Luge Capital, a venture capital fund backed by the Caisse de dépôt et placement du Québec, has completed a round of financing worth $75 million in order to begin its operations. The fund, which focuses on early-stage financial technology companies and artificial intelligence solutions applied to the financial services sector, first announced last fall that it had […]
The Canada Pension Plan Investment Board is issuing green bonds with an aim to boost its holdings in renewable energy and efficient buildings. Over the past year, the pension fund has indicated its intention to put more than $3 billion into the renewable energy sector to ensure it’s ready for the anticipated transition to a lower-carbon economy on […]
Lower bond yields and mixed markets drove down the median solvency ratio of Canadian defined benefit plans in May, according to Aon’s monthly survey. On June 1, 2018, the median solvency ratio stood at 100 per cent, a drop of 1.7 percentage points since the end of April. Half (51 per cent) of the plans surveyed were […]
The British Columbia Investment Management Corp. and Australian institutional funds manager IFM Investors are entering into an agreement with the Ontario Teachers’ Pension Plan to become equity partners in a Vancouver-based container terminal operator. Ontario Teachers’ will continue to hold 37.5 per cent of GCT Global Container Terminals Inc., with IFM acquiring 37.5 per cent and […]
The Public Sector Pension Investment Board is among investors taking part in a $250-million round of financing for Tradeshift, a global supply chain digital payments company. With the new round of financing, co-led by Goldman Sachs and totalling $400 million, the company is aiming to help buyers and suppliers digitize their trade transactions. “Given the rapid increase in […]
The Ontario Teachers’ Pension Plan and the California Public Employees’ Retirement System are expressing their support for the U.S. Security and Exchange Commission’s proposal for a transaction fee pilot. In a letter to the SEC indicating their support, along with the support of several other Canadian and U.S. public plans, the funds argued that technical advancements and regulatory changes […]
The Caisse de dépôt et placement du Québec is joining the Quebec government and Investissement Québec in financing a distribution facility for retailer La Maison Simons. The Caisse’s investment totals $27 million, with $17 million coming from Investissement Québec. In addition, the Quebec government is lending Simons $81 million, $51 million of which is for the purchase of automated […]
How big data can help with investment selection
Institutional investors are keeping an eye on the political instability in Italy as premier-designate Carlo Cottarelli prepares to present his ministerial picks and the market opened down 1.8 per cent on Tuesday. Last week, Italy’s president Sergio Mattarella invited the anti-establishment Five Star Movement and the League, formerly known as the Northern League, to form a coalition […]
The Caisse de dépôt et placement du Québec and the Ontario Teachers’ Pension Plan are part of a consortium of investors acquiring global energy service provider Techem GmbH. Joined by private equity firm Partners Group and Techem’s management team, the consortium is buying the Germany-based company from Macquarie European Infrastructure Fund 2, which acquired it in […]