The OPSEU Pension Trust is investing in Environmental 360 Solutions Inc., an eco-friendly waste management solutions company headquartered in Napanee, Ont. Furthering its commitment to responsible investing, the investment signals that environmental, social and governance factors remain a part of the pension fund’s long-term vision, noted a press release. “We are very pleased to announce our […]
The market value of assets in Canadian employer-sponsored pension plans rose to $2.09 trillion in the fourth quarter of 2019, up 2.3 per cent from the previous quarter, according to new data from Statistics Canada. All investment categories saw growth, led by real estate (4.9 per cent) and public equities (4.5 per cent), with mortgages […]
As the gap continues to widen between required infrastructure spending and actual dedicated funds, according to the G20, private infrastructure projects represent a strong opportunity for institutional investors. Speaking at TD Asset Management Inc.’s institutional investment symposium in Toronto on Wednesday, Matthew Press, the firm’s vice-president of infrastructure investments, said the funding gap in the G20 […]
The Ontario Teachers’ Pension Plan has terminated an agreement to sell its 10 per cent stake in the Hudson’s Bay Co. to a private entity. The announcement comes after HBC’s publicly traded shares rose above what the Ontario Teachers’ would have received under the Jan. 3 agreement to sell them. It had agreed to sell […]
A consortium comprising the Public Sector Pension Investment Board will soon run South Australia’s land registry and management services. Alongside Macquarie Infrastructure & Real Assets, the pension investment manager is paying the South Australian government $1.6 billion to oversee the 40-year commercialization of South Australia’s Land Services Group. “As a long-term investor, PSP Investments looks […]
An Ontario pension fund is investing close to home by taking a stake in a provider of pension administration services. OPSEU Pension Trust announced today it’s making a private equity investment in James Evans & Associates Ltd. The Vancouver-based company currently provides pension services to OPTrust and has had a relationship with the pension plan […]
The Alberta Investment Management Corp. is investing in Calgary-based oil and gas company Ikkuma Resources Corp. through a $45-million financing deal. According to the agreement, AIMCo will provide a second lien loan at an annual interest rate of 7.25 per cent. In turn, AIMCo can purchase up to 6,750,000 common shares of the company for 86 cents each […]
Caisse de dépôt et placement du Québec is investing for the third time in Fix Auto World as it expands by acquiring several competitors. The automotive repair company has agreed to buy 11 glass and automotive aftermarket companies from Skidmore Group, a diversified holding company that invests in retail, distribution and service businesses. The companies […]
The Caisse de dépôt et placement du Québec is investing $36.5 million in Eddyfi NDT Inc., a developer of inspection equipment and software for the industrial sector. The investment will make the Caisse a minority shareholder and help Eddyfi grow by allowing it to carry out foreign acquisitions. Headquartered in Quebec City, Eddyfi develops tools […]
The Alberta Investment Management Corp. is investing in Calgary-based energy company Perpetual Energy Inc. by agreeing to a $45 million debt-with-warrants financing. Under the agreement, AIMCo will purchase units of the company for $1.75 per unit totalling approximately $4.5 million. Each unit will consist of one common share and 0.21 of a common-share purchase warrant […]