The Canada Pension Plan Investment Board is launching Renewable Power Capital Ltd., a U.K.-based platform that will focus on renewable energy investments in Europe. The platform is backed by the CPPIB’s power and renewables investment strategy and will invest in solar, onshore wind and battery storage projects across Europe, according to a press release, which also noted […]
The Canada Pension Plan Investment Board and Hudson Pacific Properties Inc. are purchasing an office tower in Seattle for US$625 million. The property is 98 per cent leased with Amazon.com Inc. occupying a majority of the building. It’s the latest investment in Seattle real estate by the partnership, which also jointly owns the nearby Hill7 office tower. “We’re pleased […]
A group of Canadian pension plan investment managers is calling on companies to standardize their environmental, social and governance disclosure to help them in their investment decision-making and better assess and manage their risks. Together, the eight fund managers oversee a total of about $1.6 trillion in assets and are committing to strengthening ESG disclosure within […]
The Public Sector Pension Investment Board is entering a definitive agreement with Loral Space & Communications Inc. and Telesat Canada to combine the two telecommunications businesses into a new Canadian public company. The PSP will own a 36.7 per cent interest in New Telesat as a result of the merger, expected to close in the […]
The Public Sector Pension Investment Board and Aviva Investors are jointly funding a new office building in Cambridge, England. The six-storey building has been fully pre-let to a flexible workspace provider, according to a press release that noted construction is expected to be completed in 2023. It’s the latest investment in Cambridge real estate by […]
The Canada Pension Plan Investment Board ended its second quarter of fiscal 2021 with net assets of $456.7 billion, up from $434.4 billion at the end of the previous quarter, according to a new report. The $22.3 billion increase in net assets for the quarter consisted of $21.6 billion in net income after all costs […]
The Canada Pension Plan Investment Board ended its second quarter of fiscal 2021 with net assets of $456.7 billion, up from $434.4 billion, according to a new report. The $22.3 billion increase in net assets for the quarter consisted of $21.6 billion in net income after all costs and $700 million in net CPP contributions. The […]
The Caisse de dépôt et placement du Québec, the Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan are entering into subscription agreements with Intact Financial Corp. to support its conditional acquisition offer for RSA Insurance Group. The Caisse, the CPPIB and the Ontario Teachers’ are committing $1.5 billion, $1.2 billion and $500 […]
The Canada Pension Plan Investment Board and TPG Capital are increasing their investment in Viking Holdings Ltd. The CPPIB and the private equity platform were already minority stakeholders in the parent company of Viking Cruises. The additional investment means about US$500 million of net proceeds will be available to support Viking Cruises continued development. Read: CPPIB invests in cruise […]
Soon after the beginning of the coronavirus pandemic, layoffs and the shift to remote working resulted in a 30-year low in female participation in the Canadian workforce, threatening to undo gains in gender equity in the workplace, according to a new report by the Canada Pension Plan Investment Board. Women have suffered the most layoffs […]