A consortium comprising the Public Sector Pension Investment Board will soon run South Australia’s land registry and management services. Alongside Macquarie Infrastructure & Real Assets, the pension investment manager is paying the South Australian government $1.6 billion to oversee the 40-year commercialization of South Australia’s Land Services Group. “As a long-term investor, PSP Investments looks […]
Vestcor Investment Management Corp. has posted a 6.16 per cent overall investment return for the year ending Dec. 31, 2016. Formerly known as the New Brunswick Investment Management Corp., it achieved a gross rate of return of 6.53 per cent and a real return of 5.03 per cent, according to its inaugural annual report. The […]
The Caisse de dépôt et placement du Québec has acquired Gelpac Inc., a manufacturer of packaging solutions for industrial products and consumer goods. Based in Quebec, the company has been operating for more than 50 years. It provides packaging services to companies across North America, including those in the food, agriculture, construction, retail and pharmaceutical […]
The Canada Pension Plan Investment Board is acquiring a stake in an independent power generator in the United States for $949 million. The CPPIB is part of a consortium of funds advised by Energy Capital Partners. The total investment in Houston-based Calpine Corp., which owns 80 power plants and sells electricity to residential, commercial and […]
The Canada Pension Plan Investment Board has announced a $32-million investment to acquire land in Pune, one of India’s largest cities, for retail real estate development. The pension fund made the acquisition through Island Star Mall Developers Pvt. Ltd, a strategic investment platform it established with Indian retail developer the Phoenix Mills Ltd. in April. […]
Target-date funds seek to provide members of defined contribution pension plans with a straightforward experience, adjusting their asset mix in a set-it-and-forget-it option geared towards achieving acceptable retirement outcomes. But the target-date fund world is diverse. There are differing features, including active and passive underlying funds, glide paths that go to or through a retirement date, […]
The Canadian Pension Plan Investment Board Europe and Allianz Capital Partners have signed an agreement to acquire a 20 per cent minority equity interest in Gas Natural Fenosa’s gas distribution business in Spain. The CPPIB and Allianz will invest about $1.3 billion and $900 million, respectively. Gas Natural Fenosa will retain the remaining 80 per cent of the business. Read: CPPIB […]
After seeing some progress in recent months, defined benefit pension plans in Ontario saw a drop in solvency levels during the second quarter. According to the Financial Services Commission of Ontario, the median solvency ratio was 89 per cent as of June 30. That was down from 93 per cent on March 31, 2017. Only […]
The private equity arm of the Ontario Municipal Employees Retirement System is selling a business software company to investment manager Partners Group for $1.72 billion. Founded in Britain, Civica provides software, digital solutions and technology-based outsourcing services to public and private sector organizations around the world. The pension fund acquired Civica in 2013 and will […]
The Canada Pension Plan Investment Board has agreed to buy a 50 per cent equity stake in a British business park for $329.6 million from Hermes Investment Management. Milton Park, which is located in Britain’s Thames Valley, provides space for established science and technology companies, as well as spin-off organizations from the University of Oxford. […]