Public Sector Pension Investment Board – Benefits Canada.com

PSP Investments generates 7.2% annual return, net assets increase to $264.9BN

bmcgovern — Tue, 18 Jun 2024 13:00:09 +0000

The Public Sector Pension Investment Board ended its fiscal year on March 31, 2024, generating a net return of 7.2 per cent, up from 4.4 per cent the previous fiscal year, according to its latest annual report. The investment organization held $264.9 billion in net assets under management, up 8.7 per cent from the end […]

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Caisse investing $500MN in National Bank of Canada, backing EV charging station operator

bmcgovern — Fri, 14 Jun 2024 19:00:11 +0000

The Caisse de dépôt et placement du Québec is investing $500 million in National Bank of Canada to support its acquisition strategy for Canadian Western Bank. The acquisition deal is worth $5 billion and will give National Bank a presence in Western Canada. Following the Caisse’s investment in National Bank, it will become the second […]

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Ontario Teachers’ gains minority stake in new alternative lender, UPP backs U.K. locomotive operator

bmcgovern — Mon, 01 Apr 2024 19:00:47 +0000

The Ontario Teachers’ Pension Plan is gaining a minority stake in a new financial entity resulting from a merger between Fairstone Bank of Canada and Home Trust Company. The new group will have a national branch and broker network to offer residential and commercial mortgages, personal loans, credit cards, retail financing, auto financing, digital lending […]

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Caisse sells 1.3% of shares in insurance firm, BCI buys ownership stake in Australian agriculture operator

bmcgovern — Thu, 29 Feb 2024 20:00:55 +0000

The Caisse de dépôt et placement du Québec is selling 1.3 per cent of the issued and outstanding common shares it holds of insurance provider Intact Financial Corp. The investment organization will sell about 2.3 million shares at a price of $227.10 per share, resulting in gross proceeds of approximately $525 million. Once the transaction […]

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PSP Investments reports $48.9BN exposure to green assets

bmcgovern — Tue, 26 Sep 2023 14:30:33 +0000

Investments in low-carbon activities leading to positive environmental impacts make up 16.2 per cent of the Public Sector Pension Investment Board’s total assets under management, according to a new report by PSP Investments. A report reviewing the investment organization’s sustainability progress found its current green assets represent $48.9 billion. It credits its ‘green asset taxonomy’ […]

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Public sector workers, retirees calling on removal of Imperial Oil director from PSP board

Jennifer Paterson — Tue, 01 Aug 2023 16:00:18 +0000

Working and retired public sector employees from across Canada are calling on the federal government to remove Miranda Hubbs, director of Imperial Oil Ltd., from the board of the Public Sector Pension Investment Board with cause. In a letter sent to Prime Minister Justin Trudeau and his cabinet today, 39 PSP Investments’ members and retirees […]

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PSP Investments appointing Oliver Duff as senior VP, global head of credit investments

lbailey — Thu, 12 Jan 2023 14:00:11 +0000

The Public Sector Pension Investment Board is appointing Oliver Duff as senior vice-president of global head of credit investments. Duff joined PSP Investments in 2016 and was previously the organization’s managing director of private debt. Prior to joining the PSP, he was the global head of leveraged finance and European head of capital financing at HSBC Bank. The […]

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BCI and partners’ real estate fund completes $805 million closing, PSP invests in insurance-linked strategy

mschmit — Thu, 05 Nov 2020 05:10:17 +0000

A real estate fund created by the British Columbia Investment Management Corp., QuadReal Property Group and RBC Global Asset Management Inc. is receiving $805 million in equity commitments from Canadian institutional and individual investors. The second round, which closed on Oct. 30, 2020, exceeded subscription targets and comes on the heels of the initial closing […]

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Institutional investors increasing focus on renewables in infrastructure investments

mschmit — Thu, 26 Mar 2020 05:04:06 +0000

When it comes to global infrastructure investments, Canadian pension funds are at the forefront. In fact, seven Canadian institutional investors made the list of the top 20 infrastructure investors worldwide, according to a report by Preqin Ltd. “Between them, these top institutions have invested a total of $106 billion in the infrastructure asset class through […]

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Several Canadian institutional investors committing to fintech venture fund

mschmit — Tue, 03 Dec 2019 08:23:26 +0000

The Caisse de dépôt et placement du Québec and the Public Sector Pension Investment Board are among several institutional investors committing $427 million in the final closing of Portag3 Ventures II, a fund focused on early stage investments in the global financial technology sector. This is Portage3 Ventures’ second fintech fund, which to date has […]

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