In an open letter, John Graham, president and chief executive officer at the Canada Pension Plan Investment Board, defended the the investment organization’s current exposure to domestic markets. Canadian pension funds have recently faced criticism from business leaders about what they deemed an apparent lack of support and a preference for global investment opportunities. Graham […]
The Caisse de dépôt et placement du Québec is among a group of investors providing up to €750 million in financing to Vantage Data Centers. The Caisse and Ares Management are each contributing up to €300 million, while Schroders Capital’s private debt and credit alternatives team is contributing up to €150 million. The investment will […]
The Canada Pension Plan Investment Board plans to nearly double the size of its credit holdings over the next five years, according to reporting by Bloomberg. Andrew Edgell, the CPPIB’s global head of credit investments, said the fund expects to have more than $115 billion in credit assets by 2029, compared with about $62 billion […]
The Caisse de dépôt et placement du Québec and Gildan Activewear Inc. have reached an agreement that will see the Montreal-based apparel manufacturer issue $200 million in senior unsecured notes on a private placement basis to the investment organization. Gildan will issue notes with an annual interest rate of six per cent and will mature […]
The Canada Pension Plan Investment Board is selling 2.78 per cent of its stake in India-based supply chain and logistics operator Delhivery Ltd. The total value of the deal is roughly $110 million. Following the transaction, the CPPIB still holds a 3.18 per cent stake in the firm. The transaction also appeared in block deal […]
The Canada Pension Plan Investment Board is expanding the role of its wholly owned subsidiary Reventus Power as its dedicated global offshore wind platform. The investment organization will consolidate its existing direct and indirect offshore wind holdings into Reventus Power to build on the business’ existing global footprint and support the sector’s significant growth opportunities. To […]
Significant headwinds in the commercial real estate sector have impacted the number of transactions seen in 2023, leading institutional investors to pursue diversification at home and abroad. The totals for acquisition dispositions of office assets in 2023 were “extremely low” compared to the previous year, says Lewis Gascoigne, an investment consulting principal at Eckler Ltd., […]
The Canada Pension Plan Investment Board is investing up to $40 million in the creation of a real estate investment platform dedicated to purpose-built student accommodation opportunities in Europe. The new group is being created through the CPPIB’s acquisition of Nido Living (which will be a wholly owned but independently-operated portfolio company), as well as its […]
With the introduction of new sustainability and climate disclosure guidelines — IFRS S1 and IFRS S2 — from the International Sustainability Standard Board in January, institutional investors now have the opportunity to gain alignment in measuring environmental, social and governance risks associated with their investment portfolios. Read: Research finds pensions struggle to determine metrics for ESG […]
The decision by the Canada Pension Plan Investment Board this month to reduce 10 per cent of its China equity team based in Hong Kong is a positive move. It highlights a shift in the CPPIB’s approach to China, which previously saw the Canadian pension fund fend off accusations that its past investment activity in […]