The Public Sector Pension Investment Board is selling a minority stake in AGS Airports to alternative asset manager Blackstone Inc.

The deal will give Blackstone a 22 per cent stake in the firm. Airport operator AviAlliance, a wholly-owned subsidiary of PSP Investments, remains as majority shareholder with a 78 per cent stake.

“We are pleased to bring Blackstone as a minority shareholder in AGS,” said Sandiren Curthan, managing director and global head of infrastructure investments at the investment organization, in a press release. “Both PSP and Blackstone are like-minded investors with long-term patient capital to support the development of AGS, which will benefit from the operational expertise of AviAlliance.”

Read: Ontario Teachers’ selling ownership stake in Copenhagen airport, OMERS closes €1BN term notes offering

In other news, the Ontario Teachers’ Pension Plan is acquiring a logistics portfolio comprised of three assets in Sweden and two in Denmark.

The financial details of the transaction weren’t disclosed. The logistics assets are being acquired from Blackstone alongside real estate investment firm Fokus Nordic.

In a press release, Jenny Hammarlund, senior managing director of real estate at the Ontario Teachers’, said the deal is a significant step in expanding the logistics footprint in the Nordics. “By entering Denmark and scaling our presence in Sweden, we are reinforcing our commitment to high-quality assets in key logistics hubs.”

Read: CPPIB investing $1 billion in Korea data centres, Ontario Teachers’ buys Paris-based logistics portfolio

The Ontario Teachers’ is investing $344 million in the latest follow-on unit capital raise by India-based National Highways Infra Trust.

Overall, the investment organization’s total investment in NHIT now stands at $950 million. According to a press release, the new capital will be used to acquire 11 additional road concessions across north, central and south India and to pay a concession fee to the National Highways Authority of India for further development of road infrastructure in India.

“We’re pleased to partner once again with NHAI to help expand and modernize the country’s road network, an essential enabler of economic development and regional connectivity,” said Deb Hajara, managing director of infrastructure and natural resources, Asia-Pacific at the Ontario Teachers’, in the release.

Read: PSP entering U.K. real estate partnership, Ontario Teachers’ reinvesting in Indian infrastructure fund

The Canada Pension Plan Investment Board also joined the follow-on raise in NHIT by investing $346 million. Following the new transaction, the CPPIB will maintain a 25 per cent hold of the units in NHIT and its total investment to-date will increase to $960 million.

“India remains a strategic focus for CPP Investments, with infrastructure such as toll roads playing a key role in driving the country’s rapid economic growth,” said James Bryce, managing director and head of infrastructure at the CPPIB, in a press release.

Read: CPPIB and Ontario Teachers’ reinvesting in India infrastructure fund