A climate advocacy group says oil and gas representation on the boards of Canada’s big public pensions raise concerns about conflicts of interest. In a new report, Shift Action for Pension Wealth & Planet Health said as of June 1, the boards of five of Canada’s largest public sector funds had members who are also […]
The Canada Pension Plan Investment Board is investing up to $720 million in Nido Living, a student housing operator in Europe. The financial backing will support Nido’s acquisition of Livensa Living, a student housing platform operating across Iberia owned by Brookfield Asset Management. The strategic acquisition demonstrates the CPPIB’s ongoing commitment to European student accommodation, […]
The Public Sector Pension Investment Board is closing the purchase of a 7.51 per cent minority stake in the 407 Express Toll Route from the Canada Pension Plan Investment Board. Spain-based infrastructure firm Ferrovial will retain its 48.29 per cent ownership stake for the 108-kilometre toll highway in the Greater Toronto Area, followed by the […]
The Canada Pension Plan Investment Board is selling a portfolio of 25 limited partnership fund interests in North American and European buyout funds for roughly C$1.2 billion. Ares Management Private Equity Secondaries funds and CVC Secondary Partners bought the assets in a transaction completed on March 31, 2025. In a press release, Dushy Sivanithy, managing […]
The Ontario Teachers’ Pension Plan is selling its remaining 19.9 per cent free cash flow interest held in a mining asset to New Gold Inc. The transaction of the New Afton mine will net the investment organization US$300 million. Last year, the Ontario Teachers’ reduced its stake from 46 per cent to 19.9 per cent […]
The Public Sector Pension Investment Board is selling a minority stake in AGS Airports to alternative asset manager Blackstone Inc. The deal will give Blackstone a 22 per cent stake in the firm. Airport operator AviAlliance, a wholly-owned subsidiary of PSP Investments, remains as majority shareholder with a 78 per cent stake. “We are pleased […]
Increased investment volatility could trigger additional questions on the decisions of Canadian pension funds as governance reviews come into focus, says Level Chan, a partner in the pensions practice at Stewart McKelvey. “Where there’s greater volatility, we could expect that triggering more questions about how pension plans are weathering the storm.” When responding to additional […]
An article on an Ontario court’s decision that an employer’s return-to-workplace request amounted to constructive dismissal was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Ontario court rules employer’s return-to-workplace request amounts to constructive dismissal 2. Nestle, Unifor […]
The Ontario Teachers’ Pension Plan is reporting a net return of 9.4 per cent for 2024, up from 1.9 per cent in 2023, according to its latest annual report. The investment organization underperformed its benchmark return of 12.9 per cent, equivalent to $7.6 billion in negative value add. Its net assets grew to $266.3 billion, […]
The Ontario Teachers’ Pension Plan’s venture growth arm is leading a US$175 million Series F investment round for artificial intelligence, data and analytics software company Quantexa. The latest funding round, which gives the U.K.-based company a valuation of $2.6 billion, also includes existing investor British Patient Capital. Ara Yeromian, managing director at the Teachers’ Venture […]