Following a recapitalization led by the Ontario Teachers’ Pension Plan and BC Partners, GFL Environmental Inc. is merging with Waste Industries. The two companies will form an entity valued at approximately $3.65 billion, with the transaction set to close in the last quarter of 2018. When combined the companies will operate environmental services and waste […]
The Caisse de dépôt et placement du Québec is investing about $128 million in further supporting Hopper, a Montreal-based travel booking app. The app, which topped 30 million installs over the past year, intends to use the funding to expand its market presence globally and continue to develop its artificial intelligence capacities, according to a press release. Hopper […]
The Public Sector Pension Investment Board, together with its investment partner Tishman Speyer Properties, is selling a mixed-use property in the west end of London. The building, Verde SW1, was sold to Deka Immobilien, a global real estate investment manager, for an undisclosed sum. It comprises 318,000 square feet for leasing, more than 10 floors of office space, […]
Just one Canadian pension fund ranked in the top 20 global funds based on their responses to the recommendations of the task force on climate-related financial disclosures, according to new research by the Asset Owners’ Disclosure Project. The Ontario Teachers’ Pension Plan, which was awarded a BBB rating, placed No. 16 out of the top 100 […]
The Ontario Municipal Employees Retirement System’s infrastructure arm is taking on a 50 per cent stake in the BridgeTex Pipeline Co. for $1.438 billion. With the purchase, OMERS will be the largest shareholder of the company, which owns the BridgeTex pipeline and transports crude oil from Colorado City, Texas to refineries in Houston. “OMERS’ investment in BridgeTex is consistent with […]
The Public Sector Pension Investment Board, alongside Pattern Energy Group Inc., is completing the acquisition of a wind power facility about 50 kilometres south of Quebec City. Pattern Energy, which will operate the facility, has taken on a 51 per cent interest for about $52 million, with the PSP taking on the remaining 49 per cent. […]
Three large Canadian pension funds are conglomerating their long-term investments in timber. The Alberta Investment Management Corp., the British Columbia Investment Management Corp. and the Public Sector Pension Investment Board have entered into an agreement to affiliate their long-term timber investments, TimberWest Forest Corp. and Island Timberlands Ltd. Partnership. Read: Where do Canada’s farms belong in […]
The Public Sector Pension Investment Board, alongside global alternative investment manager Investcorp, is taking a strategic minority stake in United Talent Agency. The capital from the two investors is aiming to boost the global talent and entertainment company’s continuing growth, expanding its core business of talent representation. Indeed, UTA recently amped up acquisitions in areas including live […]
The Public Sector Pension Investment Board has appointed Eduard van Gelderen as senior vice-president and chief investment officer. In the new role, van Gelderen will lead PSP’s total fund strategy group, overseeing multi-asset class investment strategies and total fund allocations and exposures in terms of asset classes, geographies and sectors. Read: PSP Investments posts 9.8 per cent return […]
The Public Sector Pension Investment Board has entered into a joint venture to grow its student accommodation portfolio in London, England. The agreement, with global rental housing company Greystar Real Estate Partners and global real estate investment and asset manager Allianz Real Estate, aims to double the size of the portfolio in five years. Specifically, Allianz is acquiring […]