The Canada Pension Plan Investment Board is committing US$225 million to the India Resurgence Fund platform, through its wholly owned subsidiary CPPIB Credit Investments Inc. The IndiaRF is a distressed-assets buyout platform, jointly sponsored by Piramal Enterprises Ltd. and Bain Capital Credit. It seeks to buy distressed assets by purchasing existing debt and equity securities, either through bankruptcy courts, directly from […]
With India attracting the attention of Canadian pension plans, what opportunities and risks exist in the country? Across all asset classes, 2018 saw US$47 billion in foreign investment transactions into India, according to Sanjeev Krishan, deals and private equity expert at PwC India, during the Canadian Investment Review’s podcast “Pension Passport.” And this year could very well surpass that number, he […]
The Canada Pension Plan Investment Board is investing US$115 million in Delhivery Pvt Ltd., a third-party logistics provider in India. Delhivery operates supply chain services in more than 2,000 Indian cities. The CPPIB made the investment through its Fundamental Equities Asia group. “The continued strong growth of e-commerce has generated significant opportunities in India’s express […]
India decided Wednesday to liberalize foreign direct investment in domestic manufacturing, coal mining and digital media, and also allow single-brand retailers to start online sales to infuse capital into the country and boost its economy. Commerce and Industry Minister Piyush Goyal said the Cabinet approved 100 per cent foreign direct investment in coal mining and […]
While emerging markets have been underperforming their developed counterparts over the past decade, this may be about to change. “Basically, everything went wrong in emerging markets in the last 10 years,” said Laurence Bensafi, deputy head of emerging markets equity at RBC Global Asset Management Inc., in a webinar hosted by the Association of Canadian Pension Management […]
With India attracting the attention of Canadian pension plans, what opportunities and risks exist in the country? Across all asset classes, 2018 saw US$47 billion in foreign investment transactions into India, according to Sanjeev Krishan, deals and private equity expert at PwC India, during the Canadian Investment Review’s podcast “Pension Passport.” And this year could […]
Indian-based infrastructure conglomerate IndInfravit Trust, whose owners include the Canada Pension Plan Investment Board and the infrastructure investment arm of the Ontario Municipal Employees’ Retirement Plan, is buying nine operational road projects from Sadbhav Infrastructure Project Ltd. The portfolio of roads, which was valued at more that $66 million rupees, or about $1.2 billion, includes seven toll roads […]
While trade risk continues to plague global economies, India and China are expected to be major emerging market growth drivers, according to State Street Global Advisors’ mid-year global outlook report. If trade relations between the the U.S. and China improve, it could lead to a recovery in emerging markets overall, the report said. Both sides […]
The Caisse de dépôt et placement du Québec is investing about US$250 million in ECL Finance Ltd., the non-banking arm of Edelweiss Financial Services. The investment is intended to enable ECL Finance to capitalize on opportunities in the credit market and bolster the group in capturing opportunities in the non-banking financial company space, according to a press […]
The Ontario Municipal Employees Retirement System’s infrastructure arm is taking on a 22 per cent stake in IndInfravit Trust, an Indian-based infrastructure conglomerate, for $160 million. IndInfravit, which owns and operates toll-road concessions, already counts the Canada Pension Plan Investment Board and Allianz Capital Partners as investors. “IndInfravit is a well-managed, world-class core infrastructure asset,” said Bruce Crane, managing director and […]