Read about the activities of CPPIB, from our inception to the present.
May 21, 2015
TORONTO, ON (May 21, 2015): The CPP Fund ended its fiscal year on March 31, 2015, with net assets of $264.6 billion, compared to $219.1 billion at the end of fiscal 2014. The $45.5 billion increase in assets for the year consisted of $40.6 billion in net investment income after all CPPIB costs and $4.9 billion in net CPP contributions. The portfolio delivered a gross investment return of 18.7% for fiscal 2015, or 18.3% on a net basis.
May 18, 2015
SINGAPORE/TORONTO, CANADA (18 May 2015) – GIC and Canada Pension Plan Investment Board (“CPPIB”) have entered into a joint venture partnership to acquire the D-Cube Retail Mall in Seoul, South Korea from Daesung Industries for a total consideration of US$263 million.
May 07, 2015
London, U.K./Toronto, Canada (May 7, 2015): Canada Pension Plan Investment Board (CPPIB) announced today that it has signed an agreement to acquire an approximate 12% stake, by investing £1.1 billion alongside Hutchison Whampoa (HWL), in the entity that will be created by merging O2 U.K. and Three U.K. CPPIB is among a number of investors including GIC Pte Ltd, Caisse de dépôt et placement du Québec, Limpart Holdings Limited, a wholly-owned subsidiary of the Abu Dhabi Investment Authority, and BTG Pactual, who have agreed to invest £3.1 billion in total in the new merged entity, alongside HWL.
Apr 13, 2015
Toronto, Ontario (April 13, 2015): Canada Pension Plan Investment Board (CPPIB) is concerned about the Saskatchewan government’s decision to temporarily prohibit certain institutional investors from purchasing farmland in the province. CPPIB will be assessing the implications of the new restrictions over the coming days.
Mar 31, 2015
London, U.K./Toronto, Canada (March 31, 2015): Canada Pension Plan Investment Board (CPPIB) and Hermes Infrastructure announced today that they have signed an agreement to invest approximately £1.6 billion (C$2.9 billion) to acquire a stake in Associated British Ports (ABP) of at least 30%, and may acquire a further 3.33% subject to pre-emption rights.
Mar 06, 2015
LONDON, U.K./TORONTO, CANADA (March 6, 2015): Canada Pension Plan Investment Board (CPPIB) announced today the acquisition of 100% of the U.K. student accommodation portfolio operating under the Liberty Living brand from the Brandeaux Student Accommodation Fund. As part of the transaction, CPPIB also acquired 100% of the Liberty Living management platform, Liberty Living Management Two Ltd., thereby creating a single, integrated company under the Liberty Living brand. The total consideration paid for the portfolio and management platform was approximately £1.1 billion.
Feb 13, 2015
TORONTO, ON (February 13, 2015): The CPP Fund ended its third quarter of fiscal 2015 on December 31, 2014, with net assets of $238.8 billion, compared to $234.4 billion at the end of the previous quarter. The $4.4 billion increase in assets for the quarter consisted of $7.3 billion in net investment income after all CPPIB costs, less $2.9 billion in cash outflows. The CPP Fund routinely receives more CPP contributions than are required to pay benefits during the first part of the calendar year and then remits a portion of those funds for benefit payments in the latter part of the year. The portfolio delivered a gross investment return of 3.3% for the quarter.
Jan 29, 2015
TORONTO, ON (January 29, 2015): Canada Pension Plan Investment Board (CPPIB) and Northleaf Capital Partners (Northleaf) announced today that CPPIB has committed an additional $330 million to the Canadian private equity market. The funds will be committed to a Canadian fund-of-funds program that will be managed by CPPIB’s longstanding investment partner, Northleaf. This investment is in addition to CPPIB’s $70 million commitment in 2014 to the Northleaf Venture Catalyst Fund. Since 2005, CPPIB has committed $1.2 billion to Canadian private equity investments through its partnership with Northleaf.
Jan 12, 2015
Toronto, Canada (January 12, 2015): Canada Pension Plan Investment Board (CPPIB) and Longfor Properties Company Ltd. (Longfor) announced today that they have formed a new joint venture for a major mixed-use development project in Suzhou, Jiangsu Province, China.
