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. Laguerre did not respond to a request for comment; the fund provided no explanation for his departure.
Its private equity portfolio was worth $82.5 billion, or nearly 20 per cent of CDPQ’s assets under management at the end of last year.
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