CPP Investments is pursuing investments in medical outpatient buildings through a new a joint venture with IRA Capital and an undisclosed global institutional investor. The investment organization will own a 47.5 per cent stake in the joint venture and allocated US$143 million of equity capital in the partnership. The joint venture will have an expected […]
The Caisse de dépôt et placement du Québec is backing Oakley Capital’s acquisition of a minority stake in Global Loan Agency Services. The London-based provider of loan administration and bond trustee services oversees more than $2.4 trillion in asset under management in the global private credit market, according to a press release. As part of […]
The Ontario Teachers’ Pension Plan is appointing Jenny Hammarlund as executive managing director of real estate, effective Jan. 5. Hammarlund will be based in London and is responsible with guiding the real estate team’s strategy, portfolio and asset management activities globally, according to a press release. She’ll report to Gillian Brown, chief investment officer of […]
The Caisse de dépôt et placement du Québec and the Public Sector Pension Investment Board are supporting an investment deal in which alternative asset manager Apollo will invest $6.5 billion for a 50 per cent stake in an offshore wind project. The transaction for Ørsted’s Hornsea 3 — a U.K.-based ongoing clean energy project — […]
The Canada Pension Plan Investment Board is investing US$1 billion in energy firm ArcLight Capital Partners LLC’s AlphaGen, one of the largest independent power portfolios in the U.S. The investment will secure the CPPIB a strategic minority position in the power generation facility operator. The accelerating demand for electricity will make these assets play a […]
The Canada Pension Plan Investment Board is acquiring a 13 per cent indirect equity interest in natural gas firm Sempra Infrastructure Partners for roughly US$3 billion alongside affiliates of KKR & Co. Inc. The transaction for a stake in the energy infrastructure firm is expected to close during the second quarter and third quarter of […]
Real estate investment trusts are offering Canadian pension funds diversified commercial real estate exposure during uncertain period for overall real estate strategy, says John Worth, executive vice-president of research and industry outreach at the National Association of REITs. The investment vehicle is increasingly providing investors with access to new and emerging property sectors like data […]
The Caisse de dépôt et placement du Québec is buying a 49.9 per cent equity interest in Canadian wireless tower infrastructure operator Terrion LP for $1.26 billion. As part of the transaction, the investment organization is getting a stake in the firm and its general partner, Terrion GP Inc., from Telus Corp. Terrion is based […]
The global real estate arm of the Ontario Municipal Employees’ Retirement System is breaking ground in a purpose-built rental project located in Scarborough, Ont. As part of the project’s development, Oxford Properties Group received a $650 million rental housing construction loan through the Canada Mortgage and Housing Corporation’s apartment construction loan program. The development will […]
The Caisse de dépôt et placement du Québec is investing $200 million in Boralex as part of a financing deal completed alongside Fondaction. The investment partner will contribute $50 million to the unsecured subordinated loan transaction with a maturity date of June 27, 2033. The Caisse has been a significant shareholder in the renewable energy […]