Financial Products Modeling Analyst

La Caisse to become sole owner of the A25 Concession, acquiring Transurban's remaining stake. Jun 09, 2026, 09:16 ET * Plenary Americas, a La Caisse portfolio company, will support the asset's day-to-day operations, ensuring service continuity for users MONTRÉAL, June 9, 2026 /CNW/ - Global investment group La Caisse today announced it has entered into an agreement to acquire Transurban's remaining 50% interest in the A25 Concession, bringing its ownership from 50% to 100% and making it the sole owner of this strategic asset. The equity investment is CAD 280 million. This transaction follows La Caisse's initial investment in 2023, when it acquired a 50% stake from Transurban in the A25 Concession, a 7.2-km link consisting of a highway and toll bridge that plays a key role in Greater Montréal's transportation network. Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure and Sustainability at La Caisse, said: "By becoming sole owner, La Caisse strengthens its position in a Québec asset it knows well, while gaining greater flexibility in its management. As one of only two public-private partnership toll roads in Québec, the A25 Concession plays an important role in mobility across Greater Montréal by connecting the east end of Montréal to fast-growing economic areas on the North Shore." Following the transaction, Plenary Americas, a La Caisse portfolio company, will support the asset's day-to-day operations. Plenary Americas is a recognized developer, manager and operator of infrastructure assets, particularly in public-private partnership models. It operates multiple road assets across North America and brings strong expertise in managing complex partnerships and specialized subcontractors. A25 customers will not be affected by the transaction. Payment methods and customer support channels, including the website and service centre, will continue to operate as usual. ABOUT LA CAISSE For more than 60 years, La Caisse has invested with a dual mandate: generate optimal long-term returns for its 48 depositors, who represent over six million Quebecers, while contributing to Québec's economic development. As a global investment group, La Caisse is active in major financial markets, private equity, infrastructure, real estate and private credit. As at December 31, 2025, its net assets totalled CAD 517 billion. Learn more at LaCaisse.com, LinkedIn and Instagram. La Caisse is a registered trademark of Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries. SOURCE La Caisse

2026 Global Investment Conference: panel: financing the growing global infrastructure gap. With institutional investors becoming the financing cornerstones in the increasing demand for new infrastructure projects in Canada and abroad, the opportunities and challenges are varied - along with investors' expectations for the sector. In a panel discussion at the Canadian Investment Review's 2026 Global Investment Conference, Frédéric Lesage (pictured centre), managing director of infrastructure at the Caisse de dépôt et placement du Québec, said the opportunities in Canada are twofold: the upgrade of legacy infrastructure and brand-new infrastructure projects. This latter category includes opportunities in electrification, decarbonization, grid improvement, interprovincial connection, logistics and digital infrastructure, he said, noting the Caisse, which has a $75-billion infrastructure portfolio, is building a new container port terminal in Montreal, has privatized Innergex Renewable Energy Inc. and is part of the consortium in line to develop and build the high-speed train between Quebec City and Toronto. Indeed, Prime Minister Mark Carney's mandate priorities are heavily related to strategic infrastructure, said Jean-Bastien Auger (pictured left), managing director of infrastructure investments at the Public Sector Pension Investment Board, which has a 17 per cent allocation to infrastructure. He highlighted the natural role for large pension investment managers in building out these projects, but also in the ownership and operation of these assets. "This is a model that's getting closer to what we're seeing in more developed economies - like Australia and Europe - as it relates to infrastructure. What I mean by that is, those economies have privatized or had the private sector participating in the build-out of infrastructure. "[Prime Minister Carney] has the leverage and the platform here in Canada through the large pension community that exists and I think he wants to draw on this," he adds. "Of course, things will have to be structured in a way that makes sense for pensions to be invested but, if it is, I think it's a huge opportunity for us." Canadian pension investment organizations have seen a lot more deal flows and transactions, said Fred Robert (pictured right), managing director and head of digital infrastructure at the Investment Management Corp. of Ontario, which has $12 billion under management in the asset class. "The dialogue, the frequency and the engagement between the government and pension funds has really shifted in the last few years. And so, we're hopeful this will lead to more ability for pension funds to deploy and support the Canadian economy." In terms of the challenges and risks around infrastructure investments, Robert highlighted unintended concentration at the portfolio level, noting the IMCO spends a lot of time considering its approach to map out exposure. "If we have a platform that has a choice between [two different customers], we think about it really hard to make sure we don't end up overexposed to a specific name, which you wouldn't see just looking at the high-level portfolio." For PSP Investments, the two main buckets of risk are the macro elements - such as movement in interest rates and inflation - and liquidity, said Auger, since infrastructure investments become so large that the pool of potential acquirers diminishes rapidly. "That creates a problem where the ecosystem is a bit unbalanced, because people that have to buy your stake also buy on the basis that they have to continue to deploy more capital into it. It becomes even more difficult for people to buy into those assets because of the sheer size of them." Looking ahead, the panellists said they expect to see an expansion in the definition of infrastructure, the continued trend of digitization and a growth in demand globally, though Lesage was cautious about the frothiness of data centres. "It's a hype thing - and hype and infrastructure don't go well together. No question that [artificial intelligence] is going to transform our world and there's a huge amount of investment required, but we don't believe it's going to be a linear thing. We believe there's going to be lots of bumps on the road and, therefore, we're quite cautious around this new infrastructure asset class."