The Ontario Municipal Employees Retirement System’s infrastructure investment manager has changed its name to be better aligned with the pension fund. Borealis Infrastructure, which manages assets with enterprise values in excess of $2 billion, is now called OMERS Infrastructure Management Inc. Read: OMERS’ infrastructure arm invests in Thames Water “The name OMERS Infrastructure helps the […]
The Canada Pension Plan Investment Board is acquiring a stake in an independent power generator in the United States for $949 million. The CPPIB is part of a consortium of funds advised by Energy Capital Partners. The total investment in Houston-based Calpine Corp., which owns 80 power plants and sells electricity to residential, commercial and […]
La Caisse de dépôt et placement du Québec has posted a return of five per cent for the first half of 2017 and a five-year annualized return of 10.6 per cent. The return, which is for the six months ended June 30, 2017, represents an improvement from the same period last year when the Caisse […]
After seeing some progress in recent months, defined benefit pension plans in Ontario saw a drop in solvency levels during the second quarter. According to the Financial Services Commission of Ontario, the median solvency ratio was 89 per cent as of June 30. That was down from 93 per cent on March 31, 2017. Only […]
The Ontario Teachers’ Pension Plan is acquiring a Spain-based funeral services company. On Monday, investment manager 3i Group announced it was selling Memora Funeral Services to Ontario Teachers’ for $170 million. The company has 115 parlours, 24 crematoriums, 13 cemeteries and 91 retail outlets in southwestern Europe. “Memora presents a unique opportunity to invest in a sector […]
CBRE Group Inc. is acquiring a majority interest in Toronto-based investment management business Caledon Capital Management Inc. Upon closing, Caledon will be renamed CBRE Caledon Capital Management Inc. and will operate as a separate business unit under CBRE’s independently operated investment management subsidiary, CBRE Global Investors. With experience in infrastructure and private equity investing, many […]
The government of Canada is providing $1.3 billion for a light-rail project spearheaded by Caisse de dépôt et placement du Québec. The additional capital will help the Caisse’s infrastructure arm, CDPQ Infra, proceed with constructing the 67-kilometre transit system that will connect the greater Montreal area. “The [light-rail network] is one of the most ambitious […]
Documents raise new questions about taxpayer risk in Liberal infrastructure bank.
A large imbalance in supply and demand and a competitive environment for traditional alternative asset classes are leading institutional investors to look at more creative investment opportunities, including agriculture and farmland, renewable energy and middle-market private credit. During a panel discussion at a CFA Society event in Toronto on Wednesday, Sandra Bosela, managing director and […]
The Public Sector Pension Investment Board has acquired a 40 per cent interest in Aerostar Airport Holdings, the operator of the Luis Muñoz Marín International Airport in San Juan, Puerto Rico. The interest was acquired from funds managed by Oaktree Capital Management. Mexican airport group Grupo Aeroportuario del Sureste (ASUR), which is already a 50 […]