validus13ga.htm
SECURITIES
<?xml:namespace
prefix = st1 ns =
"urn:schemas-microsoft-com:office:smarttags" />
AND EXCHANGE
COMMISSION
Washington,
D.C. 20549
<?xml:namespace
prefix = o ns =
"urn:schemas-microsoft-com:office:office" />
SCHEDULE
13G/A
(Amendment
No.1)
UNDER THE SECURITIES EXCHANGE ACT
OF 1934
Validus
Holdings Ltd.
(Name
of Issuer)
Common shares
(Title of Class of
Securities)
BMG9319H1025
(CUSIP
Number)
Philip Boudreau
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)
November
5, 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) [
]
-------------------------------------------------------------------------------------------------------------
3
SEC USE
ONLY
-------------------------------------------------------------------------------------------------------------
4
Citizenship or Place of Organization
Montreal (Quebec)
Canada
-------------------------------------------------------------------------------------------------------------
5
Sole Voting Power
3,656,877*
-------------------------------------------------------------------------------------------------------------
6
Shared Voting
Power
-------------------------------------------------------------------------------------------------------------
7
Sole Dispositive Power
3,656,877*
-------------------------------------------------------------------------------------------------------------
8
Shared Dispositive
Power
-------------------------------------------------------------------------------------------------------------
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,656,877*
-------------------------------------------------------------------------------------------------------------
10
Check if the Aggregate Amount In Row (9) Excludes Certain Shares
(See
Instructions) [
]
-------------------------------------------------------------------------------------------------------------
11
Percent of Class Represented by Amount in Row (9)
4.88%*
-------------------------------------------------------------------------------------------------------------
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
(c)
Citizenship: Canada
(d)
Title of class of securities: Common
Shares
(e)
CUSIP No.:
BMG9319H1025
Item 3
Not
applicable.
Item 4 -
Ownership
(a)
Amount Beneficially
Owned: 3,656,877*
(b)
Percent of Class:
4.88%*
(c)
Number of shares as to which the
Reporting Person has:
(i)
sole power to vote or direct the vote: 3,656,877*
(ii)
shared power to vote or direct the vote:
(iii)
sole power to dispose or to direct the disposition:
3,656,877*
(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 [X].
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:
November 11, 2008
s/ Philip
Boudreau
-----------------------------------------------------------------------
Signature
Philip
Boudreau, Legal Counsel
Name /
Title