The Caisse de dépôt et placement du Québec is providing US$150 million in financing to a U.S. fibre optic network company. Everstream Solutions operates a 43,000 kilometre fibre optic network and 63 data centres in the U.S. The capital, provided by the Caisse through its subsidiary CDPQ Revenu Fixe VIII Inc., will be used to increase […]
The Ontario Pension Board, the administrator of province’s public service pension plan, generated a return of 9.4 per cent in 2021. In its yet-to-be released 2021 annual report, the OPB also reported its assets under management had grown to $33.8 billion, up from $31 billion the previous year. It also improved its solvency ratio by […]
Directors, trustees and investment managers at Canada’s largest public pension funds are deeply involved in the fossil fuel sector, according to a new report by Shift Action for Pension Wealth and Planet Health. It found 56 staff members from the largest public sector pension plans hold 76 different corporate director roles at 39 different fossil […]
The Ontario Teachers’ Pension Plan’s private equity arm is leading an investment round for a European health-care benefits provider. Teachers’ Venture Growth was the lead investor in a €183-million funding round for Alan, which provides companies with a range of health-care services, including health insurance. Its clients are based in Belgium, France and Spain. Following […]
In spite of overall losses, Canadian defined benefit pension plans saw their financial positions improve on a solvency and accountancy basis in April, according to LifeWorks Inc.’s latest monthly report. An investment portfolio designed to mimic that of a typical pension saw its assets decline by 5.3 per cent over the month. Despite this, the […]
The Caisse de dépôt et placement du Québec is securing a share in a holding company consolidating two European high-speed rail companies. Alongside a group of other institutional investors, the Caisse will own a 19.31 per cent share in the Eurostar Group, a holding company that will control both Eurostar Ltd and THI Factory, which […]
The overwhelming majority (92 per cent) of British institutional investors and wealth managers are planning to increase their allocations to renewable energy in order to diversify their portfolios, according to a survey by London-based asset manager Downing LLP. The survey, which polled 100 professional investors including pension plan sponsors, institutional investors and asset managers, found […]
The Canada Pension Plan Investment Board is providing $300 million in credit to a global restructuring and investment advisory firm. The financing of Gordon Brothers, a Boston company that provides capital to businesses, will be delivered through the CPPIB’s subsidiary, CPPIB Credit Investments Inc. The funds will be used to fund capital investment offerings. In 2021, these offerings generated more […]
The Canada Pension Plan Investment Board is investing $31.25 million in a Toronto-based energy storage provider. Hydrostor Inc. provides utility integration services related to long-duration energy storage that enables grid operators to scale the renewable energy capacity of grids. The proceeds of the investment will be used to finance the development of compressed air energy […]
The Alberta Investment Management Corp. secured a return of 14.7 per cent in 2021, according to its annual report. During the year, the AIMCo’s assets under management reached $168.3 billion, up from $146.6 billion in 2020. Following the record-breaking performance, its annualized total fund return rose to 7.4 per cent on a four-year basis and 8.6 per […]