The Canada Pension Plan Investment Board is reinvesting $532 million in its majority-owned Brazilian water and sanitation company Iguá Saneamento.
The new financial commitment will fund the company’s growth in the Brazilian state of Sergipe, according to a press release.
“This sector has significant room for growth while also providing opportunities to invest in long-term, stable assets at scale,” said James Bryce, global head of infrastructure at the CPPIB, in the release. “We expect our investment in Iguá will continue to deliver strong returns for the CPP fund and we look forward to supporting the company’s success through this follow-on investment.”
In other news, the Ontario Municipal Employees’ Retirement System is increasing its holdings in India-based infrastructure fund Interise Trust with a new deal to acquire a 13.5 per cent stake from Allianz Capital Partners.
The new deal will bring the OMERS’ overall stake in Interise Trust, formerly known as the IndInfravit Trust, up to 34.8 per cent from its current 21.3 per cent. The CPPIB remains the largest investor of the emerging market asset. The financial details of the transaction weren’t disclosed.
“The transaction aligns well with our infrastructure investment strategy — it increases [the] OMERS’ exposure to India’s economic growth, through an asset and sector that we know well and in line with our approach to focus on large, resilient and yielding assets in our priority markets,” said Christopher Curtain, head of Asia-Pacific at the infrastructure arm of the OMERS, in a press release.
Read: OMERS investing in Indian toll-road concessions
The Ontario Teachers’ Pension Plan is supporting the acquisition of an Australian logistics asset by Gateway Capital. The financial details of the transaction weren’t disclosed.
The acquisition will expand the industrial portfolio of the investment organization in Australia through the Gateway Capital Urban Logistics Partnership, according to a press release.
“With strong sectoral tailwinds and market fundamentals, we see positive demand and continued growth potential in the Australian industrial and logistics sector,” said Jun Ando, head of Asia-Pacific real estate at the Ontario Teachers’, in the release. “The acquisition complements our existing portfolio and we’re pleased to be expanding our partnership as we look ahead to identifying opportunities for future collaboration.”