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Read about the activities of CPPIB, from our inception to the present. 

May 31, 2016

News release

Cairn Capital and Canada Pension Plan Investment Board enter into agreement with Globalworth Real Estate Investments Ltd.

London, U.K., and Toronto, Canada (May 31, 2016): Cairn Capital, through its newly formed European Commercial Mortgage Fund (Cairn), and Canada Pension Plan Investment Board (CPPIB) through its wholly-owned subsidiary, CPPIB Credit Investments Inc. (CPPIB Credit), today announced they have signed a commitment to purchase a €180 million bond secured on properties owned by Globalworth Real Estate Investments Ltd. (AIM: GW) (Globalworth). CPPIB Credit will acquire €150 million of the bond, with funds managed by Cairn Capital purchasing the remaining €30 million. The bond is secured by prime real estate assets in Bucharest, Romania and is a single tranche transaction, listed on the Channel Islands stock exchange.

May 20, 2016

Editorial

We have new leadership, but CPPIB’s active strategy remains the same

This year marks the 50th anniversary of the Canada Pension Plan and the 10th anniversary of a defining strategic decision by CPP Investment Board (CPPIB), which manages the CPP Fund. That decision was to actively manage the money in the CPP Fund, rather than leave it sitting in basic bonds and stock indexes.

May 19, 2016

News release

CPP Fund Totals $278.9 Billion at 2016 Fiscal Year-End

TORONTO, ON (May 19, 2016): The CPP Fund ended its fiscal year on March 31, 2016 with net assets of $278.9 billion compared to $264.6 billion at the end of fiscal 2015. The $14.3 billion increase in assets for the year consisted of $9.1 billion in net investment income after all CPPIB costs and $5.2 billion in net CPP contributions. The portfolio delivered a gross investment return of 3.7% for fiscal 2016, or 3.4% net of all costs.

May 19, 2016

News release

CPPIB Appoints Mark Machin as President & Chief Executive Officer

Toronto, Canada (May 19, 2016) – The Board of Directors of Canada Pension Plan Investment Board (CPPIB) today announced that Mark Machin, currently CPPIB’s Senior Managing Director & Head of International, has been appointed President & Chief Executive Officer, effective June 13, 2016. Current President & Chief Executive Officer Mark Wiseman advised the Board early this year of his plans to leave CPPIB to pursue a senior leadership role with BlackRock. 

May 19, 2016

Article

Ten Years of Active Management

In 2006, CPPIB decided to adopt an active management strategy as a means of improving the overall returns of the CPP Fund. Given that ten years have passed since that decision, we thought we’d take the opportunity to step back and assess its impact to date. While a decade is too short a period to form conclusions, we can get a general sense of how our active investment approach is tracking.

Apr 28, 2016

News release

Cinven and Canada Pension Plan Investment Board to acquire Hotelbeds Group

London, UK and Toronto, CANADA (April 28, 2016) -- European private equity firm Cinven and Canada Pension Plan Investment Board (‘CPPIB’) today announced an agreement to acquire Hotelbeds Group (‘Hotelbeds’ or the ‘Company’), the global provider of travel services based in Spain, from Tui Group for a total enterprise value of €1.165 billion.

Apr 06, 2016

News release

Canada Pension Plan Investment Board Signs Agreement to Acquire a Significant Strategic Stake in Glencore Agricultural Products

Toronto, Canada (April 6, 2016): Canada Pension Plan Investment Board (CPPIB) announced today that one of its wholly owned subsidiaries has entered into an agreement to purchase 40% of Glencore Agricultural Products (Glencore Agri) from Glencore plc for US$2.5 billion. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the second half of calendar 2016.

Mar 30, 2016

News release

Canada Pension Plan Investment Board Invests €480 Million in the Mandatory Exchangeable Facility of LeasePlan

Toronto, Canada (March 30, 2016): Canada Pension Plan Investment Board (CPPIB) announced today that its wholly owned subsidiary, CPPIB Credit Investments Inc., has completed the funding of €480 million in the Mandatory Exchangeable Facility of LeasePlan. This investment was made to support the acquisition of LeasePlan by a consortium of long-term investors (“the Consortium”).

Mar 14, 2016

News release

CPPIB extends credit operations in India through agreement with Kotak

Mumbai, India and Toronto, Canada (March 14, 2016): The Kotak Mahindra Group signed an agreement today with Canada Pension Plan Investment Board (CPPIB) for investment in stressed assets in India. The agreement facilitates a total investment of up to US$525 million in the asset class, with CPPIB having the ability to invest up to US$450 million.  

Mar 07, 2016

News release

Hermes and CPPIB Announce an Extension to their Regional JV through Paradise Birmingham

Toronto, Canada/London, United Kingdom (March 7, 2016) - Hermes Investment Management, the £23 billion manager focused on delivering superior, sustainable, risk adjusted returns to its clients – responsibly, and Canada Pension Plan Investment Board (CPPIB), a professional investment management organization that invests on behalf of 19 million Canada Pension Plan contributors and beneficiaries, have announced that CPPIB is committing to a 50% share in the £150 million first phase of the £1 billion Paradise Birmingham development.

Feb 19, 2016

Article

Canada’s top ten public pension funds among the largest in the world

Heralded as “Maple revolutionaries” by The Economist Magazine in 2012, Canada’s largest public pension funds have garnered an international reputation for their success – and their unique approach to investment management. A study conducted by Boston Consulting Group (BCG) provides a compelling look at the impact and size of the ten largest of these funds, dubbed “the Top Ten”, of which CPPIB leads the pack. 

