Canadian institutional investor La Caisse de dépôt et placement du Québec has named Andreas Beroutsos in the role of executive vice-president – private equity and infrastructure, overseeing all of its private equity investment activities conducted outside Québec.
It has also created the new role of executive vice-president, Québec – the latest step in the deployment of its investment strategy that looks to maximise its impact in the province. Luc Houle, who has served as senior vice-president, private equity and who has been with La Caisse for more than 30 years, has agreed to take up the role on an interim basis, until the recruitment process has been finalised.
“With these changes, we will be even better equipped to reach our goals here in Québec and in the world’s most promising markets,” said Michael Sabia, president and CEO. “This new structure allows us to mobilize our teams based on two well-defined mandates and, more generally, to continue to enhance La Caisse’s standard of performance and depth of expertise.”
Given the changes currently underway in the global economy, growth will be coming from varied sectors and diverse markets over the next few years, he added. “To identify the best private equity and infrastructure investment opportunities in the world, La Caisse must go even further in developing leading-edge expertise in order to make direct investments and develop solid partnerships around the world. To this end, it must be able to rely on high-level, talented individuals with access to extensive international business networks.”
Beroutsos was previously director and senior partner and member of the firm-wide senior partner election committee at management consulting firm McKinsey & Company, where he established and managed the global private equity practice. After 20 years with McKinsey, he became partner and senior managing director at Eton Park Capital Management. Until recently, he was partner and managing director at One Point Capital and managing partner at Navigos Capital, in New York, both of which he founded.
Since 2009, La Caisse has substantially increased its assets in Québec, particularly in the private sector. This new executive vice-president will be in charge of managing La Caisse’s Québec-based private equity investment portfolio and, more generally, playing a leadership role in the integrated coordination and planning of all of La Caisse’s activities in Québec.
Houle previously led the medium-sized companies and large companies and venture capital teams for La Caisse.
Both Beroutsos and Houle will sit on La Caisse’s executive committee.
La Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily for public and parapublic pension and insurance plans. As at 31 December 2013, it held $200.1bn in net assets.
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