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Quebec  + Canada  + Finance  | 
Quebec's Ivanhoé Cambridge has opened its first U.S. office in New York City.

Quebec’s Ivanhoé Cambridge opens U.S. Office

Quebec’s Ivanhoé Cambridge has opened its first U.S. office, in New York City.

Montreal-based Ivanhoé Cambridge called the U.S. office presence a decisive step in the institutional investment firm’s quest to create further value within its existing portfolio. Ivanhoé Cambridge’s US$28-billion U.S. portfolio comprises approximately 50% of the company’s total global assets.

The firms is the global real estate investment arm of the Caisse de dépôt et placement du Québec, one of Canada’s and the world’s largest institutional investors.

“The decision to add an office presence in New York City reflects the evolution of where our business is today and where we strive to be in the future,” said Nathalie Palladitcheff, the companay’s president and CEO in a news release.

Michael Caracciolo, recently appointed vice-president of U.S. asset management, will head the New York office. Ivanhoé Cambridge is sharing workspace with the Caisse and another one of its subsidiaries, lender Otéra Capital.


Inside The Story

Michael CaraccioloIvanhoé Cambridge

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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