The Canadian Pension Plan Investment Board Europe and Allianz Capital Partners have signed an agreement to acquire a 20 per cent minority equity interest in Gas Natural Fenosa’s gas distribution business in Spain. The CPPIB and Allianz will invest about $1.3 billion and $900 million, respectively. Gas Natural Fenosa will retain the remaining 80 per cent of the business. Read: CPPIB […]
After seeing some progress in recent months, defined benefit pension plans in Ontario saw a drop in solvency levels during the second quarter. According to the Financial Services Commission of Ontario, the median solvency ratio was 89 per cent as of June 30. That was down from 93 per cent on March 31, 2017. Only […]
The private equity arm of the Ontario Municipal Employees Retirement System is selling a business software company to investment manager Partners Group for $1.72 billion. Founded in Britain, Civica provides software, digital solutions and technology-based outsourcing services to public and private sector organizations around the world. The pension fund acquired Civica in 2013 and will […]
The Canada Pension Plan Investment Board has agreed to buy a 50 per cent equity stake in a British business park for $329.6 million from Hermes Investment Management. Milton Park, which is located in Britain’s Thames Valley, provides space for established science and technology companies, as well as spin-off organizations from the University of Oxford. […]
Alternative investments have been the name of the game for many of the leaders on Benefit Canada‘s list of the fastest-growing pension funds for 2016. Both the Ontario Municipal Employees Retirement System, ranked third on the list of fastest-growing plans at 10.65 per cent growth, and Alberta Teachers’ Retirement Fund Board, ranked fourth at 10.6 per […]
Ivanhoé Cambridge has acquired an industrial real estate provider from global private investment firm TPG Real Estate. Evergreen Industrial Properties owns and manages about 150 light industrial assets across 18 cities in the United States. It offers industrial and commercial tenants with infill locations where they can store goods, machinery and equipment for distribution, e-commerce […]
Northern Trust survey says transparency requirements are lagging behind demand.
Home Capital Group Inc. will end its $2-billion credit agreement with the Healthcare of Ontario Pension Plan just months after it entered into the deal in late April. The troubled mortgage lender announced Thursday it has received a $2-billion credit line and a $400-million investment from Columbia Insurance Co., a wholly-owned subsidiary of Berkshire Hathaway […]
Though alternative investing has become more mainstream, best practices around transparency requirements are lagging behind demand, according to a new survey by Northern Trust. The survey, which polled 200 institutional investors and asset managers, found respondents cited transparency as the leading investment consideration, for both alternative investments (62 per cent) and traditional investments (62 per […]
The government of Canada is providing $1.3 billion for a light-rail project spearheaded by Caisse de dépôt et placement du Québec. The additional capital will help the Caisse’s infrastructure arm, CDPQ Infra, proceed with constructing the 67-kilometre transit system that will connect the greater Montreal area. “The [light-rail network] is one of the most ambitious […]