The Ontario Municipal Employees Retirement System improved its net investment return to 10.3 per cent at the end of 2016 compared to 6.7 per cent at the end of 2015, citing a strong performance from its public investments. The pension fund increased its net assets to $85.2 billion in 2016 from $77.1 billion in 2015, […]
Ivanhoé Cambridge, the real estate subsidiary of Caisse de dépôt et placement du Québec, is partnering with a diversified company based in India to invest in urban residential developers across the country. Ivanhoé Cambridge is allocating an initial $329.68 million in the investment, while Piramal Enterprises Ltd., which has a large presence in pharmacy, health-care […]
More than a third (34 per cent) of global institutional investors invest in four or more alternative asset classes, according to a new report by data and intelligence company Preqin Ltd. This represents a significant increase over the past 12 months as only a quarter of respondents invested in at least four alternative asset classes […]
The Canada Pension Plan Investment Board is acquiring a 24.5 per cent interest in an office tower and plaza in Houston, Texas for about $185 million. The properties are part of an office portfolio that comprises 11 office buildings totalling about 4.9 million square feet in office space. The portfolio’s owner, Parkway Inc. will continue […]
Last year was another significant one for the real estate market as British Columbia introduced its tax on foreign buyers and the federal government made another set of changes to mortgage rules. The market remained relatively strong despite the changes, but with the landscape for real estate in flux, many institutional investors are fine-tuning their […]
With many funds considering co-investments for real estate deals, Canadian pension plans have been particularly eager to embrace the option. Globally, 19 per cent of public pension funds and 15 per cent of private plans make co-investments, according to a report published last year by London, England-based data and intelligence company Preqin Ltd. Those numbers […]
The Caisse de dépôt et placement du Québec and the Public Sector Pension Investment Board have completed their acquisition of U.S.-based TeamHealth Holdings Inc. for about $58 per share. The investment in the physician-services organization, which totalled about $8 billion, will take the previously publicly held company private. Other investors include funds affiliated with Blackstone, a global asset […]
Large institutional investors plan to put more cash towards less liquid assets this year, according to a new study by BlackRock Inc. Its survey of 240 global institutional investors found 25 per cent of respondents intend to decrease their cash allocations in 2017 and 58 per cent plan to increase their real asset allocations compared […]
The Labourers’ Pension Fund of Central and Eastern Canada has invested $11 million in NRStor Inc., a private Toronto-based energy storage project developer. In addition to its equity financing, the multi-employer pension plan will provide $200 million in capital to support the developer’s project pipeline. The pension fund’s union, the Laborers’ International Union of North […]
Pension fund halves its exposure.