The Caisse de dépôt et placement du Québec is participating in a deal that will contribute an additional US$100 million to a U.S.-based fibre optics firm.
The investment will be used to refinance Big Fiber’s existing debt, provide new capital and facilitate the necessary headroom for major network expansions already underway, according to a press release.
“Big Fiber is well positioned to meet the growing connectivity needs of enterprises and data centers seeking new, high quality infrastructure options,” said Jérôme Marquis, managing director and head of private credit at the Caisse, in the release. “Its resilient business model, underpinned by long-term contracts and strong structural demand, positions the company well for growth.”
The Caisse is also entering an agreement to create a jointly-controlled Brazil-based power transmission platform.
The combined platform will comprise 26 electric transmission concession agreements, more than 9,000 kilometres of transmission lines and more than 400 employees, with operations spanning 17 Brazilian states, according to a press release.
The agreement is expected to close by the fourth quarter of 2026, subject to customary closing conditions and relevant consents and approval, the release noted.
In other news, CPP Investments is selling a diversified portfolio of 33 limited partnership fund interests to Blackstone Strategic Partners and Ardian, at a value of roughly $4 billion.
“This transaction was undertaken as part of our active portfolio management activities,” said Tom Kapsimalis, managing director and head of secondaries at CPP Investments, in a press release. “As a systematic buyer and seller in the secondaries market, this sale provided an attractive opportunity to optimize our exposure and supports disciplined capital allocation across our portfolio as we manage the CPP fund in the best interest of CPP contributors and beneficiaries.”
The Public Sector Pension Investment Board is entering an agreement to sell the U.S. operations of its wholly owned company FirstLight.
The U.S. portfolio comprises nearly 1.4 gigawatts of installed capacity across hydroelectric generation, energy storage and renewable assets in Massachusetts, Connecticut and Pennsylvania, according to a press release.