The Caisse de Dépôt et Placement du Québec, a Canadian pension manager, has joined forces with a private equity firm to start a new co-investment fund, following a similar move last month by Los Angeles County Employees Retirement Association.
The Caisse de Dépôt et Placement du Québec â which has a $10.9bn private equity portfolio â will team up with Montreal-based Trio Capital to create the Telecom Media Fund, a $200m (€159.5m) investment fund focused on telecommunications and new media companies in North America and Europe.