|Caisse and Claridge join to invest in Israeli tech|
|The Caisse de dépôt et placement du Québec, the province's public pension fund manager, is joining Claridge Inc.,
the Stephen Bronfman family's holding company, to invest in fast-growing Israeli high-tech and innovation
The partnership, Claridge-CDPQ based in Tel Aviv, will provide the pension fund manager with access to a "globally-recognized hub for innovation offering higher returns," the Caisse said in a statement Wednesday.
In turn, Quebec-based companies will benefit from access to Israeli technologies and innovations.
The partnership will be headed by Oded Tal, an investment banker and Claridge's chief investment officer in Montreal from 2000 to 2008.
"The partnership, along with Tal's expertise and the Bronfman family's long-standing business experience in Israel, will provide a winning recipe for both Quebec and Israel," said Stephen Bronfman, Claridge's executive chairman.
Claridge, based in Montreal, is best known for its property development activities in the city. It also manages a diverse international portfolio of investments in the technology, energy, entertainment and real-estate sectors.
By Robert Gibbens, Special to Montreal Gazette