PSP – Benefits Canada.com

BCI invests in corporate services, Caisse sells IT shares, PSP acquires construction project

Gideon Scanlon — Thu, 03 Mar 2022 14:00:30 +0000

The British Columbia Investment Management Corp. is investing in a global corporate services provider. Through the agreement, which was reached with majority investor Corsair Capital, the institutional investor will secure a minority stake in the Zedra Group. Founded in 2016, Zedra offers its clientele, which includes individuals, pension plans and corporations, a range of financial services. […]

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PSP buys out majority co-investor in U.K. rail company, BCI sells share in property portfolio

Gideon Scanlon — Thu, 09 Sep 2021 16:59:33 +0000

The Public Sector Pension Investment Board is buying a majority stake in a passenger rail sector business it’s been invested in for the past 13 years. According to the terms of the deal, PSP Investments and asset management company Amber Infrastructure Group Holdings Ltd. will buy a 51 per cent stake in Angel Trains Ltd. […]

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BCI sells blinds company, Caisse joins education tech funding round, PSP invests in London office space

Gideon Scanlon — Wed, 04 Aug 2021 16:00:25 +0000

The British Columbia Investment Management Corp. is selling its interest in a window covering company. The BCI and its co-owner AEA Investors Ltd. signed a definitive agreement to sell Springs Window Fashions to Clearlake Capital Group. Under the terms of the deal, Springs’ chief executive Eric Jungbluth will continue to lead the company following the transfer of […]

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Ontario Teachers’, PSP, IMCO investing in net-zero fund, Caisse in medtech fund

Gideon Scanlon — Wed, 28 Jul 2021 19:00:45 +0000

Three of Canada’s largest pension funds are investing in a new fund focused on the global transition to a net-zero economy. The Brookfield Global Transition Fund, founded by Brookfield Asset Management Inc., closed its funding after raising US$7 billion ($8.8 billion) with the help of the Investment Management Corp. of Ontario, the Ontario Teachers’ Pension Plan […]

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Ontario Teachers’ investing in AI-based hiring platform

Gideon Scanlon — Tue, 22 Jun 2021 13:00:36 +0000

The Ontario Teachers’ Pension Plan is leading a US$138 million ($172 million) Series C funding round for Beamery Ltd., a company with an artificial intelligence-based online platform aimed at helping companies engage and retain talented people. Beamery uses AI in its operating system, allowing employers to quickly sift through candidates. In the first three months […]

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PSP reporting 18.4% net return for fiscal 2021

bwolfe — Tue, 22 Jun 2021 13:00:20 +0000

The Public Sector Pension Investment Board is reporting a net return of 18.4 per cent in fiscal 2021. As of March 31, 2021, the PSP had $204.5 billion in net assets under management, up 20.4 per cent from $169.8 billion at the end of the previous fiscal year. The PSP also reported a 10-year annualized […]

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Canada’s largest pension funds come together at inaugural climate change event

Gideon Scanlon — Wed, 16 Jun 2021 13:00:10 +0000

Representatives from eight of Canada’s largest pension funds — known as the Maple Eight — participated in the first meeting of the Sustainable Finance Action Council last week. On June 11, representatives of the Alberta Investment Management Corp., the British Columbia Investment Management Corp., the Caisse de dépôt et placement du Québec, the Canada Pension […]

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PSP buying permanent water rights in Australian orchards

mschmit — Wed, 04 Dec 2019 08:04:08 +0000

The Public Sector Pension Investment Board is buying 89,085 megalitres of permanent water rights from Olam Orchards Australia Pty Ltd. for a total of A$490 million. “Our agreement with Olam Orchards Australia is consistent with our strategy to partner with best-in-class operators who take the long-term view and to invest in high-quality agricultural assets globally,” […]

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PSP investing in U.K. student housing

mschmit — Tue, 26 Jun 2018 09:18:37 +0000

Joint venture will see PSP grow its London portfolio

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