Cadillac Fairview is adopting a series of sustainable investing goals to help its portfolio achieve carbon neutrality by 2050. The real estate arm of the Ontario Teachers’ Pension Plan announced it would achieve net-zero emissions in its $35-billion portfolio before 2050 in stages. During the first stage, it aims to reduce its portfolio’s carbon emissions […]
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 […]
An article on how employers can support workers as a record number of Canadians prepare to retire was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. How employers can support workers as record number of Canadians near retirement 2. Best Buy adopting remote working-first approach […]
The Ontario Teachers’ Pension Plan’s private equity arm is leading an investment round for a European health-care benefits provider. Teachers’ Venture Growth was the lead investor in a €183-million funding round for Alan, which provides companies with a range of health-care services, including health insurance. Its clients are based in Belgium, France and Spain. Following […]
The Caisse de dépôt et placement du Québec is securing a share in a holding company consolidating two European high-speed rail companies. Alongside a group of other institutional investors, the Caisse will own a 19.31 per cent share in the Eurostar Group, a holding company that will control both Eurostar Ltd and THI Factory, which […]
The Ontario Teachers’ Pension Plan is investing in a unicorn firm behind a popular European tax app. The pension fund’s private equity subsidiary Teachers’ Venture Growth served as the lead investor in a US$220 million investment round for Taxfix. As a result of the capital infusion, the Berlin-based software provider’s valuation surpassed US$1 billion. Founded […]
The Canada Pension Plan Investment Board is entering a joint venture to develop office space in major Indian cities. According to the terms of a deal reached with Tata Realty and Infrastructure Ltd., the joint venture seeks to developing a portfolio of yet-to-be-acquired properties with a targeted value of $800 million. The cities under consideration […]
The Caisse de dépôt et placement du Québec alongside several partners are participating in a US$120 million Series B funding round for a global job search platform. The new funding will allow Talent.com to further expand to further its platform by improving the relevancy and efficiency of the search experience for job seekers, according to a […]
The announcement of a new multi-employer pension plan for Canadian physicians was the most read story over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. New multi-employer pension plan coming for incorporated physicians 2. Employees want flexible working, better benefits to return to workplace: survey 3. After a strong 2021, […]
The Ontario Teachers’ Pension Plan investments returned 11.1 per cent in 2021, with its result driven by the strong performance of its private equity portfolio. The Ontario Teachers’ total fund exceeded its benchmark of 8.8 per cent, according to a press release announcing its annual results. Its private equity portfolio returned 29.9 per cent for […]