The Caisse de dépôt et placement du Québec’s real estate arm is forming a second investment vehicle for projects in the province’s urban centres. Ivanhoé Cambridge is partnering with investment firm Claridge Inc., as well as local developers, to grow its real estate portfolio in Montreal and Quebec City. Read: Ivanhoé Cambridge launches joint venture in Brazilian logistics […]
Mercer has completed the previously announced acquisition of Pavilion Financial Corp.’s investment consulting, alternatives consulting and wealth management operations. “We’re thrilled to be welcoming Pavilion to the Mercer family,” said Jean-Philippe Provost, senior partner and wealth business leader at Mercer Canada, in a press release. The deal will expand Mercer’s tools, research and investment programs, he said. ”Adding [Pavilion’s] strengths […]
The Canada Pension Plan Investment Board is buying shares in ChargePoint Inc., an electric vehicle infrastructure company, as part of a US$240 million funding round led by Quantum Energy Partners. “ChargePoint provides an attractive opportunity to invest in a market-leading business with room for expansion that aligns with our growing focus on the energy transition,” said Avik […]
The Caisse de dépôt et placement du Québec, along with the Republic of Colombia and infrastructure financier Financiera de Desarrollo Nacional, is launching an infrastructure co-investment platform. “We are very pleased to invest in Colombia with the private capital fund created by the FDN and pension fund administrators,” said Michael Sabia, president and chief executive officer of the […]
Country music icon Dolly Parton has learned through her career the value of even a small piece of intellectual property. In 1974, when Elvis Presley wanted to cover her song I Will Always Love You, she turned down the deal because Presley’s manager insisted on 50 per cent of all future royalties for the tune. […]
Seventy per cent of all capital committed to private credit is from institutional investors, according to a recent report by the Alternative Credit Council and Dechert LLP. Jiří Krόl, deputy chief executive officer of the Alternative Credit Council and the Alternative Investment Management Association, says that although private credit is a relatively new asset class, it has been […]
The Canada Pension Plan Investment Board saw a net return of 0.6 per cent for the second fiscal quarter of 2019. With a total net assets of $368.3 billion as of Sept. 30, 2018, the fund added $1.7 billion during the quarter. “While returns were relatively flat in the second quarter, our teams performed well against our […]
For the first time since the Financial Services Commission of Ontario began monitoring defined benefit pension solvency in 2009, the province’s DB plans posted a median solvency ratio above 100 per cent in the third quarter of 2018. As of Sept. 30, the solvency ratio reached 101 per cent, up from 97 per cent the previous quarter. […]
The Caisse de dépôt et placement du Quebec’s real estate investment arm, together with Prologis Inc., is launching a joint real estate venture in Brazil. The Prologis Brazil logistics venture will aim to develop and operate Brazilian logistics spaces in São Paulo and Rio de Janeiro, acquiring an initial portfolio of 641,030 square metres of operating properties along with more […]
The Ontario Municipal Employees Retirement System’s private equity arm is selling MatrixCare Holdings Inc., a health-care technology company, to ResMed Operations Inc. for about $982 million. “We first acquired MatrixCare as part of a larger acquisition in 2010,” said Mark Van Wart, managing director of OMERS Private Equity, in a press release. “Since bringing John Damgaard in as CEO in […]