SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G
UNDER
THE
SECURITIES EXCHANGE ACT OF 1934
Validus
Holdings Ltd.
(Name
of
Issuer)
Common
shares
(Title
of
Class of Securities)
BMG9319H1025
(CUSIP
Number)
Soulef
Hadjoudj
Caisse
de dépôt et placement du Québec
1000
place Jean-Paul-Riopelle, Montreal (Quebec), H2Z 2B3
Tel.:
(514) 847-5998
(Name,
Address and Telephone Number of Person
Authorized
to Receive Notices and Communications)
December
31, 2007
(Date
of
Event which Requires Filing of this Statement)
Check
the
appropriate box to designate the rule pursuant to which this Schedule is
filed:
[
]
Rule
13d-1(b)
[X]
Rule
13d-1(c)
[
]
Rule
13d-1(d)
*The
remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The
information required in the remainder of this cover page shall not be deemed
to
be "filed" for the purpose of Section 18 the Securities Exchange Act of 1934
("Act") or otherwise subject to the liabilities of that section of the Act
but
shall be subject to all other provisions of the Act
(however,
see the Notes).
| 1 |
Name
Of Reporting Persons
|
I.R.S.
Identification nos. of above persons (entities only)
Caisse
de dépôt et placement du Québec
-------------------------------------------------------------------------------------------------------------
| 2 |
Check
the Appropriate Box if a Member of a Group (See
Instructions)
|
(a)
[
]
(b)
[
]
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
| 4 |
Citizenship
or Place of Organization
|
Montreal
(Quebec) Canada
-------------------------------------------------------------------------------------------------------------
6,440,262
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
6,440,262*
-------------------------------------------------------------------------------------------------------------
| 8 |
Shared
Dispositive Power
|
-------------------------------------------------------------------------------------------------------------
| 9 |
Aggregate
Amount Beneficially Owned by Each Reporting
Person
|
6,440,262*
-------------------------------------------------------------------------------------------------------------
| 10 |
Check
if the Aggregate Amount In Row (9) Excludes Certain
Shares
|
(See
Instructions) [ ]
-------------------------------------------------------------------------------------------------------------
| 11 |
Percent
of Class Represented by Amount in Row (9)
|
8.22%*
-------------------------------------------------------------------------------------------------------------
| 12 |
Type
of Reporting Person (See Instructions)
|
OO
-------------------------------------------------------------------------------------------------------------
Item
1
| (a) |
Name
of Issuer:
Validus Holdings Ltd
|
| (b) |
Address
of Issuer's Principal Executive Offices:
|
19
PAR-LA-VILLE ROAD
Hamilton
HM11
BERMUD
D0
00000
Item
2
| (a) |
Name
of person filing: Caisse
de dépôt et placement du Québec
("Caisse")
|
| (b) |
Address
or principal business office or, if none, residence: 1000,
place Jean-Paul-Riopelle, Montreal, Quebec, H2Z
2B3
|
| (d) |
Title
of class of securities: Common
Shares
|
| (e) |
CUSIP
No.: BMG9319H1025
|
Item
3
Not
applicable.
Item
4 - Ownership
| (a) |
Amount
Beneficially Owned:
6,440,262*
|
| (b) |
Percent
of Class: 8.22%*
|
| (c) |
Number
of shares as to which the Reporting Person
has:
|
| (i) |
sole
power to vote or direct the vote:
6,440,262*
|
| (ii) |
shared
power to vote or direct the vote:
|
| (iii) |
sole
power to dispose or to direct the disposition:
6,440,262*
|
| (iv) |
shared
power to dispose or to direct the
disposition:
|
*
Including 725,977 Common shares upon exercise of warrants
Item
5 - Ownership of Five Percent or Less of a Class
If
this
statement is being filed to report the fact that as of the date hereof the
reporting person has ceased to be the beneficial owner of more than five percent
of the class of securities, check the following [ ].
Item
6 - Ownership of More Than Five Percent on Behalf of Another
Person
Not
applicable.
Item
7 - Identification and Classification of the Subsidiary Which Acquired The
Security Being Reported on By the Parent Holding
Company
Not
applicable.
Item
8 - Identification and Classification of Members of the
Group
Not
applicable.
Item
9 - Notice of Dissolution of Group
Not
applicable.
Item
10 - Certification
By
signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer
of
the securities and were not acquired and are not held in connection with or
as a
participant in any transaction having that purpose or effect.
After
reasonable inquiry and to the best of the signatory's knowledge and belief,
I
certify that the information set forth in this statement is true, complete
and
correct.
Signature
Date:
January 21, 2008
s/
Soulef
Hadjoudj
-----------------------------------------------------------------------
Signature
Soulef
Hadjoudj, Legal Counsel
Name
/
Title