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Caisse de Depot to Invest $700 Million in India

Caisse de Depot to Invest $700 Million in India

Caisse de dépôt et placement du Québec (CDPQ), one of North America’s largest pension fund managers, announced a long-term partnership agreement with Edelweiss Group, a diversified financial services company in India.

The agreement includes target investments by CDPQ of $600-700 million over four years that will provide Edelweiss Group with capital to invest in stressed companies that can be turned around by restructuring debt, while also financing Indian entrepreneurs and companies, reports Canadian Business.

Canadian currency

Michael Sabia, president and CEO at CDPQ, said, “We believe India stands out as an exceptional country to invest in, given the scope and quality of investment opportunity, and the current government’s intention to pursue essential economic reforms.”

Rashesh Shah, CEO, Edelweiss Group said, “Recent reforms, like the Bankruptcy Act have the potential to transform the pace of reconstruction and resolution in India’s stressed and distressed market thus creating a much larger opportunity.”

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