Feb 18, 2016

News release

Canada Pension Plan Investment Board and Welltower Form Joint Venture in Portfolio of Seniors Housing Properties in Florida

Toronto, Canada/Toledo, Ohio (February 18, 2016) – Canada Pension Plan Investment Board (CPPIB) and Welltower Inc. (NYSE:HCN) announced today that they have formed a joint venture to purchase a 97.5% interest in a portfolio of six seniors housing properties in Florida, known as Aston Gardens. CPPIB is a 45% owner of the joint venture and Welltower owns the remaining 55%. The aggregate purchase price was US$555 million for the interest of the joint venture. Discovery Senior Living (DSL) owns the remaining 2.5% and operates the properties.

Feb 16, 2016

News release

GLP and Canada Pension Plan Investment Board Establish Second Japan Development Venture

Tokyo, Japan / Toronto, Canada (February 16, 2016) – GLP, the leading global provider of modern logistics facilities, and Canada Pension Plan Investment Board (“CPPIB”), one of the leading retirement funds in the world, announced the establishment of a 50:50 joint venture, GLP Japan Development Venture II (“GLP JDV II”), with total equity commitments of JPY100 billion (USD 873 million). GLP JDV II is expected to reach US$2 billion over three years. The Venture’s investment strategy allows it to sell assets to GLP J-REIT, providing higher flexibility and attractive returns. GLP JDV II is expected to commence construction of new developments in 2016. 

Feb 16, 2016

Article

CPPIB employees give back to their communities

CPPIB: A sense of purpose and giving back    At CPPIB, we are united and motivated by our shared sense of purpose -- to help provide Canadians with a foundation for financial security in retirement. It’s this same sense of purpose that compels our employees to give back to our communities, through both personal and collective activities. We’re humbled by our responsibility. And we’re proud of the efforts our employees make to improve the lives of others.

Feb 12, 2016

News release

Canada Pension Plan Investment Board Forms Joint Venture with Hammerson to Acquire Stake in a Regional U.K. Shopping Centre

Toronto, Canada  (February 12, 2016): Canada Pension Plan Investment Board (CPPIB) announced today that it has entered into an agreement to form a 50:50 joint venture with Hammerson in relation to the Grand Central Shopping Centre (Grand Central) in Birmingham, U.K. CPPIB’s total acquisition cost for 50% of Grand Central will be £175 million.

Feb 10, 2016

News release

CPP Fund Totals $282.6 Billion at Third Quarter Fiscal 2016

TORONTO, ON (February 10, 2016): The CPP Fund ended its third quarter of fiscal 2016 on December 31, 2015, with net assets of $282.6 billion, compared to $272.9 billion at the end of the previous quarter. The $9.7 billion increase in assets for the quarter consisted of $12.3 billion in net investment income after all CPPIB costs, less $2.6 billion in CPP cash outflows. The CPP Fund routinely receives more CPP contributions than required to pay benefits during the first part of the calendar year, partially offset by payments exceeding contributions in the final months. The portfolio delivered a gross investment return of 4.6% for the quarter, or 4.5% net of all costs. 

Jan 27, 2016

Thought leadership

Long-term portfolio guide: Reorienting portfolio strategies and investment management to focus capital on the long term

Since the 2008 financial crisis, there has been plenty of discussion about the perils of short-termism, but concert­ed action to remedy them is lagging. In Focusing Capital on the Long Term, aHarvard Business Review article published in January 2014, Dominic Barton of McKinsey & Company and Mark Wiseman of the Canada Pension Plan Investment Board argue that “the single most realistic and effective way to move forward is to change the investment strategies and approaches of the players who form the cornerstone of our capitalist system: the big asset owners...Action must start with [them]. If they adopt investment strategies aimed at maximizing long-term results, then other key players—asset managers, corporate boards, and company executives—will likely follow suit”.

Jan 26, 2016

Article

Acknowledging CPP’s 50th anniversary

January 1, 2016 marked the New Year and also a special milestone for Canadians:  the 50th anniversary of the establishment of the Canada Pension Plan (CPP).

Jan 21, 2016

News release

Six of the World's Largest Institutional Investors Support Innovative New Index as a Powerful Tool to Focus Markets on the Long Term

DAVOS, January 21, 2016: Following today’s launch of the S&P Long-Term Value Creation (LTVC) Global Index, designed to measure companies that have the potential to create long-term value based on sustainability criteria and financial quality, six of the world’s largest institutional investors voiced their support for the Index as a powerful catalyst to influence corporate and investor behaviour. As an immediate indicator of this potential, a number of these investors have committed to initially allocate approximately US$2 billion to funds tracking the S&P LTVC Global Index, with others closely examining their options for allocating capital in support of the Index. This amount is expected to grow substantially.

Jan 12, 2016

Article

Why we have an on-the-ground presence in India

With roughly 17.5% of the world's population and an economy whose growth has is outpaced the world, India represents a key market for us. The opening of our office in Mumbai on October 27th 2015, in India's financial capital, was a significant milestone in our evolution to being a truly global investment organization. Our new Mumbai office is our sixth internationally, joining existing operations in Hong Kong, London, Luxembourg, New York and Sao Paulo. 

Jan 04, 2016

News release

Canada Pension Plan Investment Board, GIC and The Scion Group to Acquire University House Communities Group

Toronto, Canada/Singapore/Chicago, USA (January 4, 2016) – Canada Pension Plan Investment Board (“CPPIB”),  GIC and The Scion Group LLC (“Scion”) announced today that they have formed a student housing joint venture entity, Scion Student Communities LP (together with its subsidiaries, “the Joint Venture”). The Joint Venture, through its subsidiary, UHC Acquisition Sub LLC, has signed an agreement to acquire University House Communities Group, Inc. (“UHC”), a leading student housing portfolio in the United States, for a total consideration of approximately US$1.4 billion, including the cost to complete current development projects, from InvenTrust Properties Corp.