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Mark Rose

TORONTO–Institutional fund manager Caisse de dépôt et placement du Québec (CDPQ) has made a $250-million preferred equity investment in Avison Young.

Avison Young will use some of the proceeds to buy out its current private equity partner Parallel49 Equity (formerly known as Tricor Pacific Capital), as well as shares of some non-management founders and former principals of Avison Young. It will also use the proceeds to invest in acquisitions and to recruit more professionals.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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