The Caisse de dépôt et placement du Québec is committing $50 million towards Quebec seed funds and is charging venture capital firm Teralys Capital with supporting the funds it invests in. Seed funds are venture capital funds dedicated to supporting new startups with financing and ongoing support. “Without a rich and dynamic startup ecosystem, there is a risk of considerably fewer […]
Canadian defined benefit pension plans are increasingly focused on implementing long-term goals and mitigating asset risk amid a year of market volatility and shifting regulatory landscape, according to a new survey by Aon. Its biennial Canadian pension risk survey found 96 per cent of plan sponsors said they have a long-term strategy to reach their objectives, up […]
The Caisse de dépôt et placement du Québec’s real estate arm Ivanhoé Cambridge, along with real estate manager ICAMAP, is taking over EasyHotel, a European budget hotel chain. The hotel chain, which was started by the founder of EasyJet Airline Company Ltd., targets the super-budget segment of the market. It has a total of 39 hotels […]
The Canada Pension Plan Investment Board is investing in Axel Springer, a European digital publisher that’s active in more than 40 countries. The investment is through the pension fund’s wholly-owned subsidiary CPPIB Europe, alongside funds advised by KKR. The offer, at 63 euros per share, was made this past June in partnership with Axel Springer’s major shareholders, Friede Springer and Mathias Döpfner, […]
The massive uptick in private equity investing is changing how companies raise capital. The private equity industry has grown by 500 per cent since 2000, according to research by Willis Towers Watson’s Thinking Ahead Institute. It found the increased interest from institutional investors is leading growing companies to seek fresh capital from the private markets rather […]
The Caisse de dépôt et placement du Québec is making a US$50 million equity investment in San Francisco-based electric scooter share firm Bird Rides Inc. The organization operates electric scooters in more than 100 cities around the world. It’s currently expanding into Canada, with launches in Calgary and Edmonton earlier this year. And it undertook a 10-day […]
For institutional investors looking at farmland, various strategies are available that span a range of asset classes, from real assets to private equity to venture capital, said Bernice Miedzinski, president of Starbridge Capital Ltd., during a webinar hosted by the Canadian Investment Review this week. Lower risk strategies include buying land and leasing it back to farmers, […]
The Public Sector Pension Investment Board is taking over Webster Ltd., an Australian agribusiness company, for A$854 million. While the PSP already owns 19.1 per cent of Webster’s ordinary shares, its subsidiary PSP BidCo is acquiring the total remaining ordinary shares for A$2 per share, which is a 57 per cent premium on Webster’s most recent closing […]
The Ontario Teachers’ Pension Plan is launching a venture incubator called Koru, which aims to create, test and build scalable new digital businesses. “Koru is a clear demonstration of Ontario Teachers’ partnership model of investing,” said Ziad Hindo, chief investment officer at the Ontario Teachers’, in a press release. “It provides us with an entirely […]
The Canada Pension Plan Investment Board has formed a joint venture with Boston Properties Inc. to develop Platform 16, a 1.1-million-square-foot Class A urban office campus in downtown San Jose, California. In November 2018, Boston Properties entered a 65-year ground lease for Platform 16. As part of the lease, it secured the right to purchase […]