of this company that plays a major role in the e-commerce value chain
RÉSEAU EXPRESS MÉTROPOLITAIN (REM)
REM construction started after selecting the consortia and closing its financing
OCEAN GROUP
Investment for this Québec City maritime company to expand its activities in Canada and around the world
We invest our depositors’ funds to benefit more than six million Quebecers.
OUR MAIN DEPOSITORS
OUR MAIN DEPOSITORS
We want to contribute to addressing society’s challenges.
At CDPQ, we believe that environmental, social and governance matters should not be seen as constraints. They are an opportunity to generate sustainable growth that benefits everyone.
Coalition of
2018 Stewardship Investing Report
Download the 2018 Stewardship Investing Report
2018 Annual Report
Detailed and complete information about the annual report can be found in PDF format.
Download the 2018 Annual Report Download the 2018 Annual Report – Additional Information
All annual reports
For details on our overall results, achievements and progress for previous years, consult our annual reports.
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