Caisse de dépôt’s private equity head to step down: Reuters

Canada’s second biggest public pension fund manager the Caisse de dépôt et placement du Québec said on Friday that Andreas Beroutsos had decided to step down as executive vice president, private equity and infrastructure.

Beroutsos, a former director and senior partner at McKinsey & Company, joined the Caisse in May 2014 with a remit to oversee the pension fund’s private equity investments outside of Québec, where it is based.

In a statement, Beroutsos said he wanted to spend more time with his family in New York.

The Montréal-based pension fund manager said he will stay on for a few months to ensure an orderly transition to his as yet unnamed successor and will continue to represent the Caisse on certain boards of directors.

Update: Beroutsos was interviewed by PE Hub Canada about the Caisse’s shift toward direct private equity deal-making in April 2015.

(Reporting by Matt Scuffham, editing by G Crosse)

(This story has been edited by Kirk Falconer, editor of PE Hub Canada)

Photo of Andreas Beroutsos courtesy of the Caisse de dépôt et placement du Québec