The Caisse de dépôt et placement du Québec is appointing Nicholas Rubbo as managing director of Espace CDPQ, its venture capital hub. In the new role, Rubbo will work to expand Espace CDPQ, which aims to attract partners interested in making joint investments in Quebec companies. To date, it has secured capital investments of $8.6 […]
The Ontario Municipal Employees’ Retirement System is appointing Irini Kalamakis as senior managing director and global head of strategic partnerships. In the new role, Kalamakis will join OMERS Infrastructure’s global management committee and report to Annesley Wallace, global head of infrastructure, according to a press release, which also noted she’ll be responsible for expanding the […]
A Barbadian company is acquiring the life insurance business of a company in which the Canada Pension Plan Investment Board has a majority stake. According to the terms of the deal, Sagicor Financial Co. Ltd. will acquire Ivari, a subsidiary of Wilton Re Ltd., for US$325 million. The CPPIB has held a majority stake in […]
Six months into a war that has killed thousands of Ukrainians and displaced more than 12 million more, most of the pledges by U.S. pension funds, university endowments and other public sector holdings to drop Russian investments have gone unfulfilled, according to an Associated Press review, state retirement administrators and firms that invest state funds. […]
An article on the Royal Bank of Canada’s plans for returning employees to the office was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. RBC employees returning to in-office working to foster creativity, collaboration 2. CPPIB backing of grain exporter provides Russia propaganda victory: expert […]
Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, is announcing the results of a pilot project incorporating a new energy-saving technology at two malls within its portfolio. Developed by Turntide Technologies, a company in which the Caisse invests, the proprietary technology reduces the energy use of older electrical […]
The Canada Pension Plan Investment Board is entering a joint venture focused on the hospitality sector. The new scheme, which also includes Hamilton Pyramid Europe, a subsidiary of the Pyramid Global Hospitality Group, aims to acquire operating hotels in European gateway cities and resort destinations. The investment organization has committed €475 million (about $624 million) […]
The Caisse de dépôt et placement du Québec generated an average return of negative 7.9 per cent for the first half of 2022. The investment organization reached the mid-year point with $392 billion in net assets, down from $420.2 billion at the end of the previous quarter. This $28.2 billion decrease consisted of a net […]
The Ontario Municipal Employees’ Retirement System is investing in an Arizona-based solar energy business. In a deal reached with Clairvest Group Inc., the institutional investor secured a minority stake in NovaSource Power Services, which provides solar panel servicing for industrial and residential customers and manages 20 gigawatts of solar assets. Following the transaction, Clairvest will […]
The Caisse de dépôt et placement du Québec is leading a funding round for a customer engagement software provider. During a US$105 million investment round for CleverTap, a California-based company providing a subscription-based online marketing platform to 1,200 digital consumer brands, the investment organization provided US$75 million. According to a press release, the funds will […]