private equities – Benefits Canada.com

CPPIB establishes student housing real estate investment platform, sells holdings in sports management firm

bmcgovern — Fri, 05 Apr 2024 19:00:21 +0000

The Canada Pension Plan Investment Board is investing up to $40 million in the creation of a real estate investment platform dedicated to purpose-built student accommodation opportunities in Europe. The new group is being created through the CPPIB’s acquisition of Nido Living (which will be a wholly owned but independently-operated portfolio company), as well as its […]

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CalPERS doubling down on allocations to private market assets

bmcgovern — Fri, 22 Mar 2024 19:00:21 +0000

The California Public Employees’ Retirement System is increasing its investments in private market assets to maximize returns from its highest-performing asset classes. The pension fund said it’s increasing its private market allocations from 33 per cent to 40 per cent, according to a press release, which noted CalPERS is increasing private equity allocations from 13 […]

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HOOPP returns 9.38% for 2023, driven by equities, fixed income

bmcgovern — Wed, 13 Mar 2024 19:00:42 +0000

The Healthcare of Ontario Pension Plan is reporting an annual return of 9.38 per cent for 2023, partly due to the performance of equities and fixed income, says Michael Wissell, chief investment officer at the HOOPP. The investment organization finished the year with $112.6 billion in net assets, compared to $103.7 billion and a return of […]

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OPTrust returns 5.3% in 2023, marks 15 consecutive years at 100% funded status

bmcgovern — Wed, 13 Mar 2024 13:00:18 +0000

The OPSEU Pension Trust returned 5.3 per cent for 2023, according to its latest year-end report. It found, as of Dec. 31, 2023, the plan’s net assets stood at $25 billion, up from $24.64 billion in 2022. It also reported a funded status of 100 per cent, marking 15 consecutive years at a fully funded […]

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CPPIB investing in U.S., Italian telecommunications operators

bmcgovern — Fri, 08 Mar 2024 20:00:30 +0000

The Canada Pension Plan Investment Board is joining an investment group acquiring Italian telecommunications provider NetCo. The investment organization will acquire a 17.5 per cent stake of the company for up to $2.9 billion. The deal, which also includes Kohlberg Kravis Roberts and Co. (a subsidiary of the Abu Dhabi Investment Authority), Italian infrastructure fund F2i […]

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CPPIB cuts 10% of staff in Hong Kong office: report

bmcgovern — Thu, 07 Mar 2024 16:00:07 +0000

The Canada Pension Plan Investment Board is cutting roughly a dozen employees at its Hong Kong office, according to a report by Bloomberg. It said staff had recently been informed of the dismissals and the CPPIB would transfer the portfolios of the impacted employees to other investment teams. Following these cuts, there will be roughly […]

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OMERS returns 4.6% for 2023, driven by equities, fixed income

bmcgovern — Thu, 29 Feb 2024 14:00:22 +0000

The Ontario Municipal Employees’ Retirement System returned 4.6 per cent in 2023, or $5.6 billion, in investment income in 2023, according to its latest year-end report. It found as of Dec. 31, 2023, the plan’s net assets stood at $128.6 billion, up from $124.2 billion in 2022. It also reported a funded status of 97 per […]

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OMERS invests $546.8M in sports conglomerate, CPPIB sells stake in German wind farm assets

bmcgovern — Thu, 09 Nov 2023 16:00:38 +0000

The Ontario Municipal Employees’ Retirement System is acquiring an indirect five per cent stake in Maple Leaf Sports & Entertainment Ltd. The shares are part of a 20 per cent stake the OMERS is buying in Kilmer Sports Inc., which owns 25 per cent of MLSE. The deal is worth $546.8 million. The MLSE owns the Toronto […]

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Ontario Teachers’ appointing Bruce Crane as executive managing director, head of Asia-Pacific

bwolfe — Wed, 28 Jun 2023 19:00:36 +0000

The Ontario Teachers’ Pension Plan is appointing Bruce Crane as executive managing director and head of Asia-Pacific, effective immediately. He will lead investment activities and portfolio management across the Ontario Teachers’ offices in Hong Kong, Mumbai and Singapore. Crane joined the pension fund in 2020 as its first employee in the Singapore office. In the new […]

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PSP Investments returns 4.4% led by infrastructure investments

Gideon Scanlon — Thu, 08 Jun 2023 16:30:01 +0000

The Public Sector Pension Investment Board is reporting a net return of 4.4 per cent for fiscal 2023. As of March 31, 2023, the investment organization had $243.7 billion in net assets under management, up 5.7 per cent from $230.5 billion at the end of the previous fiscal year. It also reported a 10-year annualized […]

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