The OPSEU Pension Trust, alongside Bruc Iberia Energy Investment Partners and Green Investment Group, are acquiring two solar photovoltaic power plants that are currently under construction in Spain for about €65 million. The plants, which are set to be operational by the third quarter of 2020, will have a combined capacity of 100 megawatts and are located in Alvarado-La Risca in […]
The current market environment continues to push institutional investors into alternative assets, seeking both yield and diversification, but not all options are created equal. Hedge funds, according to JP Morgan’s alternative asset outlook, will gain further traction as new technologies capture investor attention in 2020. “As tech spending continues across industries, our managers anticipate opportunities as […]
Canadian pension funds’ median allocations to infrastructure are higher than their global counterparts, with these allocations increasing significantly since 2010. In fact, according to data provided to the Canadian Investment Review by Preqin Ltd., the median allocation to infrastructure for a global public plan was 1.7 per cent in 2010, while a Canadian public plan’s allocation was four […]
The Ontario Teachers’ Pension Plan is selling minority interests of its indirect stake in the Brussels Airport to Japan’s Government Pension Investment Fund and NSW Treasury Corp., or TCorp, the financial services provider used by the New South Wales public sector in Australia. The Ontario Teachers’ remains the largest individual shareholder in Brussels Airport. “As a […]
The Laborers’ International Union of North America’s Central and Eastern Canada Pension Fund and Freed Developments Ltd. are jointly acquiring a mixed-use site in Toronto. Fengate Asset Management Ltd. is managing the purchase on behalf of the LiUNA, taking on 21,853 square metres in real estate from Allied Hotel Properties Inc. Currently, the site holds a six-story hotel and […]
Sun Life Financial is set to take an 80 per cent stake in investment manager InfraRed Capital Partners. Headquartered in London, England, InfraRed manages global infrastructure and real estate investments. The transaction includes a closing payment of about $515 million, with InfraRed’s owners maintaining an option to sell their remaining positions in the company to […]
Sun Life Financial Inc. says it has committed about $1.05 billion for a deal that will give it majority ownership of London-based InfraRed Capital Partners, a global investment manager with a focus on infrastructure. Toronto-based Sun Life says it will pay the equivalent of $515 million (300 million pounds) to acquire 80 per cent of […]
In 2009, the Air Canada pension plan was in dire straits with a $2.6 billion solvency deficit. A decade later, it has a surplus of more than $2 billion. The complete turnaround is in part due to a new investment team that joined in 2009 and transformed the pension fund’s investments. With the $21 billion […]
The Canada Pension Plan Investment Board is investing up to US$600 million through India’s National Investment and Infrastructure Fund’s master fund. The agreement commits the CPPIB to investing US$150 million in the master fund, with the option to co-invest up to US$450 million in future opportunities alongside the fund. With this move, the CPPIB joins other institutional investors, […]
Despite continued strong markets, global institutional investors are apprehensive about what 2020 has in store, with more than half of survey respondents saying they think the next global financial crisis will hit within one to three years, according to a new survey by Natixis Investment Managers. The survey, which polled 500 institutional investors, including 145 […]