Ontario Teachers' Pension Plan has purchased an additional stake in Birmingham Airport from Victorian Funds Management Corp. for an undisclosed amount.
Ontario Teachers' Pension Plan and the Public Sector Pension Investment Board (PSP Investments) have announced an agreement with Banco Santander to jointly acquire a portfolio of renewable energy and water infrastructure assets.
Institutional investors are increasingly turning to real assets to increase investment returns and manage macro-environment risks but would rethink allocations if interest rates rose significantly, finds a BlackRock survey.
Offering tax exemptions to foreign pension funds could help Canadian infrastructure projects get off the ground.
Industrial Alliance Insurance and Financial Services Inc. is making its first investment in Australia.
Ontario Teachers' Pension Plan plans to buy out its partner and take ownership of the ninth-largest airport in the United Kingdom.
Since the early 2000s, private infrastructure investing has gathered interest from institutional investors. This trend continues to accelerate as governments can no longer afford to build the roads, schools, hospitals, waste and water treatment plants, power distribution grids, etc. that are required for a successfully functioning economy. It is estimated that more than $50 trillion will be spent in new infrastructure development across Canada by 2030.
The California Public Employees' Retirement System has formed a US$500-million infrastructure partnership with UBS Global Asset Management.
Connor, Clark & Lunn Infrastructure has invested in the 5.5-megawatt Sakwi Creek Hydro Project, located just northwest of Agassiz, B.C.
Samsung Renewable Energy and Connor, Clark & Lunn Infrastructure have created a partnership to provide equity funding for the 100-megawatt Kingston Solar Project, which is among the largest solar projects in North America.