The Canada Pension Plan Investment Board is entering a joint venture focused on the hospitality sector. The new scheme, which also includes Hamilton Pyramid Europe, a subsidiary of the Pyramid Global Hospitality Group, aims to acquire operating hotels in European gateway cities and resort destinations. The investment organization has committed €475 million (about $624 million) […]
India’s finance minister is calling on Canada’s pension plans to invest in infrastructure projects in the world’s most populous democracy. This week, Mary Ng, Canada’s minister of international trade, export, small business and economic development met with Nirmala Sitharaman, India’s minister of finance, to exchange views on opportunities to further economic cooperation between the two […]
The Canada Pension Plan Investment Board is acquiring North America’s largest marine terminal operator. A minority investor in the Ports America Group since 2014, the CPPIB has reached a deal to secure all outstanding interest in the company from Oaktree Capital Management. While the exact details of the transaction aren’t known, the management structure is […]
The Canada Pension Plan Investment Board is investing $1 billion in Amazon.com Inc.’s chief rival in the Indian e-commerce sector. The Flipkart Group, which was founded in 2007, boasted the largest share of India’s e-commerce market in 2020, significantly ahead of its closest rival Amazon. The CPPIB investment is part of a total US$3.6 billion funding round for […]
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 […]
Even amid the global chaos created by the coronavirus pandemic, China is too big an economy for institutional investors to ignore. A recent report by Greenwich Associates found the two main drivers for China allocations among institutional investors are diversification (54 per cent) and potential for alpha (31 per cent). But just as markets in Europe […]
The fast-moving coronavirus isn’t just confounding health officials. It’s also bedevilling policymakers and central bankers who are struggling to assess the economic damage from an outbreak that’s reached 37 countries and territories, infected 80,000 people and killed 2,700 worldwide. They don’t know where or how fast the virus will spread. They can’t draw on clear […]
The Caisse de dépôt et placement du Québec is teaming up with Piramal Asset Management Private Ltd. to form a US$300 million platform to invest in private credit financing opportunities in India. The Caisse contributed 75 per cent of the financing, with Piramal committing the other 25 per cent. The platform aims to provide private […]
Low interest rates and reduced trade tensions will likely buoy the global economy over the next two years and help nurture steady if modest growth. That’s the view of the International Monetary Fund, which foresees world economic growth accelerating from 2.9 per cent last year to 3.3 per cent in 2020 and 3.4 per cent […]
The Canada Pension Plan Investment Board is committing US$225 million to the India Resurgence Fund platform, through its wholly owned subsidiary CPPIB Credit Investments Inc. The IndiaRF is a distressed-assets buyout platform, jointly sponsored by Piramal Enterprises Ltd. and Bain Capital Credit. It seeks to buy distressed assets by purchasing existing debt and equity securities, either through bankruptcy courts, directly from […]