The Ontario Municipal Employees Retirement System is a part owner of a European medical diagnostics supply business. The OMERS has acquired 37.5 per cent of the Germany-based Amedes Group from Antin Infrastructure Partners. The investment is the Ontario-based plan’s fourth infrastructure investment in Germany. The Amedes Group, which specializes in medical testing, operates more than […]
The Canadian Pension Plan Board is appointing Suyi Kim as senior managing director and global head of private equity, effective September 15. In the new role, Kim will lead the team making private equity investments around the globe, managing assets valued at $125.1 billion. She joined the CPPIB in 2007 and most recently served as […]
The Canadian Pension Plan Investment Board is entering a co-investment partnership with the Government of Singapore Investment Corp. and Boston Properties Inc. to acquire $1 billion in office properties. The CPPIB and Boston Properties will each invest $250 million in the venture, which will target offices in Boston, Los Angeles, New York, San Francisco, Seattle and […]
The Canada Pension Plan Investment Board is investing $1 billion in Amazon.com Inc.’s chief rival in the Indian e-commerce sector. The Flipkart Group, which was founded in 2007, boasted the largest share of India’s e-commerce market in 2020, significantly ahead of its closest rival Amazon. The CPPIB investment is part of a total US$3.6 billion funding round for […]
The Canada Pension Plan Investment Board has reached a deal to sell half of its shares of a Washington-based energy company to the Ontario Teachers’ Pension Plan. According to the terms of the deal, the CPPIB will sell half of its 31.6 per cent stake in Puget Holdings to the Ontario Teachers’ and the other […]
The Canada Pension Plan Investment Board and the Alberta Investment Management Corp. are together investing $2.4 billion in the Australian digital infrastructure company BAI Communications Pty. Ltd. The funds have been earmarked to support BAI’s global growth strategy and acquisitions. BAI recently announced a partnership agreement with Transport for London to deliver high-speed mobile coverage […]
Representatives from eight of Canada’s largest pension funds — known as the Maple Eight — participated in the first meeting of the Sustainable Finance Action Council last week. On June 11, representatives of the Alberta Investment Management Corp., the British Columbia Investment Management Corp., the Caisse de dépôt et placement du Québec, the Canada Pension […]
The Canada Pension Plan Investment Board and partners have closed a $27 million series B funding round for Clir Renewables, a software start-up developing cloud-based renewable energy asset management and reporting software. Since it was founded in 2017, Clir has provided technology to support asset owners of renewable energy assets in 11 countries through its artificial intelligence-driven […]
A record return over the first full year of the pandemic has put the manager of Canada’s largest retirement fund years ahead of schedule to meet a long-term goal of having half a trillion dollars in assets by 2028. The Canada Pension Plan Investment Board reported that its funds earned 20.4 per cent net of […]
The Canada Pension Plan Investment Board is boosting its interest in Indian infrastructure conglomerate IndInfravit Trust, after agreeing to pay $173 million for an additional 15.9 per cent of the toll road operator. The deal, which is scheduled for completion by the middle of May will take the CPPIB’s total stake in the investment trust to […]