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 […]
A joint-venture formed in 2019 by the Ontario Municipal Employees Retirement System, along with Altice, Allianz Capital Partners and AXA Investment Managers’ real assets division, is gearing up to purchase wholesale fibre operator, Covage. The venture, SFR FttH, has made an exclusivity agreement regarding Covage for a total cash consideration of €1 billion, with the […]
The Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan are increasing their positions in Mexican infrastructure firm Impulsora del Desarrollo y el Empleo en América Latina. IDEAL has 18 concessions throughout Mexico, including 13 toll roads, three logistics terminals and two wastewater treatment plants, as well as an electronic toll collection service business and an operations […]
While the amount of alternative assets in institutional portfolios is holding relatively steady, the type of investments making up allocations to alternatives are shifting. Current allocations to alternatives rose just one per cent to 25 per cent since 2018, according to the latest research from EY. While hedge funds remain the largest contributor to the […]
The Canada Pension Plan Investment Board saw a 2.3 per cent return, net of all costs, in the second quarter of its 2020 fiscal year for its base account and a 1.9 per cent return for its additional account. “CPPIB continued to deliver steady returns this quarter,” said Mark Machin, president and chief executive officer of […]
The Public Sector Pension Investment Board and Aviva Investors are teaming up to invest £250 million in a commercial property in Cambridge, U.K. The agreement marks the second time the two organizations have teamed up on a real estate investment. In 2015, they invested in a portfolio of commercial properties in central London, currently valued at more than £400 million. […]
Mario Draghi leaves as head of the European Central Bank credited with having rescued the eurozone from disaster with a well-timed phrase and bold action to back up his words. He expanded the bank’s arsenal of crisis-fighting tools with new and unconventional policies, measures that he and others say helped end a financial crisis in […]
The Caisse de dépôt et placement du Québec and the Ontario Teachers’ Pension Plan are partnering with Anurag Chandra, former chief executive officer of Prosperity Life Insurance Group, to launch Constellation Insurance Holding, a new platform focused on property and casualty and life insurer acquisitions and demutualizations. “Constellation plans to invest in stock and mutual […]
The Public Sector Pension Investment Board is closing the largest private construction loan in Washington, D.C. history alongside Hoffman-Madison Waterfront. The first phase of the wharf, a waterfront neighbourhood that includes residential, hotel, office, retail real estate and public spaces like waterfront parks and piers, opened in 2017. This latest loan is for the second phase of its development. […]