La Caisse Invests $250 Million in Pembroke Management Fund
La Caisse's Strategic Investment in Pembroke Management
La Caisse, a prominent global investment group, has made a significant commitment of $250 million to Pembroke Management. This partnership underscores a strategic aim to bolster local asset management firms and contribute to Quebec's financial ecosystem. Pembroke Management, established in 1968, has a longstanding reputation for growth and dedicated service to its clients.
Focus on Growth and Quality Companies
The investment is part of La Caisse’s concentrated strategy, which focuses on a select group of high-quality growth companies. Launched in 2018, this strategy encompasses about 15 to 20 carefully selected small and mid-cap public equity firms primarily based in North America. The emphasis on quality over quantity is a hallmark of Pembroke's strategic approach.
Commitment to Quebec's Economy
Vincent Delisle, Executive Vice-President and Head of Liquid Markets at La Caisse, articulated that enhancing Quebec's financial landscape is vital. This investment in Pembroke is seen as a crucial measure to support diversification within their portfolio and stimulate growth across the asset management sector in Quebec. Delisle emphasized the importance of leveraging local firms to maximize investment performance.
Pembroke's Vision for Growth
Nicolas Chevalier, Managing Partner and Portfolio Manager at Pembroke, expressed gratitude for the opportunity to manage this investment. He stated that maintaining alignment with investor interests is paramount to their success. The new mandate will heighten Pembroke's visibility and strengthen its position in the market, further promoting their mission of responsible and accountable asset management.
Long-Term Goals and Objectives
La Caisse has ambitious objectives, aiming to double the investment amounts allocated to various Quebec fund managers by 2028. This initiative aligns with its broader target of achieving $100 billion in investments within Quebec by 2026. Such commitments highlight the ongoing priorities of La Caisse to foster local economic growth through strategic partnerships.
About La Caisse
La Caisse has been dedicated to investing wisely for over 60 years, balancing the generation of sustainable long-term returns with contributing to Quebec's economic progress. With a diversified portfolio that includes financial markets, private equity, and real estate, La Caisse's management of CAD 473 billion in net assets is a testament to its impactful role in investment strategies.
About Pembroke Management
Pembroke Management provides comprehensive investment services focusing on individual and institutional investors. Since its inception, the firm has been committed to integrity, accountability, and aligning interests with its clients, which reinforces its longstanding success in wealth management.
Frequently Asked Questions
What is the significance of the $250 million investment by La Caisse?
This investment is part of La Caisse's broader strategy to enhance local management firms and support economic growth in Quebec.
How does Pembroke Management plan to manage this investment?
Pembroke Management aims to maintain rigorous management practices and align interests across its investment strategies.
What is La Caisse's long-term goal regarding investments in Quebec?
La Caisse aspires to double its investments entrusted to Quebec managers by 2028 and reach a total of $100 billion in investments by 2026.
When was Pembroke Management established?
Pembroke Management has been serving clients since 1968, building a strong reputation in investment management.
What differentiates Pembroke's investment strategy?
Pembroke focuses on a concentrated strategy, investing in a limited number of high-quality companies, primarily in the small and mid-cap segments.
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