The Canada Pension Plan Investment Board is signing a strategic partnership with La Française, a third-party asset manager, to launch a new real estate investment and development vehicle called Société Foncière et Immobilière du Grand Paris. The CPPIB will hold 80 per cent of the venture while the remaining 20 per cent will be held by the Caisse […]
The Canada Pension Plan Investment Board grew its net assets by $0.2 billion during its third fiscal quarter, pushing overall assets up to $368.5 billion, off a 1.1 per cent return. “Broad declines in global public equity markets created a challenging investment environment during the quarter,” said Mark Machin, president and chief executive officer of […]
The Canada Pension Plan Investment Board is joining several other investors in purchasing Ultimate Software, a human capital management solutions provider. Led by private equity firm Hellman & Friedman, the investor group made an all cash transaction for $331.50 per share of the company, at an aggregate value of about $11 billion. After the deal, Ultimate will […]
Starting this week, the Canada Pension Plan Investment Board will receive additional Canada Pension Plan contributions to invest as part of a new CPP enhancement. Employer and employee contributions to the CPP will both increase by one per cent to 5.95 per cent by 2023. The increased contributions are being phased-in, starting with an increase […]
As new, enhanced Canadian Pension Plan contributions come into effect this year, the Canada Pension Plan Investment Board will receive and invest the increased funds. “Over the past year, CPPIB has worked to ensure that both the base CPP and the additional CPP amounts will be managed efficiently and with a view to the opportunities that may be created […]
In an effort to increase board diversity, the Canada Pension Plan Investment Board will establish a policy to vote against the chair of the board committee responsible for director nominations at its investee public companies if the board has no women directors. “We believe that companies with gender-diverse boards are more likely to achieve superior […]
The Canada Pension Plan Investment Board is adopting a new global policy to improve gender equality and increase the representation of women on corporate boards. Under the policy, the CPPIB will vote against committee chairs responsible for director nominations at investee public companies if the boards don’t have women directors. Read: CPPIB highlights efforts to encourage women on […]
The Canada Pension Plan Investment Board is investing about $665 million in an American packaging supplier as part of a recapitalization deal with private equity firm Oak Hill Capital Partners. Berlin Packaging sells plastic, glass and metal containers and provides warehousing and logistical services. Read: CPPIB partners to capitalize European logistics venture “Berlin Packaging is a market leader […]
Canada Pension Plan Investment Board is “embracing disruption” and looking to cash in on emerging shifts in the global economy, such as a move towards autonomous cars and a growing, aging population. The board benefits from a long-term investment and can look beyond any market cycle and invest based on large structural changes that will “fundamentally […]
The Canada Pension Plan Investment Board’s subsidiary, the CPP Investment Board Europe, is forming a partnership to develop logistics facilities across Europe. GLP Continental Europe Development Partners I, a partnership between the pension fund, Canadian real estate firm QuadReal Property Group and global logistics firm GLP CDP I, will develop logistics facilities in Belgium, France, Germany, Italy, the Netherlands […]