The Alberta Investment Management Corp. and the Canada Pension Plan Investment Board are reinvesting in a telecommunications infrastructure provider to support its acquisition of a U.S. digital network provider. BAI Communications Inc., a Toronto-based internet and telephone network service provider, is acquiring ZenFi Networks Inc, a New York-based digital infrastructure provider specializing in roaming services […]
The British Columbia Investment Management Corp. generated returns of 7.4 per cent during the year ending on March 21, 2022, according to its annual report. During the year, the investment organization’s net assets surpassed the $200-billion mark, rising from $199.6 billion to $211.1 billion. The results were hampered by the Russian invasion of Ukraine and […]
The Caisse de dépôt et placement du Québec is increasing its stake in an Indian power company. In an agreement reached with CLP Power India Private Ltd., the organization will increase its stake in Apraava Energy Ltd. by 10 per cent for a full 50 per cent investment in the building. Founded in 2002, the […]
The Canada Pension Plan Investment Board is selling its stake in a U.K. wireless utilities provider. Through the deal reached with Digital 9 Infrastructure, an investment fund from Triple Point Investment Management, the investment organization will receive $585 million for its stake in the Arqiva Group Ltd. The transaction, which is subject to customary conditions […]
The Ontario Municipal Employees’ Retirement System is acquiring an Australian developer owner and operator of telecommunications towers. Following the acquisition, the OMERS will consolidate the Stilmark Group with another telecommunications tower business it bought from TPG Telecom Ltd. in May. The assets will be managed by OMERS Infrastructure, which also manages a number of Australian assets, […]
A fund backed by the Canada Pension Plan Investment Board and the Ontario Municipal Employees’ Retirement System is buying a stake in Indian road projects. Brookfield Asset Management Inc. is selling five road projects valued at $1.5 billion to an infrastructure investment trust — the IndInfravit Trust — partially owned by the two Canadian pension […]
The Ontario Teacher’s Pension Plan is financing a European online brokerage platform. The pension fund was the lead in a financing round for Trade Republic Bank, a technology company operating a digital investment marketplace. According to Trade Republic, the €250 million raised during the round will be used to develop the platform’s product offerings designed […]
The Ontario Municipal Employees Retirement System is entering a partnership to acquire a Dutch energy firm. The Algemene Pensioen Groep, a Dutch pension plan, and the infrastructure arm of the OMERS have reached an agreement to jointly acquire Groendus Group from NPM Capital Partners. Based in the Netherlands, Groendus is an energy transition platform created in […]
Canada’s pension plans are well positioned to succeed in a high inflation environment though stagflation remains a significant threat, according to a new report from Fitch Ratings. “The maturing nature of participant bases increases pension funds’ reliance on investment returns, as contributions and income from active members may be outpaced by benefits paid to a […]
The Ontario Teachers’ Pension Plan is entering a joint venture to develop offshore wind projects. In a deal reached with Corio Generation Ltd., the Ontario Teachers’ will receive a 50 per cent stake in the joint venture in exchange for a US$1 billion investment. The funds will be used to develop 14 fixed bottom and floating […]