The Canada Pension Plan Investment Board is acquiring a 13 per cent indirect equity interest in natural gas firm Sempra Infrastructure Partners for roughly US$3 billion alongside affiliates of KKR & Co. Inc.
The transaction for a stake in the energy infrastructure firm is expected to close during the second quarter and third quarter of 2026. Natural gas plays an important role in the global energy transition, said Max Biagosch, senior managing director and global head of real assets at the CPPIB, in a press release.
“By strategically partnering with leading institutions such as KKR and Sempra, we are well positioned to advance long-term value creation in a high-quality energy infrastructure platform.”
The CPPIB is also investing in insurance brokerage, financial services and workforce consulting firm OneDigital in a deal valued at more than US$7 billion. The investment organization is completing this deal alongside Stone Point Capital through the acquisition of a stake from existing shareholders including Onex Partners, which will remain a significant minority owner.
“OneDigital’s strong culture and differentiated focus on its clients has helped create a resilient business that delivers essential advice and solutions for businesses and individuals,” said Sam Blaichman, managing director and head of direct private equity at the CPPIB, in a press release.
In other news, the Caisse de dépôt et placement du Québec entrusted $250 million to Pembroke Management Ltd. as part of its strategy to increase amounts entrusted to Quebec managers to $8 billion by 2028.
The funds will be invested through Pembroke’s concentrated strategy with a selection of approximately 15 to 20 high-quality growth companies in North America. Contributing to Quebec’s financial ecosystem is an integral part of the investment organization’s strategy, said Vincent Delisle, executive vice-president and head of liquid markets at the Caisse, in a press release.
“This mandate entrusted to Pembroke is a tangible application of this approach, which aims to maximize the performance of our portfolio while stimulating the growth of the asset management industry in Quebec.”
The Caisse is also acquiring Australian renewable energy and battery storage firm Edify Energy in an investment transaction valued at $1 billion. The investment will finance Edify’s two ready-to-build integrated solar and battery energy storage system hybrid projects.
“With our long-term capital and sustainability expertise, Edify will accelerate the delivery of large-scale renewable and storage projects that strengthen the grid and advance decarbonization,” said Emmanuel Jaclot, executive vice-president and head of infrastructure and sustainability at the Caisse.
The Public Sector Pension Investment Board is supporting Onex Corp.’s acquisition of technology-enabled insurance platform Specialty Coverages. The financial details of the transaction weren’t disclosed.
A 300,000 square feet life sciences hub developed by Oxford Properties Group, the real estate arm of the Ontario Municipal Employees’ Retirement System, opened in London, offering modern laboratory spaces.
“The UK remains a world leader in life sciences and, building on its long track record of supporting experimentation, discovery and breakthroughs, the sector will continue to grow,” said James Boadle, managing director of Europe at Oxford, in a press release.