The Public Sector Pension Investment Board is buying a 7.51 per cent ownership stake in the 407 Express Toll Route from the Canada Pension Plan Investment Board. The price for the strategic stake in the Greater Toronto Area highway asset will cost roughly $2.39 billion payable at closing and a deferred payment to be made […]
The Canada Pension Plan Investment Board is appointing Ben Meng as managing director and head of investment portfolio management, effective immediately. Most recently, Meng was executive vice-president, chair of Asia-Pacific and the executive sponsor of sustainability at Franklin Templeton. Prior to that, he was chief investment officer at the California Public Employees’ Retirement System. Read: […]
The Caisse de dépôt et placement du Québec is selling 2.5 million shares in Intact Financial Corp. for a gross price of $278.60 per share. The transaction is expected to produce gross cash proceeds of roughly $696,500,000 from the offering. Overall, the deal represents 1.4 per cent of the issued and outstanding common shares in […]
An advocacy group is calling on Canada’s public pension managers to use their financial heft to more publicly work to reduce climate change as political efforts become less reliable. In a new report, Shift Action for Pension Wealth and Planet Health says Canada’s big pension funds need to recognize the power and influence they wield and to […]
The Canada Pension Plan Investment Board is reporting a 3.8 per cent return and net assets of $699.6 billion as at Dec. 31, 2024, compared to $675.1 billion at the end of the previous quarter. The $24.5 billion net asset increase is credited to positive returns in private equity and credit. However, the quarterly gains […]
Large Canadian pension funds can create and capture value in financial markets by achieving scale in strategic markets, vertically integrating parts of the value chain and reducing fee drag, coordinating key stakeholder groups and creating internal synergies within their organization, according to a new report published in the Journal of Alternative Investments. It found venture […]
The Canada Pension Plan Investment Board and the Caisse de dépôt et placement du Québec were ranked No. 3 and No. 8, respectively, among the top 10 global institutional investors with the highest total deal values in 2024, according to a new report by data platform Global SWF. Last year, the CPPIB invested US$21.1 billion while […]
The Ontario Teachers’ Pension Plan is selling its stake in Copenhagen Airports A/S to co-shareholder Arbejdmarkedets Tillægspension. The Denmark-based investor has been a joint venture partner with the investment organization and co-owner of the airport since 2017. The financial details of the transaction weren’t disclosed. “We would like to thank ATP for their collaboration and […]
The Public Sector Pension Investment Board is reporting its London-based office real estate asset is fully leased. “We are delighted that 22 Bishopsgate has reached full occupancy, marking a significant milestone for this asset,” said Stéphane Jalbert, managing director and head of Asia-Pacific and Europe, real estate investments at PSP Investments, in a press release. […]
The Canada Pension Plan Investment Board is creating a new joint venture alongside Cyrela Brazil Realty to explore opportunities in the Brazilian real estate market. The two partners have established an investment target of $400 million, primarily to develop residential condominiums in São Paulo. In a press release, Ricardo Szlejf, managing director and head of […]