global infrastructure – Benefits Canada.com

IMCO returns 5.6% for 2023, driven by public equities

bmcgovern — Thu, 11 Apr 2024 13:00:26 +0000

The Investment Management Corp. of Ontario is reporting a net return of 5.6 per cent for 2023, with net assets increasing to $77.4 billion. The investment organization’s year-end report found public equities returned 18 per cent in 2023, followed by global credit (7.7 per cent), fixed income (5.9 per cent), private equity (5.7 per cent), […]

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CPPIB and Ontario Teachers’ reinvesting in India infrastructure fund

bmcgovern — Fri, 22 Mar 2024 19:00:12 +0000

The Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan are reinvesting in an infrastructure trust sponsored by the National Highways Authority of India. The CPPIB and the Ontario Teachers’ renewed their financial commitment to the infrastructure fund through a new capital raise, contributing $297 million and $298 million, respectively. The total respective […]

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What does the Thames Water debacle mean for investment risk management?

Jennifer Paterson — Tue, 18 Jul 2023 13:00:08 +0000

As Thames Water Utilities Ltd. came under fire this month for its financial mismanagement and poor environmental record, the debacle highlights institutional investors’ responsibilities around due diligence and risk management. “Thames Water should act as a kind of warning,” says Andrew Clare, a professor and chair in asset management at the City, University of London’s […]

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OMERS to acquire Dutch energy infrastructure solutions business, Ontario Teachers’ investing in Australian industrial site

Jennifer Paterson — Tue, 11 Jul 2023 16:00:22 +0000

The Ontario Municipal Employees’ Retirement System’s infrastructure arm, alongside APG Asset Management on behalf of Dutch pension fund ABP, is signing an agreement to acquire an energy infrastructure solutions business. Kenter, which was previously owned by Alliander Corporate Ventures, provides medium-voltage infrastructure, including transformers and switchgear, and metres to more than 25,000 commercial and industrial […]

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Oxford Properties acquiring Banff hotel; OMERS, CPPIB funding Indian infrastructure acquisitions

Gideon Scanlon — Tue, 20 Jun 2023 16:30:58 +0000

The Ontario Municipal Employees’ Retirement System’s real estate arm is jointly acquiring a hotel in Banff National Park, Alta., alongside Accor, a French hospitality business. Oxford Properties Group and its partner will acquire the Rimrock Resort Hotel, a 333-room hotel in the Bow Valley. It’s the first hotel the real estate investor has acquired since […]

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IMCO energy storage business secures U.K. credit facility, Caisse’s Indian warehouse network receives solar upgrade

Gideon Scanlon — Tue, 30 May 2023 16:30:33 +0000

A renewable energy company owned by the Investment Management Corp. of Ontario is securing a £175 million credit facility. Pulse Clean Energy, which was formerly known as Green Frog Power, will use the three-year facility to fund the expansion of its battery storage capacity in the U.K. The battery storage facilities are used to store […]

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IMCO investing in digital infrastructure fund; Caisse, Ontario Teachers’ co-owned insurer acquiring Chilean annuity portfolio

Gideon Scanlon — Thu, 11 May 2023 16:30:01 +0000

The Investment Management Corp. of Ontario is entering into a new fund that owns a British fibre optic business. The fund was launched as part of a broader effort to recapitalize the EuNetworks Group, an internet infrastructure and network operator in which the IMCO holds a minority stake. The company, which manages 17 fibre internet […]

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CPPIB-backed green energy service provider launching in Brazil

Gideon Scanlon — Tue, 28 Mar 2023 16:30:03 +0000

The Canada Pension Plan Investment Board is entering a joint venture focused on providing services to support Brazil’s transition away from fossil fuel reliance. Alongside Votorantim Group, the CPPIB is launching Floen, which will support the scaling of innovative technologies and business models with the potential to accelerate the energy transition, according to a press […]

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AIMCo sees ‘silver lining’ to higher inflation, interest rates

Gideon Scanlon — Thu, 23 Feb 2023 17:00:30 +0000

Marlene Puffer, chief investment officer of the Alberta Investment Management Corp., believes many public market asset classes are under-priced as a result of inflation and interest rate hikes in 2022. “The persistent rise in inflation caught many central banks off guard, forcing them to undertake the most aggressive interest rate hiking cycle seen in decades,” […]

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CPPIB, Ontario Teachers’, PSP backing Indian infrastructure funds

Gideon Scanlon — Thu, 22 Dec 2022 17:00:27 +0000

Three Canadian pension investment organizations are backing three government-backed infrastructure investment funds in India. The Canada Pension Plan Investment Board, the Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board are among a group of investors backing the new infrastructure funds, which were announced by the Indian government in November. The three funds, which […]

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