The Ontario Teachers’ Pension Plan is selling its remaining 19.9 per cent free cash flow interest held in a mining asset to New Gold Inc. The transaction of the New Afton mine will net the investment organization US$300 million. Last year, the Ontario Teachers’ reduced its stake from 46 per cent to 19.9 per cent […]
The Canada Pension Plan Investment Board is creating a new joint venture alongside Cyrela Brazil Realty to explore opportunities in the Brazilian real estate market. The two partners have established an investment target of $400 million, primarily to develop residential condominiums in São Paulo. In a press release, Ricardo Szlejf, managing director and head of […]
The Canada Pension Plan Investment Board is reinvesting $532 million in its majority-owned Brazilian water and sanitation company Iguá Saneamento. The new financial commitment will fund the company’s growth in the Brazilian state of Sergipe, according to a press release. “This sector has significant room for growth while also providing opportunities to invest in long-term, […]
The Canada Pension Plan Investment Board is investing €550 million in Europe-based team.blue to acquire a 20 per cent interest in the firm. The total transaction gives team.blue a valuation of €4.8 billion. The digital solutions provider serves 3.3 million small- and medium-sized businesses across 22 countries. In a press release, Hafiz Lalani, managing director […]
The Caisse de dépôt et placement du Québec is buying a 15 per cent stake in a subsidiary of Brazil-based renewable energy company ENGIE Brasil Energia. The $848 million investment in Transportadora Associada de Gás S.A. increases the Caisse’s stake in the company to 50 per cent, according to a press release. “Today’s announcement is consistent […]
RendA+, an innovative bond instrument in Brazil, is serving as a relatively safe asset for defined contribution pension plans and lowering retirement risk, especially for those without a workplace pension plan. At a 2019 retirement security conference held in Brazil, Arun Muralidhar, chairman and chief investment officer at AlphaEngine Global Investment Solutions, proposed the introduction […]
The Canada Pension Plan Investment Board is investing US$30 million in reforestation efforts in Brazil’s Amazon region through a private venture partnership. The Amazon Reforestation Fund, managed by Mombak Gestora de Recursos, will also receive an equity transfer of US$500,000 from the CPPIB. It’s the first time the CPPIB is investing in Brazilian reforestation. In […]
While politics plays a role in most investment decisions, it tends to arise on a fairly localized basis, says Michael Craig, head of the asset allocation and derivatives teams at TD Asset Management Inc. In addition, its prominence as a factor usually rises and falls on a cycle, slipping easily off investors’ radar in times […]
The Canada Pension Plan Investment Board is committing $1.3 billion to a logistics fund involved in projects in major urban centres in Japan. The GLP Development Partners IV fund, managed by the Singapore-based GLP, will focus on developing modern logistics facilities in large-scale projects around Tokyo and Osaka. So far, the fund has raised $3.6 […]
MSCI Inc. is expanding its range of emerging markets tools by launching a new property index for Brazil. The new index aims to bring transparency and consistent measurement to the Brazilian property market, said an MSCI press release. “Private real asset investing has become increasingly mainstream around the world, particularly in emerging markets like Brazil […]