A fund backed by the Canada Pension Plan Investment Board and the Ontario Municipal Employees’ Retirement System is buying a stake in Indian road projects. Brookfield Asset Management Inc. is selling five road projects valued at $1.5 billion to an infrastructure investment trust — the IndInfravit Trust — partially owned by the two Canadian pension […]
The Ontario Teacher’s Pension Plan is financing a European online brokerage platform. The pension fund was the lead in a financing round for Trade Republic Bank, a technology company operating a digital investment marketplace. According to Trade Republic, the €250 million raised during the round will be used to develop the platform’s product offerings designed […]
The Ontario Municipal Employees Retirement System is entering a partnership to acquire a Dutch energy firm. The Algemene Pensioen Groep, a Dutch pension plan, and the infrastructure arm of the OMERS have reached an agreement to jointly acquire Groendus Group from NPM Capital Partners. Based in the Netherlands, Groendus is an energy transition platform created in […]
Canada’s pension plans are well positioned to succeed in a high inflation environment though stagflation remains a significant threat, according to a new report from Fitch Ratings. “The maturing nature of participant bases increases pension funds’ reliance on investment returns, as contributions and income from active members may be outpaced by benefits paid to a […]
The Ontario Teachers’ Pension Plan is entering a joint venture to develop offshore wind projects. In a deal reached with Corio Generation Ltd., the Ontario Teachers’ will receive a 50 per cent stake in the joint venture in exchange for a US$1 billion investment. The funds will be used to develop 14 fixed bottom and floating […]
The Investment Management Corp. of Ontario saw returns of 9.6 per cent in 2021, according to its annual report. The IMCO’s assets under management rose $5.7 billion during the year, reaching $79 billion. The year’s returns weren’t evenly distributed, as client pension plan gains ranged from 0.1 per cent to 11.2 per cent depending on […]
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 […]
Assets under management by private infrastructure investors are forecast to reach a record $1.19 trillion in 2022, according to a new report by Boston Consulting Group and EDHECinfra. Interest in the asset class is being fuelled by significant increases in government infrastructure spending in China, the European Union and the U.S. A few areas are […]
India’s finance minister is calling on Canada’s pension plans to invest in infrastructure projects in the world’s most populous democracy. This week, Mary Ng, Canada’s minister of international trade, export, small business and economic development met with Nirmala Sitharaman, India’s minister of finance, to exchange views on opportunities to further economic cooperation between the two […]
The Canada Pension Plan Investment Board is financing US$350 million of debt for a global education technology provider. Valued at US$3.2 million, Mumbai-based Emeritus offers individuals, companies and governments access to remote learning classes. It has earmarked the funds for use by its mergers and acquisitions team, according to a press release. This isn’t the first […]