The Canada Pension Plan Investment Board is jointly acquiring an experience management software provider. The CPPIB and Silver Lake, a private equity firm, will acquire all outstanding shares in Qualtrics for US$12.5 billion. Under the terms of the agreement, existing shareholders will receive US$18.15 for each share sold. Qualtrics is known for its cloud-based subscription […]
The Canada Pension Plan Investment Board is acquiring a 49 per cent stake in one of California’s leading fossil fuel producers. The CPPIB is securing its minority stake in Aera Energy from IKAV Energy Inc., an asset management company. Following the sale, IKAV will maintain a majority stake in the firm. Founded as a joint […]
The Alberta Investment Management Corp. secured a return of 14.7 per cent in 2021, according to a press release. During the year, the AIMCo’s assets under management reached $168.3 billion, up from $146.6 billion in 2020. Following the record-breaking performance, its annualized total fund return rose to 7.4 per cent on a four-year basis and 8.6 per […]
CPPIB Credit Investments Inc., a wholly owned subsidiary of the Canada Pension Plan Investment Board, is selling 10 million shares in Battle North Gold Corp. The shares of the Canadian gold mine developer, formerly known as Rubicon Minerals Corp., sold for $1.85 per share for a total aggregate sale price of $18.5 million. The sale […]
Morningstar Inc. is taking aim at the disparate ESG disclosure requirements still hampering the investment industry. In a recent report, Morningstar explored some of the issues hindering ESG measurement tools. “Simply put, ESG disclosures from issuers are all too often inconsistent and non-comparable and material information is not always available.” One key problem, it noted, […]
As private equity investments become more commonplace in pension fund portfolios, is the asset class really worth it? According to a paper by Ludovic Phalippou, professor of financial economics at the University of Oxford’s Saïd Business School, private equity funds have failed to outperform equities over a 10-year period. But the real catch is the […]
The Public Sector Pension Investment Board posted a negative 0.6 per cent net return for the fiscal year, which ended March 31, 2020. Severe market declines in the lead up to the end of March took a heavy toll. However, the fund did outperform its reference portfolio, which saw a negative 2.2 per cent return. […]
As the novel coronavirus pandemic upended the way businesses operate, investors around the world have been able follow daily market gyrations in real time to see how public companies are being impacted and what the crisis is doing to valuations. What has been perhaps less visible is how private equity firms have responded to the […]
Despite the key differences between sovereign wealth funds and public pension plans, the two institutional investors are quite similar in that they’re large, state-owned, sophisticated pools of capital. However, on average, the two types of organizations approach their real estate investments differently, according to a new paper by McKay Price, Collins-Goodman chair in real estate […]
The Ontario Teachers’ Pension Plan posted a net return of 10.4 per cent for 2019, bringing net assets to $207.4 billion. Its $20.2 billion in investment income represents an organizational best, said Jo Taylor, the pension fund’s president and chief executive officer, on a conference call Tuesday morning, outperforming the 2018 return of 2.5 per […]