Jan 08, 2015
Toronto, Canada and Los Angeles, California (January 8, 2015): Canada Pension Plan Investment Board (“CPPIB”) and Hudson Pacific Properties, Inc. (NYSE: HPP) (“Hudson”) announced today that they have formed a joint venture through which CPPIB will purchase a 45% interest in 1455 Market Street from Hudson for US$219.2 million, before closing adjustments. Hudson, which acquired the property in December 2010, retains a 55% ownership stake along with General Partner status, and will continue to oversee management and leasing. 1455 Market Street is a 1,025,833-square-foot, 22-storey, Class-A office building that fronts an entire block along 11th Street in San Francisco’s thriving Mid-Market neighbourhood.
May 20, 2015
New York, USA and Toronto, Canada (May 20, 2015): BC European Capital IX (BCEC IX), a fund advised by BC Partners, and Canada Pension Plan Investment Board (CPPIB), together with management and other co-investors, announced today that they have signed an agreement, whereby Altice S.A. (“Altice”), a multinational cable and telecommunications company, will acquire a 70% stake in Cequel Communications Holdings, LLC (“Cequel”, and together with its subsidiaries, “Suddenlink”). Suddenlink is the seventh largest cable operator in the U.S. This transaction implies a total enterprise value for Suddenlink of approximately US$9.1 billion. Closing remains subject to standard regulatory approvals as well as CFIUS (Committee on Foreign Investment in the United States) approval, and is expected to occur towards the end of 2015.
May 15, 2015
TORONTO, CANADA (May 15, 2015): Canada Pension Plan Investment Board (CPPIB) announced today that its wholly-owned subsidiary, CPPIB Europe S.à r.l., (CPPIBE), has entered into an agreement to form a strategic joint venture with Unibail-Rodamco to grow its German retail real estate platform. The joint venture will be formed through CPPIB’s indirect acquisition of a 46.1% interest in mfi management für immobilien AG (mfi) for €394 million. In addition, CPPIB will invest a further €366 million in support of mfi’s financing strategies.
Apr 28, 2015
Toronto, Ontario (April 28, 2015): Canada Pension Plan Investment Board (CPPIB) is pleased to announce the appointment of Patrice Walch-Watson as CPPIB's Senior Managing Director & General Counsel and Corporate Secretary, and a member of the Senior Management Team, effective June 5, 2015.
Apr 07, 2015
Menlo Park, CA and Toronto, Canada (April 7, 2015): Permira, an international private equity firm, and Canada Pension Plan Investment Board (“CPPIB”), a global investment management organization, announced today that a company controlled by the Permira funds and CPPIB has signed a definitive agreement to acquire Informatica Corporation (“Informatica” or “the Company”) (NASDAQ: INFA), the world’s number one independent provider of enterprise data integration software and services, for approximately US$5.3 billion.
Mar 12, 2015
Toronto, ON, Canada (March 12, 2015): Canada Pension Plan Investment Board (CPPIB) announced today that it has acquired 172,382,000 ordinary shares of HKBN Ltd. (“HKBN”) at a price of HK$9 per ordinary share as part of HKBN’s initial public offering. CPPIB invested HK$1,551 million (US$200 million), representing an approximate 17% ownership interest.
Mar 03, 2015
London, UK and Toronto, Canada (March 3, 2015): Terra Firma and Canada Pension Plan Investment Board (CPPIB) announced today that AWAS, a Dublin-based aircraft lessor, has signed an agreement to sell a portfolio of 90 aircraft to Macquarie Group Limited (ASX; MQG; ADR: MQBKY) for a total consideration of US$4 billion. The sale is expected to close within 12 months and is subject to customary closing conditions.
Feb 01, 2015
Sydney, Australia/Toronto, Canada (February 1, 2015): Canada Pension Plan Investment Board (CPPIB) announced today that it will invest A$525 million in the Australian infrastructure sector. A consortium comprising CPPIB, Transurban Group and Queensland Investment Corporation (QIC), will build and operate a new tolled tunnel motorway located northwest of Sydney. CPPIB’s investment represents a 25% ownership interest.
Jan 27, 2015
Toronto, Ontario (January 27, 2015) – Mark Wiseman, President & Chief Executive Officer, Canada Pension Plan Investment Board (CPPIB), is pleased to announce the following senior executive appointments:
Jan 09, 2015
Hermes Real Estate, (“Hermes”) and Canada Pension Plan Investment Board (“CPPIB”) have announced the sale of two London office properties as part of their London office joint venture.