Montréal, Québec (January 23, 2025) – The Public Sector Pension Investment Board (PSP Investments) today announced the appointment of Patrick Charbonneau to the role of Chief Investment Officer (CIO) of PSP Investments and Yannick Beaudoin as President and Chief Executive Officer (CEO) of Canada Growth Fund Investment Management (CGFIM), effective February 3, 2025.
“The appointment of Patrick Charbonneau as CIO reflects our ongoing commitment to strategic leadership and investment acumen. Patrick is an exceptional leader with a deep understanding of our mission and priorities. His expertise and vision will strengthen PSP’s ability to deliver long-term value for our beneficiaries and advance our strategic objectives in the years ahead.” said Deborah K. Orida, President and Chief Executive Officer, PSP Investments.
With 18 years at PSP Investments, including six years as a founding senior member of the London office, Patrick brings deep expertise in private markets and a global perspective to his new role. He has over 20 years of experience in the infrastructure sector and was instrumental in building the organization’s infrastructure portfolio and team since inception of the infrastructure asset class in 2006. In his role as CIO, Patrick will oversee PSP Investments’ portfolio design and beta management activities, the fund’s overall investment strategy and the treasury function.
“Yannick’s experience and successful track-record—building direct investment platforms, working with entrepreneurs, and managing a diversity of stakeholders—positions him well to lead CGFIM. Since CGFIM’s inception, Patrick has been instrumental in quickly setting up CGFIM and ensuring it was active quickly, operates at arm’s length from government, and committing capital through fiscally prudent investment decisions. Patrick and the team have since closed nine market-leading investments across Canada that represent more than C$2B of capital committed to date. Yannick and the CGFIM team will continue to build on this momentum and lead the organization into the next stage of its maturity and impact.” added Ms. Orida.
Yannick joined PSP Investments’ Natural Resources team in Montreal in 2012. Throughout this tenure, he has demonstrated exceptional leadership in building investment portfolios from the ground up and in cultivating strong stakeholder relationships. As Head of Asia Pacific and Europe, Yannick oversaw a growing Natural Resources portfolio of over $8 billion and global transaction opportunities that included controlling direct investments alongside local operating partners. Yannick led a diverse team of investment professionals and has significant experience in asset management and investment oversight, having participated on multiple Boards of Directors since 2013. As President and CEO of CGFIM, Yannick will be responsible for CGF’s investment strategy and execution, in accordance with CGF’s independent and arm’s length investment mandate.
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About PSP Investments
The Public Sector Pension Investment Board (PSP Investments) is one of Canada’s largest pension investors with $264.9 billion of net assets under management as of March 31, 2024. It manages a diversified global portfolio composed of investments in capital markets, private equity, real estate, infrastructure, natural resources, and credit investments. Established in 1999, PSP Investments manages and invests amounts transferred to it by the Government of Canada for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. For more information, visit investpsp.com or follow us on LinkedIn.
About Canada Growth Fund (CGF)
CGF is a $15 billion arm’s length investment vehicle that helps attract private capital to build Canada’s economy by using investment instruments that absorb certain risks, in order to encourage private investment in low carbon projects, technologies, businesses, and supply chains. Further information on CGF’s mandate, strategic objectives, investment selection criteria, scope of investment activities, and range of investment instruments can be found on www.cgf-fcc.ca.
About Canada Growth Fund Investment Management (CGFIM)
In Budget 2023, the Government of Canada announced that PSP Investments, through a wholly owned subsidiary, would act as investment manager for CGF. Canada Growth Fund Investment Management has been incorporated to act as the independent and exclusive investment manager of CGF.
Media Contact
PSP Investments
Olivier Duchesneau
Phone: (514) 710-6582
Email: media@investpsp.ca
CGF Media Relations
mediacgf@cgf-fcc.ca