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Fund of the Month (Aug'24): Public Sector Pension Investment Board (PSP)

1st August, 2024

PSP Investments manages the pensions of the members of the public sector pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police, and the Reserve Force. In March 2023, PSP was also appointed as the investment manager of the newly established CA$ 15 billion (US$ 10.8 billion) Canada Growth Fund mandated to help Canada speed up the deployment of clean technologies. PSP has maintained an impressive performance in the past decade, and we were delighted to speak with its CIO, Mr. Eduard Van Gelderen, about the fund’s strategy and objectives.

State Investors Back Transportation Leasing for Steady Returns and Value-Add Opportunities

26th July, 2024

An investment of more than US$600 million in US trailer lessor Transportation Equipment Network (TEN) by Abu Dhabi’s Mubadala and the Qatar Investment Authority (QIA) is the latest development in sovereign investor involvement in the transportation leasing sector.

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CPP "Close" to US$1.2bn Indian Roads Purchase

18th June, 2024

Canada’s biggest public pension fund, CPP Investments, could be close to acquiring a INR100 billion (US$1.2 billion) Indian roads portfolio from India’s quasi-sovereign wealth fund the National Investment and Infrastructure Fund (NIIF), but is up against Macquarie and infrastructure investment trust Cube Highways at the advanced bidding stage.

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Saudi Arabia's Hassana Backs the Rise of Climate Funds

16th May, 2024

TPG Rise Climate vehicle has won another state-owned investor for its carbon-cutting mission with the US$320 billion Saudi public pension fund manager Hassana – part of the General Organization for Social Insurance (GOSI) – making forming a US$1.5 billion partnership, including a “substantial anchor commitment” to the new Transition Infrastructure fund and an allocation to the TPG Rise Climate II fund.

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2024 GSR preliminary scoring finalized, consultation begins

6th May, 2024

The fifth edition of the GSR Scoreboard will be released in eight weeks’ time, on Monday, July 1. Since 2020, Global SWF has issued an annual assessment of the best practices of state-owned investors around Governance, Sustainability, and Resilience.

Canada’s Australian Farming Empire Continues to Grow

16th April, 2024

PSP Investments’ acquisition of around 8,000 hectares of farmland in New South Wales is an example of a tide of capital by Canadian state-owned investors in Australia’s vast agricultural sector.

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CDPQ and SWF-Backed Cube Highways Drive Towards US$1.2bn Indian Highways Bid

20th February, 2024

Indian highways could receive another capital boost from Canada, despite the geopolitical ructions between Delhi and Ottawa, with CDPQ among those expressing interest in acquiring a roads portfolio from India’s quasi-sovereign wealth fund, the National Investment and Infrastructure Fund (NIIF).

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NBIM’s Investment in Boston Exceeds US$3.3bn After Life Science Campus purchase

15th November, 2023

Norway’s sovereign wealth fund manager continues to pile tens of millions into Boston real estate with its latest acquisition being a life sciences campus that is in the early stages of development.

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BCI Notches Up Respectable Returns as it Continues Global Push

27th June, 2023

Canadian provincial pension fund British Columbia Investment Management Corporation (BCI) reported a 3.5% return for FY2022/23 with notably strong performances in infrastructure and emerging markets.

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Canadian Comparisons: Infrastructure Pivot Gives PSP the Edge Over CPP

9th June, 2023

The latest annual results of Canada’s federal-level public pension funds are now out and depict a significant difference in performance between the Canada Pension Plan Investment Board (CPP Investments) and the Public Sector Pension Investment Board (PSP Investments) – with infrastructure proving crucial to achieving higher yields.

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Multi-Billion Dollar Climate Funds Pick Up the Pace Thanks to Sovereign Capital

8th June, 2023

A slew of public pension fund giants have swung their weight behind Just Climate’s Climate Assets Fund I (CAF1), which has exceeded its US$1 billion target by 50% and marks the latest of several sovereign-backed billion-plus funds.

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AIMCo poaches Kevin Bong of GIC to Lead its Singapore Office

31st May, 2023

On Tuesday evening, AIMCo announced its first hire in Singapore – and to the surprise of many, it came from the global leadership group of GIC, the flagship Sovereign Wealth Fund of the island-nation.

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