The Caisse de dépôt et placement du Québec and the Public Sector Pension Investment Board are supporting an investment deal in which alternative asset manager Apollo will invest $6.5 billion for a 50 per cent stake in an offshore wind project. The transaction for Ørsted’s Hornsea 3 — a U.K.-based ongoing clean energy project — […]
Five of Canada’s largest pension funds earned high marks for their public reporting efforts, according to a new report from Top1000funds.com and CEM Benchmarking Inc. It ranked pension funds on their costs, governance, performance and responsible investment efforts. Canada’s pension system received an average overall score of 92 out of 100, a one-point increase from […]
The Canada Pension Plan Investment Board is acquiring a 13 per cent indirect equity interest in natural gas firm Sempra Infrastructure Partners for roughly US$3 billion alongside affiliates of KKR & Co. Inc. The transaction for a stake in the energy infrastructure firm is expected to close during the second quarter and third quarter of […]
The Public Sector Pension Investment Board is reporting $75.5 billion worth of green assets in its fiscal year 2025, up from $64.9 billion during the previous year, according to the investment organization’s latest climate disclosure report. Carbon-intensive assets held by the investment organization declined by 23 per cent compared to fiscal 2024 while its transition […]
The late-stage venture and growth investment arm at the Ontario Teachers’ Pension Plan is investing US$40 million in artificial intelligence-powered human capital management platform Darwinbox. As part of the transaction, the Teachers’ Venture Growth is acquiring a stake in the technology firm through primary and secondary transactions. Darwinbox is driving an impressive adoption rate in the […]
The Canada Pension Plan Investment Board is selling its 49 per cent stake in Island Star Mall Developers Private Ltd. to Phoenix Mills Ltd. and its affiliates. The investment organization is expecting the net proceeds from the sale to reach nearly $871 million. The asset was established by the CPPIB and Phoenix Mills in 2017 […]
The Caisse de dépôt et placement du Québec is investing $200 million in Boralex as part of a financing deal completed alongside Fondaction. The investment partner will contribute $50 million to the unsecured subordinated loan transaction with a maturity date of June 27, 2033. The Caisse has been a significant shareholder in the renewable energy […]
The Public Sector Pension Investment Board is closing the purchase of a 7.51 per cent minority stake in the 407 Express Toll Route from the Canada Pension Plan Investment Board. Spain-based infrastructure firm Ferrovial will retain its 48.29 per cent ownership stake for the 108-kilometre toll highway in the Greater Toronto Area, followed by the […]
The Public Sector Pension Investment Board is reporting a 12.6 per cent return for the fiscal year ended March 31, 2025, up from 7.2 per cent in the previous fiscal year. The complementary portfolio, which focuses on investments that aren’t within the mandate of an existing asset class but have strategic benefits to the total […]
The Canada Pension Plan Investment Board is selling an office asset portfolio based in Western Canada to Oxford Properties, the global real estate arm of the Ontario Municipal Employees’ Retirement System. The deal will see it transfer a 50 per cent interest in the portfolio, which includes seven downtown office properties in Calgary and Vancouver, […]