The Canada Pension Plan Investment Board is appointing Mark Evans as a director for a three-year term. Evans spent 15 years with Goldman Sachs Group Inc. until 1999, before working with various firms as an investor in the technology sector. He’s currently working with several early stage tech companies. “With his appointment and assistance, the […]
The Canada Pension Plan Investment Board and the Public Sector Pension Investment Board are part of a group investing in a new US$350-million fund focused on artificial intelligence. Radical Ventures, the company launching the fund, is a venture capital firm that invests in entrepreneurs involved in technology aimed at developing AI products, or applying AI, to […]
The Canadian Pension Plan Investment Board and the Public Sector Pension Investment Board, along with Apax Partners, have agreed to sell Acelity Inc. and its subsidiary Kinetic Concepts Inc. to the 3M Co. for $6.73 billion. “CPPIB is pleased to have supported KCI’s delivery of medical devices and products that benefit millions of patients around the […]
As the British Columbia Investment Management Corp. released its 2018 annual responsible investing report, it also announced it made the list of the top 25 most responsible asset allocators. The 25 most responsible asset owner list was released by the New America’s Responsible Asset Allocator Initiative, which was announced at the World Bank’s annual spring […]
A New Democratic Party member of parliament is proposing to legislate responsible investing into the mandate of the Canadian Pension Plan Investment Board. Alistair MacGregor, the MP for the British Columbia riding of Cowichan-Malahat-Langford, has drafted a bill to amend section 35 of the CPPIB Act to prevent the board from investing in companies that have […]
The Canada Pension Plan Investment Board is investing $750 million in Aqua America Inc., the second largest publicly traded water and wastewater utility based in the U.S. The investment is an important step in Aqua’s efforts to obtain permanent financing for their pending acquisition of Peoples Natural Gas Co., according to a press release, which noted the acquisition will […]
OMERS Ventures, the venture capital investment arm of the Ontario Municipal Employees Retirement System, is expanding into Europe with the launch of a 300 million euro fund. Focusing on innovative technology startups, the fund’s aim is to support a multi-year global strategy for OMERS, following a major uptick in startup activity in Europe, according to a release. […]
While 17 per cent of current investments by large public corporations are green, fewer than five per cent of corporate green investments in 2017 were financed by certified green bonds, which have the potential to play a bigger role, according to a report by Corporate Knights and the Climate Bonds Initiative. The report, which covered […]
The Investment Management Corp. of Ontario is appointing Christian Hensley as the new senior managing director of public equities and credit, effective April 9, 2019. His previous experience includes several senior roles at the Canada Pension Plan Investment Board, including managing director and head of relationship investments. Before he joined the CPPIB, Hensley worked in private equity and growth […]
The OPSEU Pension Trust is partnering with several investment firms to buy three buildings in the downtown Toronto financial district. The properties are anchored to the Dynamic Funds Tower, the OPTrust’s current corporate headquarters. The other investors include the Great-West Life Real Estate Fund, the London Life Real Estate Fund and I.G. Investment Management Ltd. […]