In spite of overall losses, Canadian defined benefit pension plans saw their financial positions improve on a solvency and accountancy basis in April, according to LifeWorks Inc.’s latest monthly report. An investment portfolio designed to mimic that of a typical pension saw its assets decline by 5.3 per cent over the month. Despite this, the […]
The Caisse de dépôt et placement du Québec is securing a share in a holding company consolidating two European high-speed rail companies. Alongside a group of other institutional investors, the Caisse will own a 19.31 per cent share in the Eurostar Group, a holding company that will control both Eurostar Ltd and THI Factory, which […]
The Ontario Teachers’ Pension Plan is investing in a unicorn firm behind a popular European tax app. The pension fund’s private equity subsidiary Teachers’ Venture Growth served as the lead investor in a US$220 million investment round for Taxfix. As a result of the capital infusion, the Berlin-based software provider’s valuation surpassed US$1 billion. Founded […]
The overwhelming majority (92 per cent) of British institutional investors and wealth managers are planning to increase their allocations to renewable energy in order to diversify their portfolios, according to a survey by London-based asset manager Downing LLP. The survey, which polled 100 professional investors including pension plan sponsors, institutional investors and asset managers, found […]
The Canada Pension Plan Investment Board is investing $31.25 million in a Toronto-based energy storage provider. Hydrostor Inc. provides utility integration services related to long-duration energy storage that enables grid operators to scale the renewable energy capacity of grids. The proceeds of the investment will be used to finance the development of compressed air energy […]
The Canada Pension Plan Investment Board is one of 12 pension funds being targeted by calls to divest holdings in a KKR fund. The United Food and Commercial Workers International Union has published a website calling for pension plans to divest from the KKR’s Asian Fund III. The controversy around the fund relates to its […]
The Canada Pension Plan Investment Board is entering a joint venture to develop office space in major Indian cities. According to the terms of a deal reached with Tata Realty and Infrastructure Ltd., the joint venture seeks to developing a portfolio of yet-to-be-acquired properties with a targeted value of $800 million. The cities under consideration […]
The Canada Pension Plan Investment Board is investing US$425 million in an Indian content technology platform company. Following an initial equity investment of US$50 million in VerSe Innovation Private Ltd.’s previous funding round, the CPPIB was a lead investor in the latest round with a further US$375 million. Founded in 2007, the organization operates Dailyhunt, […]
It’s a chaotic time for institutional investors. Between rising inflation and interest rates, war in Europe and an ongoing global pandemic, stock market volatility is on the rise. For those concerned about the long-term implications of these developments, here are my answers to a couple of common questions. Stock markets have risen in past interest […]
Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, is part of a joint venture acquiring a heritage listed property in Melbourne, Australia. Alongside its partner, the Ironside Group, Ivanhoé Cambridge will create 56,000 square metres of office and retail space a building known as the Younghusband Woolstores, which […]