The Public Sector Pension Investment Board, alongside Pattern Energy Group Inc., is completing the acquisition of a wind power facility about 50 kilometres south of Quebec City. Pattern Energy, which will operate the facility, has taken on a 51 per cent interest for about $52 million, with the PSP taking on the remaining 49 per cent. […]
Three large Canadian pension funds are conglomerating their long-term investments in timber. The Alberta Investment Management Corp., the British Columbia Investment Management Corp. and the Public Sector Pension Investment Board have entered into an agreement to affiliate their long-term timber investments, TimberWest Forest Corp. and Island Timberlands Ltd. Partnership. Read: Where do Canada’s farms belong in […]
The Public Sector Pension Investment Board, alongside global alternative investment manager Investcorp, is taking a strategic minority stake in United Talent Agency. The capital from the two investors is aiming to boost the global talent and entertainment company’s continuing growth, expanding its core business of talent representation. Indeed, UTA recently amped up acquisitions in areas including live […]
The Public Sector Pension Investment Board has appointed Eduard van Gelderen as senior vice-president and chief investment officer. In the new role, van Gelderen will lead PSP’s total fund strategy group, overseeing multi-asset class investment strategies and total fund allocations and exposures in terms of asset classes, geographies and sectors. Read: PSP Investments posts 9.8 per cent return […]
The Public Sector Pension Investment Board has entered into a joint venture to grow its student accommodation portfolio in London, England. The agreement, with global rental housing company Greystar Real Estate Partners and global real estate investment and asset manager Allianz Real Estate, aims to double the size of the portfolio in five years. Specifically, Allianz is acquiring […]
At the end of its 2018 fiscal year, the Public Sector Pension Investment Board posted a net return of 9.8 per cent, representing $13.5 billion in income. While the result wasn’t as hefty as last year’s 12.8 per cent, the fund beat its benchmark portfolio return of 8.7 per cent. The increase in assets marks […]
Luge Capital, a venture capital fund backed by the Caisse de dépôt et placement du Québec, has completed a round of financing worth $75 million in order to begin its operations. The fund, which focuses on early-stage financial technology companies and artificial intelligence solutions applied to the financial services sector, first announced last fall that it had […]
The Public Sector Pension Investment Board is among investors taking part in a $250-million round of financing for Tradeshift, a global supply chain digital payments company. With the new round of financing, co-led by Goldman Sachs and totalling $400 million, the company is aiming to help buyers and suppliers digitize their trade transactions. “Given the rapid increase in […]
The Public Sector Pension Investment Board has entered an agreement to purchase the Downsview industrial property owned by Bombardier Inc. in Toronto for $816 million. “This investment is a perfect fit for PSP as it supports our long-term real estate investment strategy,” said Neil Cunningham, president and chief executive officer of PSP Investments. “We have […]