Caisse creates new EVP of Private Equity dedicated to Quebec

May 05
15:27 2014

Caisse de dépôt et placement du Québec has made changes to the position of Executive Vice-President (EVP) of Private Equity currently held by Normand Provost who announced his intention to retire last August.

Andreas Beroutsos has been appointed EVP of Private Equity and Infrastructure effective today, overseeing all private equity investment activities conducted outside Québec. Beroutsos is based in Montréal.

Luc Houle, who has served as SVP of Private Equity and who has been with the Caisse for more than 30 years, has been appointed Interim EVP of Québec until the recruitment process has been finalized over the next two to three months.

Beroutsos and Houle will sit on Caisse’s Executive Committee.

“With these changes, we will be even better equipped to reach our goals here in Québec and in the world’s most promising markets,” said Michael Sabia, President & CEO. “This new structure allows us to mobilize our teams based on two well-defined mandates and, more generally, to continue to enhance La Caisse’s standard of performance and depth of expertise.”

Beroutsos was Director and Senior Partner and member of the Firmwide Senior Partner election committee at McKinsey & Company, the management consulting firm, where he established and managed the global private equity practice. After 20 years with this firm, Mr. Beroutsos became Partner and Senior Managing Director at Eton Park Capital Management. Until recently, he was Partner and Managing Director at One Point Capital and Managing Partner at Navigos Capital, in New York. He was the founder of both firms. Beroutsos studied at Harvard University and holds an MBA from Harvard Business School. He speaks five languages: Greek, French, English, Italian and Spanish.

Since 2009, Caisse has substantially increased its assets in Québec, particularly in the private sector. The new EVP of Québec will be in charge of managing Caisse’s Québec-based private equity investment portfolio and, more generally, playing a leadership role in the integrated coordination and planning of all of Caisse’s activities in Québec. The EVP Québec will play an advisory role with all internal teams and will be charged with looking for the best business opportunities throughout the province.

Over the years, Houle has been instrumental in a large number of Caisse’s major transactions in Québec and has successfully led the Medium-sized Companies and Large Companies and Venture Capital teams. He has vast experience on the ground, working with entrepreneurs, and is highly respected in the Québec business community.

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