Two senior executives at the Canada Pension Plan Investment Board are about to reach retirement themselves. Nick Zelenczuk, senior managing director and chief operations officer, will be retiring effective May 31, 2018. Formerly the board’s chief financial officer, he joined in 2009. Graeme Eadie, who announced last July that he would be stepping back from his role […]
The Canada Pension Plan Investment Board has invested a further US$1.1 billion in its U.S.-based student housing portfolio. As part of its joint venture with global investment firm GIC Private Ltd. and the Scion Group, a U.S. owner and operator of student housing communities, the pension fund has acquired 24 new assets across 20 campuses. “This is a compelling investment […]
The Canada Pension Plan Investment Board is making an initial investment of $272 million as part of a joint venture focusing on investments and developments in Brazil’s power generation sector. The partnership, with Brazilian energy company Votorantim Energia, a subsidiary of the Votorantim Group, enables the CPPIB to “establish a footprint in the attractive Brazilian power […]
Canada is the eighth-largest investor in new coal projects around the world, according to a new report by German non-profit organization Urgewald. Of the top 100 investors in companies developing new coal plants listed in the organization’s report, the Caisse de dépôt et placement du Québec ranked No. 72, with $433 million invested. The Canada Pension Plan Investment Board just […]
The Canada Pension Plan Investment Board is investing $1.13 billion for a 30 per cent stake in Britain-based BGL Group Ltd. The distributor of insurance and household financial services, which has 8.5 million customers, is behind several brands, including price comparison website Comparethemarket.com, as well as insurance providers Dial Direct and Budget Insurance. Read: CPPIB to acquire Ascot Underwriting […]
Stretched valuation concern CPPIB head
The large number of Canadians who fear the Canada Pension Plan won’t be around when they retire reflects a misplaced belief, said Canada Pension Plan Investment Board president and chief executive officer Mark Machin on Tuesday. Machin discussed the sustainability of the national pension plan during his keynote speech at a 2017 symposium held in Toronto by Advocis, the […]
The Canada Pension Plan fund returned 2.5 per cent after all costs during the second quarter of fiscal 2018. It ended the second quarter with net assets of $328.2 billion, up from $326.5 billion at the end of the first quarter. The $1.7 billion net increase in assets for the quarter consisted of $2.3 billion in net income […]
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. […]