The Canada Pension Plan Investment Board is among a group of organizations participating in the first external investment round for Waymo, a California-based autonomous driving technology development company. Alongside other investors, the round raised US$2.25 billion. The company’s Waymo Driver has driven more than 20 million miles on public roads across more than 25 cities, as well as […]
The Canada Pension Plan Investment Board is strengthening its partnership with Lendlease Group in the U.K.’s built-to-rent sector with an agreement to invest in a new building at Elephant Park in south London. The transaction, which builds on the partnership first announced in January 2018 with an initial target of investing £1.5 billion in the […]
The Canada Pension Plan Investment Board is strengthening its partnership with property group Lendlease through an agreement to invest in a new building in south London. The CPPIB is set to invest about £40 million, or 50 per cent of the total investment, with Lendlease supplying the rest. “The fundamentals continue to support the Build-to-Rent […]
The Canada Pension Plan Investment Board generated a net income of $14.5 billion for its third fiscal quarter, rounding out a 7.1 per cent return for the nine months of its fiscal year so far. With $3.6 billion in net Canada Pension Plan outflows for the quarter, which ended Dec. 31, 2019, the fund saw a total […]
The British Columbia Investment Management Corp. is making a credit agreement with Knightsbridge Capital Group, an asset-based lender in Vancouver. “As BCI builds out our direct lending business for our clients, we value working with successful local businesses such as Knightsbridge Capital Group,” said Chris Beauchemin, vice-president of fixed income and foreign exchange at BCI. […]
The Caisse de dépôt et placement du Québec is joining forces with the Marcel Dutil family’s Placements CMI and the Fonds de solidarité FTQ to acquire the Canadian operations of the Canam Group, which specializes in designing and fabricating customized solutions for the construction industry. The group has signed a definitive agreement with private equity […]
FCLTGlobal, a not-for-profit institute focused on developing research and tools to encourage long-term investing, is appointing Mark Machin, chief executive officer of the Canada Pension Plan Investment Board, as its new chair of the board of directors. He takes on the role following the resignation of Mark Wiseman, the former CEO of the CPPIB, who […]
The Canada Pension Plan Investment Board is investing US$20 million in Fusion Pharmaceuticals Inc., a Hamilton, Ont.-based precision oncology company. The funds will go towards expanding the use of the company’s radiopharmaceutical platform, which attaches medical isotopes to targeting molecules to kill solid tumour cells. Read: CPPIB, BCI taking stakes in separate health-care technology companies “CPPIB’s investment reflects […]
The Canada Pension Plan Investment Board is committing US$225 million to the India Resurgence Fund platform, through its wholly owned subsidiary CPPIB Credit Investments Inc. The IndiaRF is a distressed-assets buyout platform, jointly sponsored by Piramal Enterprises Ltd. and Bain Capital Credit. It seeks to buy distressed assets by purchasing existing debt and equity securities, either through bankruptcy courts, directly from […]
While the case for creating an Alberta Pension Plan looks straightforward on the surface, it’s far from a slam dunk, according to a memo published by the C.D. Howe Institute. In the memo responding to Alberta Premier Jason Kenney’s plan to consult on whether the province should withdraw from the Canada Pension Plan and start […]