On March 12, 2020, CDPQ acquired the operating business, as well as a controlling stake in the public-private partnership portfolio of Plenary Americas, a leading investor, developer, and operator of public infrastructure in North America.
Plenary Americas is a long-term investor, sponsor and operator of public infrastructure. It has become North America's leading specialized developer of long-term partnership projects, with a project portfolio of nearly CAD$20 billion across both Canada and the United States, including 36 projects in the health, transportation, defence, justice, education and government accommodation sectors.
CDPQ is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at December 31, 2019, it held CA$340.1 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt.Fasken represented CDPQ with a team led by Jean-Pierre Chamberland, and including Constantinos Ragas, Sean S. Stevens, Elyse Velagic, Matthew Downer, Oleg Stratiev and Gurinder Gujral (M&A), Alain Ranger and Paul Cabana (Tax), Chris Margison (Competition), Jackie VanDerMeulen (Labour and Employment) and Brian Kelsall (Project Finance).