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Régime de retraite de l'Université de Montréal
The Régime de retraite de l'Université de Montréal (RRUM) has provided retirement security for the university's academic and support staff since 1956.
Régime de retraite de l'Université de Montréal
The Régime de retraite de l'Université de Montréal (RRUM) has provided retirement security for the university's academic and support staff since 1956. The plan covers employees of the Université de Montréal and its affiliated schools, École Polytechnique and HEC Montréal, binding its fate to the intellectual and demographic fortunes of Quebec's flagship post-secondary system. RRUM deploys capital across private equity, infrastructure, and real estate globally, using a mix of direct co-investments, fund commitments, and secondaries. Real estate commitments span mixed-use vehicles on both sides of the border, including BentallGreenOak Prime Canadian Property Fund domestically and global mandates such as Brookfield Strategic Real Estate Partners III and IV and Blackstone Property Partners F.1 LP. Infrastructure positions reveal a dual focus on core/core-plus strategies and digital backbone: Brookfield Infrastructure Fund III-A and Novacap Digital Infrastructure LP sit alongside a secondary interest acquired via Ardian Secondary Fund VI Infrastructure LP. The plan also collaborates with the Shareholder Association for Research and Education (SHARE) on responsible-investment and climate-engagement initiatives, including direct proposal work at Canadian listed companies such as METRO Inc. RRUM is a signatory to the UN Principles for Responsible Investment (since July 2009) and participates in Climate Engagement Canada and the University Network for Investor Engagement. The plan's embedded link to the Université de Montréal — the only major research university in Canada whose pension is not pooled into a provincial or national superfund — gives RRUM an unusually concentrated stakeholder base. That narrow beneficiary pool shapes a governance model in which the university is at once sponsor, employer, and primary counterpart, distinguishing it from the larger multi-employer Canadian plans that dominate the pension landscape.
General information
Firm type
Pension Fund
Year founded
1956
AUM
Undisclosed
Location
Region
North America
Country
Canada
City
Montreal
Corporate office
Montreal, QC, Canada
Principals
Andrée Mayrand
Director, Investment Management
Jean Michel
Member of the Investment Committee
Sector focus
Frequently asked questions
Who runs investment decisions at the Régime de retraite de l'Université de Montréal?
Andrée Mayrand serves as Director of Investment Management and oversees the plan's portfolio. The Investment Committee includes members such as Jean Michel, who is also the CIO of the Investment Management Corporation of Ontario (IMCO). This creates a direct governance link between RRUM and a major Canadian public-sector asset manager.
How is the University of Montreal's pension plan structured compared to other Quebec university plans?
Unlike many Canadian university plans that are merged into larger provincial entities, RRUM operates as a standalone single-employer pension plan. Its sole sponsor and beneficiary base is the Université de Montréal and its affiliated schools — École Polytechnique and HEC Montréal — which gives it a narrower, more concentrated participant pool than multi-employer pension funds.
What asset classes does RRUM invest in?
RRUM allocates to private equity, infrastructure, and real estate, deploying capital through a combination of direct co-investments, primary fund commitments, and secondary positions. Its global real estate book includes both Canadian core mandates like the BentallGreenOak Prime Canadian Property Fund and international vehicles from Brookfield and Blackstone.
Does the plan co-invest directly alongside its fund managers?
Yes. RRUM pursues co-investments as part of its private-markets strategy. Confirmed fund commitments include several vehicles — such as Brookfield Strategic Real Estate Partners III and IV and Brookfield Infrastructure Fund III-A — that frequently offer co-investment rights to limited partners, though specific co-investment deals are not publicly itemized.
What is the plan's posture on responsible investment and climate engagement?
RRUM has been a UN Principles for Responsible Investment signatory since 2009 and requires 100% of its external managers to be signatories. It collaborates actively with SHARE on shareholder engagement and climate proposals, including work targeting Canadian public companies like METRO Inc., and participates in Climate Engagement Canada and the University Network for Investor Engagement (UNIE).
Which institutions are covered by the Régime de retraite de l'Université de Montréal?
The plan covers employees of the Université de Montréal and its affiliated schools — École Polytechnique de Montréal and HEC Montréal — making it the pension vehicle for the largest francophone research-university ecosystem in Canada.
Does RRUM invest in digital infrastructure?
Yes. The portfolio includes a commitment to Novacap Digital Infrastructure LP, signaling direct exposure to the data-center, fiber, and wireless-tower sectors. This sits alongside a broader infrastructure allocation that also spans core/core-plus strategies through Brookfield and a secondary infrastructure position via Ardian.
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