Worldwide private equity fundraising hit US$692 billion in 2019, surpassing the asset class’s peak in 2007. Private equity activity trended towards fewer but larger funds seeing commitments from investors, according to a new report by the Callan Institute. Buyout funds, in particular, saw a leap in commitments, jumping to 55.1 per cent of commitments overall in 2019, up […]
If climate change represents one of the largest systemic risks the global economy has ever faced, dealing with its ramifications is going to move a lot of money. The world’s youth have taken to the streets calling on their governments for massive, co-ordinated policy change, but it hasn’t yet manifested. Any piecemeal regulatory shifts suffer […]
Historically, the Canada Pension Plan Investment Board’s credit functions were scattered across the organization. But in 2018, the pension fund consolidated its credit investments into one department to gain synergies. Before the merger, the CPPIB’s principal credit investment group was within the private investments team, its private real estate debt group was within the real […]
The Canada Pension Plan Investment Board has completed its purchase of all outstanding common shares of Pattern Energy Group Inc. Pattern is no longer traded on the NASDAQ and will shortly be de-listed from the Toronto Stock Exchange. The CPPIB bought each outstanding share for $26.75 in cash. Read: CPPIB buying U.S.-based renewable energy developer “Pattern Energy has a high-quality operating portfolio of contracted […]
The Caisse de dépôt et placement du Québec is purchasing infrastructure developer and operator Plenary Americas, the North American branch of Plenary Group Ltd. As part of the deal, the Caisse is acquiring Plenary Americas’ operating business, as well as a controlling stake in its existing public-private partnership portfolio. Read: Caisse buys more shares in Indian solar […]
While Canadian pension plans are looking further afield for real estate opportunities, are there fresh buys on the home front? Rental apartments are one subset of the asset class that Canadian plans should consider for domestic growth, says Jeffrey Olin, president, chief executive officer and portfolio manager at Vision Capital Corp. Millennials are growing up, […]
The majority (79 per cent) of pension fund and private equity professionals expect their passive private equity allocations to either stay the same or increase in 2020, according to a new survey by Torys LLP. Pension funds, in particular, cited competition for new investment opportunities (65 per cent) and pressure from limited partners to provide co-investment […]
The Healthcare of Ontario Pension Plan’s board of trustees has named Jeff Wendling the new president and chief executive officer, effective April 1, 2020. Since joining the plan in 1998 as a senior portfolio manager on the public equities team, Wendling has had a long career at the plan. He led the public equities team […]
The Caisse de dépôt et placement du Québec is acquiring 717,701 additional shares of Azure Power Global Ltd., bringing its total holdings in the company to 24,259,272 shares, or 50.9 per cent of the total outstanding stock. Azure Power is an independent Indian solar-power producer with a portfolio of assets generating more than seven gigawatts. “We have built […]
Northcrest Developments, a real estate subsidiary of the Public Sector Pension Investment Board, is launching a development project in Toronto, alongside the Canada Lands Co. The site, known as Downsview, is 520 acres and includes the Downsview Airport, which is slated for closure in 2023. While details of the development plans are largely unknown, a consultation process on how best […]