While Canadian pension plans are looking further afield for real estate opportunities, are there fresh buys on the home front? Rental apartments are one subset of the asset class that Canadian plans should consider for domestic growth, says Jeffrey Olin, president, chief executive officer and portfolio manager at Vision Capital Corp. Millennials are growing up, […]
The majority (79 per cent) of pension fund and private equity professionals expect their passive private equity allocations to either stay the same or increase in 2020, according to a new survey by Torys LLP. Pension funds, in particular, cited competition for new investment opportunities (65 per cent) and pressure from limited partners to provide co-investment […]
The Healthcare of Ontario Pension Plan’s board of trustees has named Jeff Wendling the new president and chief executive officer, effective April 1, 2020. Since joining the plan in 1998 as a senior portfolio manager on the public equities team, Wendling has had a long career at the plan. He led the public equities team […]
The Caisse de dépôt et placement du Québec is acquiring 717,701 additional shares of Azure Power Global Ltd., bringing its total holdings in the company to 24,259,272 shares, or 50.9 per cent of the total outstanding stock. Azure Power is an independent Indian solar-power producer with a portfolio of assets generating more than seven gigawatts. “We have built […]
Northcrest Developments, a real estate subsidiary of the Public Sector Pension Investment Board, is launching a development project in Toronto, alongside the Canada Lands Co. The site, known as Downsview, is 520 acres and includes the Downsview Airport, which is slated for closure in 2023. While details of the development plans are largely unknown, a consultation process on how best […]
The most material and least quantifiable risks for mining companies lie in the social component of environmental, social and governance issues — and that’s where institutional investors looking at the sector should be focusing their attention and advocacy. Speaking at a panel discussion in Toronto on March 3, Amy Freedman, chief executive officer of shareholder […]
Close to a quarter (23 per cent) of institutional investors said they plan to reduce their cash balances, according to a new survey by BlackRock Inc. For fresh allocations, private markets remain the favourite by a wide margin. Indeed, more than half (55 per cent) of investors said they intend to up allocations to real […]
The Canada Pension Plan Investment Board is among a group of organizations participating in the first external investment round for Waymo, a California-based autonomous driving technology development company. Alongside other investors, the round raised US$2.25 billion. The company’s Waymo Driver has driven more than 20 million miles on public roads across more than 25 cities, as well as […]
The Public Sector Pension Investment Board, along with a consortium of other investors, is acquiring a majority stake in Lytx Inc., a video-telematics company. The investment, which was headed by global private equity firm Permira, included the Canada Pension Plan Investment Board, an affiliate of GIC Private Ltd. and HarbourVest Partners in the deal. The […]
The Caisse de dépôt et placement du Québec is closing a $125 million financing deal with Meridian Credit Union Ltd. The investment takes the form of subordinated private debt aimed at helping Meridian continue its growth, as well as diversify its products and services. Meridian offers both commercial and personal loans, credit cards, insurance services, mortgages and wealth management. […]