The Canada Pension Plan Investment Board is among a group of organizations participating in the first external investment round for Waymo, a California-based autonomous driving technology development company. Alongside other investors, the round raised US$2.25 billion. The company’s Waymo Driver has driven more than 20 million miles on public roads across more than 25 cities, as well as […]
The Public Sector Pension Investment Board, along with a consortium of other investors, is acquiring a majority stake in Lytx Inc., a video-telematics company. The investment, which was headed by global private equity firm Permira, included the Canada Pension Plan Investment Board, an affiliate of GIC Private Ltd. and HarbourVest Partners in the deal. The […]
Private equity firms are increasingly buying out venture capital-backed companies, according to a report from Pitchbook. Indeed, between 2000 and 2019, the number of venture to private equity buyouts grew at a compounded annual growth rate of 18.1 per cent, compared with buyouts overall which only grew at 9.5 per cent. According to the report, […]
Pension funds view geopolitical risk as the top risk to the financial system, followed by economic risk and climate risk, according to the Global Risk Institute in Financial Services’ annual risk outlook survey for 2019-2020. While the survey wasn’t technically broken down by pension plans versus other institutional investors, Sonia Baxendale, chief executive officer of […]
Global institutional investors believe asset managers need to up their technology game if they’re going to win the client-satisfaction war, according to a new report by Greenwich Associates. The report, which featured data from interviews with more than 150 senior decision-makers at large institutional investors in North America and Europe, found more than half believe their asset […]
The funded status of Segal Group Inc.’s model multi-employer pension plan increased three per cent in the fourth quarter of 2019, according to a new report by the actuarial firm. During the quarter, the funded status of the hypothetical plan rose from 92 per cent to 95 per cent. However, this compares to 98 per cent during […]
The Dow Jones Industrial Average started the week by dropping about 1,000 points on Monday. Then on Tuesday, it did it again. For institutional investors grappling with such fully valued equity markets, a dip like this could represent a buying opportunity. But should they go for it? The coronavirus — worries over its further spread, […]
While the OPSEU Pension Trust has been focused on responsible investing for some time, it’s bringing its sustainability activities to the next level with the introduction of a sustainable investing and innovation team. Launched in late 2019, the team’s responsibilities will include continuing to strengthen the organization’s traditional responsible investing activities. It will also have […]
The Caisse de dépôt et placement du Québec is closing a $125 million financing deal with Meridian Credit Union Ltd. The investment takes the form of subordinated private debt aimed at helping Meridian continue its growth, as well as diversify its products and services. Meridian offers both commercial and personal loans, credit cards, insurance services, mortgages and wealth management. […]
The Caisse de dépôt et placement du Québec is closing a $125 million financing deal with Canadian credit union, Meridian. The investment takes the form of subordinated private debt, with the capital aimed at helping Meridian continue its growth and the diversification of its products and services. Today, Meridian offers both commercial and personal loans, […]