Key Takeaways
- • La Caisse appoints Limor Shklaz as Investment Fund Director for Europe, bringing 4+ years of experience as European alternatives investment director at Nuveen, a $156 billion real estate investment manager.
- • Shklaz joins La Caisse's investment team as the Canadian pension giant continues expanding its alternative asset footprint across European markets, signaling intensified institutional capital deployment in the region.
- • The appointment follows La Caisse's aggressive renewable energy acquisition spree, including the C$10 billion Innergex privatization (July 2025), C$1 billion Edify Energy acquisition (September 2025), and C$9 billion Boralex stake increase (March 2026), demonstrating accelerated alternative investment strategy execution.
- • La Caisse, Canada's second-largest pension fund managing C$517 billion ($378 billion) in assets, continues organizational restructuring under executive leadership including Chief Investment Officer Roland Lescure and newly appointed President and CEO Charles Émond.
Summary
La Caisse de dépôt et placement du Québec (La Caisse) has appointed Limor Shklaz as Investment Fund Director for Europe, expanding its institutional investment infrastructure across the continent. Shklaz transitions from Nuveen, where she served as European alternatives investment director from 2021 to 2025 at the $156 billion real estate investment manager. Her appointment reflects La Caisse's strategic pivot toward deepening European alternative asset exposure under a dedicated leadership structure.
The hiring coincides with unprecedented capital deployment across renewable energy markets. Over the past twelve months, La Caisse has executed four major alternative energy transactions: the July 2025 privatization of Quebec-based Innergex (C$10 billion), the September 2025 acquisition of Australian renewable energy and battery storage provider Edify Energy (C$1 billion), a $200 million primary equity commitment to Renewa (July 2025), and a March 2026 increase of its Boralex stake to 30% as part of a C$9 billion Brookfield-led acquisition. These transactions underscore an institutional commitment to renewable infrastructure positioning ahead of anticipated energy transition capital flows.
As of March 2026, La Caisse manages C$517 billion ($378 billion) in assets primarily for Quebec's public and parapublic pension and insurance plans. The organization's leadership structure includes Executive Vice-President Philippe Tremblay (Depositors and Total Portfolio, since January 2024), Chief Investment Officer Roland Lescure overseeing public and private company consolidation, and President and CEO Charles Émond, who joined in February 2019. Shklaz's European role supports organizational objectives to consolidate top-down investment activities and expand geographic diversification beyond domestic Canadian markets, positioning the pension fund for continued institutional alternative asset growth.
The hiring coincides with unprecedented capital deployment across renewable energy markets. Over the past twelve months, La Caisse has executed four major alternative energy transactions: the July 2025 privatization of Quebec-based Innergex (C$10 billion), the September 2025 acquisition of Australian renewable energy and battery storage provider Edify Energy (C$1 billion), a $200 million primary equity commitment to Renewa (July 2025), and a March 2026 increase of its Boralex stake to 30% as part of a C$9 billion Brookfield-led acquisition. These transactions underscore an institutional commitment to renewable infrastructure positioning ahead of anticipated energy transition capital flows.
As of March 2026, La Caisse manages C$517 billion ($378 billion) in assets primarily for Quebec's public and parapublic pension and insurance plans. The organization's leadership structure includes Executive Vice-President Philippe Tremblay (Depositors and Total Portfolio, since January 2024), Chief Investment Officer Roland Lescure overseeing public and private company consolidation, and President and CEO Charles Émond, who joined in February 2019. Shklaz's European role supports organizational objectives to consolidate top-down investment activities and expand geographic diversification beyond domestic Canadian markets, positioning the pension fund for continued institutional alternative asset growth.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.