News & Analysis

CDPQ and S2G Ventures create joint vehicle that invests in agriculture

The pension plans to increase its low-carbon investments by $14bn by the end of the year.

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Institution: Caisse de dépôt et placement du Québec
Headquarters: Quebec, Canada
AUM: $244.2 billion
Allocation to alternatives: 32.3%

Caisse de dépôt et placement du Québec (CDPQ) teamed up with investment firm S2G Ventures to create a co-investment vehicle where it will commit $125 million over the next three years to funds that promote sustainability and positive climate measures in the food and agriculture business, according to a press release.

The Canadian LP’s low-carbon assets sat at $34 billion as of December 2019. CDQP plans to increase its low-carbon investments by $14 billion by the end of 2020, the pension’s 2019 annual report shows.

As illustrated below, CDPQ’s recent fund commitments focus on agriculture in North America and Europe.

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