Québec Pension Rides Private Equity To Big Year

Feb 22 2007 | 10:39am ET

Caisse de Dépôt et Placement du Québec was Canada’s most active buyout investor in 2006, and it paid off in a big way. The pension fund, Canada’s largest, earned 22% on its private equity investments last year, helping it earn a 14.6% average return, topping the average for the country’s pensions, which was 12.9%.

The Montréal-based fund was part of transactions valuing some US$31.2 billion last year, Bloomberg News reports. The fund manages about C$145 billion (US$124 billion) in assets.


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Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.