Looking back on last year’s investment activity, institutional investors continued to pile into private equity. Globally, commitments to private equity funds jumped 27 per cent, or US$41 billion, in the third quarter, although there were only 201 final closes for the period, down seven per cent from the quarter prior, according to a report from […]
The company behind the $6.2-billion Coastal GasLink pipeline in British Columbia has made a deal to sell a 65 per cent equity interest in the project. In a news release, TC Energy Corp. said it has entered into an agreement for the sale to KKR & Co. Inc. and the Alberta Investment Management Corp., on behalf of certain […]
In the investment space, readers were focused on the moves of the big public pension funds and real estate investment in 2019, with the top three most-read stories tackling those topics. Benefits Canada rounds up the industry’s favourite investment stories of the year: 1. Canadian DB plans return median 1.7 per cent in Q3 2. Hugh O’Reilly stepping down from OPTrust 3. OPTrust partners […]
The Caisse de dépôt et placement du Québec is investing in a $50-million equity raising round for a subsidiary of Quebec hotel operator Le Germain Hotels. In addition, Fonds de solidarité FTQ, iA Financial Group and La Capitale participated in the round for ALT Canada Investment Partnership, which manages 12 Alt Hotel locations in 10 Canadian cities, […]
While an outsourced chief investment officer model may be the right option for a pension plan under particular circumstances, circumstances can change. Wawanesa Mutual Insurance Co. took on an OCIO structure several years ago, but changes within the company made the model less appropriate over time, said Wes Peters, the company’s vice-president of investments, during […]
The Caisse de dépôt et placement du Québec’s subsidiary CDPQ Infra has concluded a work optimization agreement with NouvLR, the consortium building the Réseau express métropolitain, a rapid transit system underway in the greater Montreal area. The agreement is a response to challenges identified during the first 18 months of the project and reinforces the project’s delivery […]
Sun Life Financial is set to take an 80 per cent stake in investment manager InfraRed Capital Partners. Headquartered in London, England, InfraRed manages global infrastructure and real estate investments. The transaction includes a closing payment of about $515 million, with InfraRed’s owners maintaining an option to sell their remaining positions in the company to […]
The Swedish word “tack” translates to “thank you,” which is precisely what IKEA is saying to employees with its Tack! loyalty program. In Canada, the program operates as a deferred profit-sharing plan and is part of employees’ total rewards package. “The [program] was launched in 2013 based on the wish of IKEA founder Ingvar Kamprad […]
As private equity becomes a more sizeable part of Canadian pension portfolios, the British Columbia Investment Management Corp.’s resources and staffing are growing with it. In April 2016, when Jim Pittman joined the BCI as its senior vice-president of private equity, his group comprised six or seven people. Three and a half years later, the […]
The Canada Pension Plan Investment Board is committing US$225 million to the India Resurgence Fund platform, through its wholly owned subsidiary CPPIB Credit Investments Inc. The IndiaRF is a distressed-assets buyout platform, jointly sponsored by Piramal Enterprises Ltd. and Bain Capital Credit. It seeks to buy distressed assets by purchasing existing debt and equity securities, either through bankruptcy courts, directly from […]