CDPQ Said to Explore Sale of $2 Billion in Private Equity Stakes

Pension manager recently sold around $1 billion in fund stakes
Investors seek to offload private holdings to free up cash

The Caisse de Depot et Placement du Quebec (CDPQ) headquarters in Montreal, Quebec, Canada, on Thursday, Feb. 24, 2022. CDPQ is exploring the sale of as much as $2 billion of private equity assets in the secondary market to free up cash for other investments, according to people familiar with the matter. — The Caisse de Depot et Placement du Quebec (CDPQ) headquarters in Montreal, Quebec, Canada, on Thursday, Feb. 24, 2022. CDPQ is exploring the sale of as much as $2 billion of private equity assets in the secondary market to free up cash for other investments, according to people familiar with the matter.
Photographer: Christinne Muschi/Bloomberg

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By Layan Odeh and Paula Sambo

November 8, 2023 at 7:54 PM UTC

This article is for subscribers only.

Caisse de Depot et Placement du Quebec is exploring the sale of as much as $2 billion of private equity assets in the secondary market to free up cash for other investments, according to people familiar with the matter.

Canada’s second-largest pension manager is scouting the market and may end up selling a smaller stake or not selling at all, depending on the price, the people said, asking not to be identified discussing confidential matters. Evercore Inc. is advising on the sale, the people said.