The Caisse de dépôt et placement du Québec saw overall returns of 13.5 per cent in 2021, its best performance since 2010. By the end of last year, the institutional investor’s managed assets reached $419.8 billion, up from $342 billion at the beginning of the year. The Caisse exceeded its own performance expectations by about […]
The Canada Pension Plan Investment Board is entering a joint venture to develop multifamily residential communities in high-growth metropolitan areas of the U.S. The institutional investor has allocated US$979 million for a 96 per cent share in the venture. Its partner, LMC, a real estate management business and wholly owned subsidiary of Lennar Corp., will be […]
The California Public Employees’ Pension Retirement System is appointing Nicole Musicco as its new chief investment officer, effective March 28. She joins the CalPERS from RedBird Capital Partners, where she led the firm’s Canadian investment business. Previously, she managed the private markets investment program at the Investment Management Corp. of Ontario. She also spent 16 years […]
The Ontario Municipal Employees’ Retirement System is selling its interest in a group operating dermatology clinics in the U.S. The institutional investor will sell its minority stake in Forefront Dermatology, a single specialty group providing dermatological services out of 200 clinics located throughout the continental U.S., to the Partners Group. As part of the transaction, […]
Nearly two years after the declaration of the global coronavirus pandemic and its subsequent impact on the worldwide economy, institutional investors are looking to the future with cautious optimism. Amid a recovering economy and rising inflation, pension plan sponsors are taking a long-term investment view and staying the course in the year ahead, while incorporating […]
The British Columbia Investment Management Corp. is selling its stake in a Toronto-based trucking company. The investment manager will sell Pilot Freight Services, which specializes in transporting bulky business-to-business and business-to-consumer products, to Danish shipping company AP Moller-Maersk. According to the terms of a deal with the company’s current co-owners, the BCI and Atlanta Capital […]
The Healthcare of Ontario Pension Plan is investing in a Toronto-based fintech company offering an alternative to payday loans. The HOOPP joined the Business Development Bank of Canada as a participant in a $210 million funding round for Koho Financial Inc. The funds raised will be used to expand Koho’s workforce from 250 to 400 […]
The median return of Canadian defined benefit pension plans was 4.11 per cent for the fourth quarter of 2021, the seventh consecutive positive quarterly return following the initial reaction to the coronavirus pandemic in the first quarter of 2020. BNY Mellon Asset Management Canada Ltd.’s master trust universe, which comprises 84 Canadian corporate, public and […]
More than 100 global institutional investors and asset managers are committing to a project that seeks to standardize environmental, social and governance metrics to provide a mechanism for comparative reporting in the private equity industry. The ESG Data Convergence Project, which was launched in September 2021, now includes commitments from the British Columbia Investment Management […]
The Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board are part of a consortium acquiring an Australian infrastructure investment fund. The consortium, which also includes KKR, paid A$5.2 billion ($4.6 billion) to acquire all outstanding equities in Spark Infrastructure. The deal has been approved by Australian regulatory authorities. Spark’s assets provide electricity […]