# Supplemental Pension Plan for Employees of the Québec Construction Industry

Supplemental Pension Plan for Employees of the Québec Construction Industry is a Pension Fund based in Montreal, Canada.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Montreal, Canada
- **Region:** North America
- **Address:** Montreal, Quebec, Canada
- **Founded:** 1987
- **Assets under management:** 33600 (Altss estimate)
- **Website:** ccq.org
- **LinkedIn:** https://www.linkedin.com/company/commission-de-construction-du-quebec

## Regulatory record

- **Reports private funds:** No

## About

The plan was established to deliver retirement income to Québec construction industry participants. It operates under CCQ administration with investment management delegated to CDPQ. Assets include office properties such as 3 Bryant Park in New York and 85 Broad Street in New York, plus the Stuyvesant Town and Peter Cooper Village residential complex. Additional holdings cover infrastructure projects including the Réseau express métropolitain in Montréal and logistics developments in Germany. Geographic exposure spans Canada, the United States, the United Kingdom and Germany. CDPQ reports 33.6 billion USD under management for this plan. Ivanhoé Cambridge previously handled real estate allocation until 2024. The plan participates in industry associations including the Pension Investment Association of Canada. Governance ties the plan to CCQ as administrator and to multiple construction unions and employer associations that sit on the investment committee.

## Sectors

- Real Estate
- Infrastructure
- Private Equity
- Fixed Income
- Public Equities

## People

- Audrey Murray — President and CEO of CCQ
- Charles Emond — President and CEO of CDPQ

## Questions

### Who makes the final investment decisions for this pension plan?

Investment decisions are executed entirely by the Caisse de dépôt et placement du Québec (CDPQ), led by President and CEO Charles Emond. The CCQ, as plan administrator, sets policy and oversees governance through a committee that includes union and employer representatives, but the active management mandate belongs to CDPQ.

### How is the governance structured between the CCQ and CDPQ?

The Commission de la construction du Québec (CCQ) administers the plan and ensures compliance with its mandate, while CDPQ operates as the independent fiduciary. The link is reinforced by CCQ President Audrey Murray, who holds a seat on CDPQ's board. This separates political governance from professional asset management.

### What is the plan's primary exposure in real assets?

The portfolio holds large-scale real estate and infrastructure. Confirmed direct property holdings include New York's 3 Bryant Park and Stuyvesant Town–Peter Cooper Village, Chicago's 10 & 120 South Riverside Plaza, and London's Stonecutter building. Its flagship infrastructure investment is a major stake in Montréal's Réseau express métropolitain (REM) light-rail network.

### Which unions and employer groups oversee investment policy?

The investment committee includes representation from major industry stakeholders. Union partners include FTQ-Construction and the Conseil provincial du Québec des métiers de la construction. Employers are represented by the Association de la construction du Québec (ACQ), ensuring a balanced governance structure.

### What is the plan's stance on climate risk and ESG?

The plan's posture follows CDPQ's own sustainability commitments. CDPQ is a supporter and signatory of the Task Force on Climate-related Financial Disclosures (TCFD), and its investment strategy integrates climate risk as part of its broader fiduciary duty to the plan's beneficiaries.

## Related profiles

- [Maybank Private Equity](https://altss.com/profile/maybank-private-equity)
- [AFP Cuprum](https://altss.com/profile/afp-cuprum)

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Last updated: 2026-07-06T00:38:42.316Z

Canonical page: https://altss.com/profile/supplemental-pension-plan-for-employees-of-the-qu-bec-construction-industry

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology