The Public Sector Pension Investment Board and the Alberta Teachers’ Retirement Fund Board are acquiring all issued and outstanding common shares of AltaGas Canada Inc. The Canadian company holds natural gas distribution utilities, as well as renewable power generation assets. In the transaction, the cash offering of $33.50 per common share is an approximate 31 per cent premium on AltaGas’ closing […]
The Caisse de dépôt et placement du Québec is committing $50 million towards Quebec seed funds and is charging venture capital firm Teralys Capital with supporting the funds it invests in. Seed funds are venture capital funds dedicated to supporting new startups with financing and ongoing support. “Without a rich and dynamic startup ecosystem, there is a risk of considerably fewer […]
The Caisse de dépôt et placement du Québec’s real estate arm Ivanhoé Cambridge, along with real estate manager ICAMAP, is taking over EasyHotel, a European budget hotel chain. The hotel chain, which was started by the founder of EasyJet Airline Company Ltd., targets the super-budget segment of the market. It has a total of 39 hotels […]
The Canada Pension Plan Investment Board is investing in Axel Springer, a European digital publisher that’s active in more than 40 countries. The investment is through the pension fund’s wholly-owned subsidiary CPPIB Europe, alongside funds advised by KKR. The offer, at 63 euros per share, was made this past June in partnership with Axel Springer’s major shareholders, Friede Springer and Mathias Döpfner, […]
Investment management fees for certain asset classes have declined substantially, especially in sectors where managers have been under pressure from new competitors, cheaper alternative strategies or heightened visibility on total costs. The findings are contained in a new study conducted by bfinance, analyzing changes in management fees since 2016. Using proprietary data culled from actual […]
The massive uptick in private equity investing is changing how companies raise capital. The private equity industry has grown by 500 per cent since 2000, according to research by Willis Towers Watson’s Thinking Ahead Institute. It found the increased interest from institutional investors is leading growing companies to seek fresh capital from the private markets rather […]
Pension funds are diversifying into alternatives in an increasingly challenging environment for returns. But many of the traditional characteristics institutional investors seek to achieve by investing in alternatives may not actually be present depending on the particular asset class, said Michael Sager, vice-president and client portfolio manager in multi-asset and currency management at CIBC Asset […]
The Caisse de dépôt et placement du Québec is making a US$50 million equity investment in San Francisco-based electric scooter share firm Bird Rides Inc. The organization operates electric scooters in more than 100 cities around the world. It’s currently expanding into Canada, with launches in Calgary and Edmonton earlier this year. And it undertook a 10-day […]
The Public Sector Pension Investment Board is taking over Webster Ltd., an Australian agribusiness company, for A$854 million. While the PSP already owns 19.1 per cent of Webster’s ordinary shares, its subsidiary PSP BidCo is acquiring the total remaining ordinary shares for A$2 per share, which is a 57 per cent premium on Webster’s most recent closing […]
The Ontario Teachers’ Pension Plan is launching a venture incubator called Koru, which aims to create, test and build scalable new digital businesses. “Koru is a clear demonstration of Ontario Teachers’ partnership model of investing,” said Ziad Hindo, chief investment officer at the Ontario Teachers’, in a press release. “It provides us with an entirely […]