Our investment activities are managed through three departments. Private Investments makes all of our private investments, excluding real estate. Public Market Investments invests actively and passively in publicly-traded equity and fixed income securities, including the “cash” and derivatives markets. Real Estate Investments invests primarily in private real estate equity and debt
The CPPIB emerged out of the realization in the 1990s that the CPP fund was unsustainable primarily because Canada Pension Plan benefit payments were exceeding contributions and changing demographics were leading to fewer workers supporting a growing number of retirees. Federal and provincial Finance Ministers, who act as stewards of the CPP fund, took bold action, including creating the CPP Investment Board. This new organization, operating at arm's length from governments, would invest the funds of the CPP to help ensure its long-term sustainability.