The Public Sector Pension Investment Board has launched a European hub focused predominantly on private equity, private debt, infrastructure and real estate.
The London, England-based office, which has 28 professionals, is part of an effort aimed at strategic, industry-specialized investments across Europe, according to a news release.
Read: PSP Investments’ assets generated 1% return in last fiscal year
“PSP Investments’ vision is to be a leading global institutional investor that delivers on its risk-return objective by driving a total fund perspective,” said André Bourbonnais, president and chief executive officer of PSP Investments. “Establishing a European hub is a strategic milestone for us and demonstrates our confidence and commitment to the region.”
The board’s investments in Europe over the past year include: Cerba HealthCare, a European operator of clinical pathology laboratories; a joint venture with Aviva that includes 12 office buildings in central London; and AviAlliance, a private industrial airport manager and wholly-owned subsidiary of PSP Investments.