The Caisse de dépôt et placement du Québec is one of two organizations investing a total US$940 million in Phoenix Tower International, a U.S.-based wireless communications infrastructure provider. The investment will fund the company’s expansion in Europe as well as further growth in new and existing markets. The other investor is AMP Capital, an Australia-based […]
The Canada Pension Plan Investment Board is boosting its interest in Indian infrastructure conglomerate IndInfravit Trust, after agreeing to pay $173 million for an additional 15.9 per cent of the toll road operator. The deal, which is scheduled for completion by the middle of May will take the CPPIB’s total stake in the investment trust to […]
Employees at two Canadian pension plans are being recognized for their responsible investment achievements. The British High Commission and the Canada Climate Law Initiative named Barbara Zvan, inaugural president and chief executive officer of the University Pension Plan, and Kim Thomassin, executive vice-president and head of investments in Quebec and stewardship investing at the Caisse […]
The Caisse de dépôt et placement du Québec is among the investors committing more than $600 million to eStruxture Data Centers Inc., a data centre provider in Montreal. The investment will fund eStruxture’s acquisition of data centre provider Aptum Technologies and additional capital expansion projects in Canada, according to a press release. The other investors […]
The Caisse de dépot et placement du Québec will join the board of cloud data company Druva Inc. as part of an agreement to invest US$100-million in the firm. The pension plan is the lead investor in Druva’s US$147-million growth round, which also saw participation from existing shareholders, according to a press release. Read: Caisse […]
Ivanhoé Cambridge, the real estate arm of the Caisse de dépot et placement du Québec, has partnered with U.S. firm GID to create an investment platform targeting industrial assets. GID Industrial’s primary focus will be on acquiring, developing and managing infill industrial product in growing markets across the U.S., with an emphasis on locations close […]
The Ontario Teachers’ Pension Plan is reporting a total-fund net return of 8.6 per cent for 2020, a year which has generated mixed financial results for Canada’s major pensions due to the impact of the coronavirus pandemic. The pension plan earned $18 billion in investment income in 2020 and its net assets reached $221.2 billion as at Dec. 31, 2020, […]
Despite adjustments to operations and investments during the coronavirus pandemic, Canada’s major pension plan leaders are maintaining a long-term view by looking ahead to a post-pandemic world. But we’re not out of the woods yet as Canada, and the rest of the world, are likely many months away from reaching herd immunity and thus life […]
An insurance holding company backed by the Caisse de dépôt et placement du Québec and the Ontario Teachers’ Pension Plan is making its inaugural transaction, valued at US$1 billion. Constellation Insurance Holdings Inc. will acquire Ohio National Mutual Holdings Inc. and its wholly-owned subsidiary Ohio National Financial Services Inc., a deal that includes both member […]
The Public Sector Pension Investment Board is among the investors in a new fund by Greensoil PropTech Ventures, a Toronto-based property-technology company. The fund, which sits at approximately US$50 million out of a US$100 million target, will invest in technologies to make the real estate industry more profitable and sustainable, according to a press release. […]