A group that includes the Investment Management Corp. of Ontario, the Public Sector Pension Investment Board and private investment firm Sandbrook Capital is acquiring a German renewable energy company that specializes in acquiring and repowering onshore wind farms. As part of the transaction, the IMCO, PSP Investments and Sandbrook will commit up to US$750 million […]
Despite the prevalence of farming in its home province, the Alberta Investment Management Corp.’s agricultural portfolio is just 13 years old, the product of a 2010 investment in converted farmland held by Australian timber producer Great Southern Group. The properties proved too arid for tree growth and were converted back to croplands for canola, wheat […]
Five Canadian pension funds are among the most transparent in the world, according to the global pension transparency benchmark, a collaboration between Top1000funds.com and CEM Benchmarking Inc. The benchmark, launched in 2021, measures the transparency of disclosures of 15 pension systems across measurements such as cost, governance, performance and responsible investing. The Canada Pension Plan […]
The Canada Pension Plan Investment Board is acquiring a significant stake in an experience management software provider. The investment organization and Silver Lake, a global private equity firm, are jointly acquiring Qualtrics for US$12.5 billion. The company designs cloud-based experience management tools used by more than 19,000 organizations. Following the acquisition, the company was de-listed […]
The British Columbia Investment Management Corp. and the Canada Pension Plan Investment Board are backing an acquisition in the agricultural industry. Bunge Ltd., an oilseed and grain trader that generated US$67.23 billion in revenue in 2022, will take over privately held rival Viterra Ltd. Under the terms of a definitive agreement, Viterra shareholders will receive […]
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 […]
Representatives from six of Canada’s largest public sector pension investment organizations addressed a special parliamentary committee on Monday. The special committee on the Canada–People’s Republic of China Relations called on the British Columbia Investment Management Corp., the Canada Pension Plan Investment Board, the Caisse de dépôt et placement du Québec, the Ontario Teachers’ Pension Plan […]
A Northern Ontario-based hydroelectric power company owned by the Public Sector Pension Investment Board is being integrated into another one of PSP Investments’ assets, a clean power producer, developer and energy storage company. The integration of H2O Power by FirstLight Power represents the latter’s first venture into the Canadian market and brings its combined portfolio to […]
A watchdog organization is criticizing a government fund dedicated to attracting investments in green technologies. “The government seems to be saying this is concessional finance,” says Adam Scott, executive director of Shift Action for Pension Wealth and Planet Health. “The goal [of the Canada Growth Fund] is to put the first money into higher risk investments […]
The 2023 federal budget, which was announced on Tuesday, includes several initiatives related to defined benefit pension plans and the broader institutional investment sector. The government said it would entrust the administration of a new federal investment fund to the Public Sector Pension Investment Board. “By partnering with PSP Investments, the Canada Growth Fund will […]