The Caisse de dépôt et placement du Québec, along with the Republic of Colombia and infrastructure financier Financiera de Desarrollo Nacional, is launching an infrastructure co-investment platform. “We are very pleased to invest in Colombia with the private capital fund created by the FDN and pension fund administrators,” said Michael Sabia, president and chief executive officer of the […]
Canada Pension Plan Investment Board is “embracing disruption” and looking to cash in on emerging shifts in the global economy, such as a move towards autonomous cars and a growing, aging population. The board benefits from a long-term investment and can look beyond any market cycle and invest based on large structural changes that will “fundamentally […]
The Investment Management Corp. of Ontario has appointed Nicole Musicco as its senior managing director of private markets, effective Jan. 7, 2019. Musicco will join IMCO from the Ontario Teachers’ Pension Plan, where she was most recently the senior managing director of the plan’s public equities group. Since joining Ontario Teachers’ in 2002, Musicco’s previous roles include managing […]
While equity markets in North America experienced a difficult October, Japan’s equity markets may prove an attractive alternative given their relatively dampened valuations and companies’ historically high profit margins. “Part of the reason why we’ve started to move on our preference to upgrade Japanese equities has been that we are starting to see earnings on the […]
The Public Sector Pension Investment Board, alongside global real estate developer Tishman Speyer Properties, is selling Parisian office building Tour Pacific to Société Générale Insurance Group. After taking on the 53,000 square metre office building in 2013, the two investors renovated and refurbished it, adding 30 tenants. The building features a office spaces, a conference centre, fitness space and […]
For the first time since the Financial Services Commission of Ontario began monitoring defined benefit pension solvency in 2009, the province’s DB plans posted a median solvency ratio above 100 per cent in the third quarter of 2018. As of Sept. 30, the solvency ratio reached 101 per cent, up from 97 per cent the previous quarter. […]
The Caisse de dépôt et placement du Quebec’s real estate investment arm, together with Prologis Inc., is launching a joint real estate venture in Brazil. The Prologis Brazil logistics venture will aim to develop and operate Brazilian logistics spaces in São Paulo and Rio de Janeiro, acquiring an initial portfolio of 641,030 square metres of operating properties along with more […]
The Canada Pension Plan Investment Board is acquiring a controlling stake in Companhia Energética de São Paulo, a Brazilian hydro-generation company, through a joint venture with Votorantim Energia. The 80.2 per cent stake in the company’s common shares and 13.7 per cent in its class B preferred shares represents an investment of about $604 million. Read: CPPIB invests $272 million in […]
The Caisse de dépôt et placement du Québec is increasing its investment in an Indian solar power company to 40 per cent. The Caisse is contributing US$100 million to Azure Power Global Ltd.’s latest round of capital raising, bringing its total investment to US$240 million. “Through this investment, we are reaffirming our commitment to Azure Power and […]
Will institutional investors be able to breathe a sigh of relief now that North America has come away from the negotiating table with a new trade deal? As the new United States-Mexico-Canada Agreement replaces the long negotiated North America Free Trade Agreement, political cohesion in North America has been restored, according to Dec Mullarkey, managing director in the investment strategy […]