Quebec’s Caisse hires Longchamps from PSP to run private equity
BNN Bloomberg
Caisse de Depot et Placement du Quebec named Martin Longchamps as its new head of private equity, poaching the executive from another Canadian pension manager to run one of its largest portfolios.
Longchamps will succeed Martin Laguerre, who had been in the role for less than two years, based in New York. The fund provided no explanation for his departure.
Longchamps, formerly managing director of private equity at the Public Sector Pension Investment Board, will work from Caisse’s head office in Montreal. The fund’s private equity holdings are heavily tilted toward developed markets, with 72 per cent in the U.S. and Europe and another 19 per cent in Canada, as of the end of 2021.
The portfolio was worth $82.5 billion, or nearly 20 per cent of Caisse’s assets under management, at the end of last year.
