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

Aug 21, 2015

Canada Pension Plan Investment Board Completes Acquisition of Antares Capital

Toronto, ON/Chicago, IL (August 21, 2015): Canada Pension Plan Investment Board (“CPPIB”) and Antares Capital (“Antares”) today announced that, Antares Holdings, a subsidiary of CPPIB Credit Investments Inc. (“CPPIB Credit Investments”), has successfully completed the acquisition of Antares Capital, alongside Antares management, from GE Capital. Previously announced on June 9, 2015, the transaction is valued at approximately US$12 billion, including the acquisition of certain related loans from third parties. CPPIB Credit Investments’ equity investment is approximately US$3.9 billion.

Aug 14, 2015

CPP Fund Totals $268.6 Billion at First Quarter Fiscal 2016

TORONTO, ON (August 14, 2015): The CPP Fund ended its first quarter of fiscal 2016 on June 30, 2015, with net assets of $268.6 billion, compared to $264.6 billion at the end of fiscal 2015. The $4.0 billion increase in assets for the quarter consisted of a net investment loss of $0.2 billion after all CPPIB costs and $4.2 billion in net CPP contributions. The portfolio’s gross investment return was flat for the quarter (0.01%), or -0.1% on a net basis.

Aug 04, 2015

Canada Pension Plan Investment Board and HCN Form Joint Venture in Portfolio of Medical Office Buildings in Southern California

Toronto, Ontario/Toledo, Ohio (August 4, 2015): Canada Pension Plan Investment Board (CPPIB) and Health Care REIT, Inc. (NYSE:HCN) (HCN) announced today that they have formed a 45%/55% joint venture to hold a portfolio of medical office buildings in Southern California. The joint venture will initially own a 50.5% interest in the portfolio and the seller, who contributed the portfolio in exchange for a mix of operating partnership units and cash, will retain a 49.5% ownership stake. It is expected that the joint venture’s stake will increase to 100% if/when the seller converts their operating partnership units into HCN stock or cash. The entire portfolio is valued at US$449 million. 

Jul 08, 2015

Canada Pension Plan Investment Board and Hermes Infrastructure Complete Investment into Associated British Ports

London, U.K./Toronto, Canada (July 8, 2015): Canada Pension Plan Investment Board (CPPIB) and Hermes Infrastructure announced today that they have completed the acquisition of a 33.33% stake in Associated British Ports from GS Infrastructure Partners and Infracapital.  All closing conditions and regulatory approvals have been met for the transaction, which was first announced on 31 March 2015.

Jun 22, 2015

SPREP Pte Ltd. Acquires IT Park in Chennai, India

Toronto, Canada and Mumbai, India (June 22, 2015) – SPREP Pte Ltd., a company formed as a part of the strategic alliance in 2013 between Canada Pension Plan Investment Board (CPPIB) and Shapoorji Pallonji Group, today announced its first acquisition. 

Jun 02, 2015

Intu Properties PLC and Canada Pension Plan Investment Board Announce Creation of New Joint Venture Through Puerto Venecia Shopping Centre

LONDON, U.K. and TORONTO, CANADA (June 2, 2015): Intu Properties plc (“Intu”) and Canada Pension Plan Investment Board (“CPPIB”) – through its wholly-owned subsidiary, CPP Investment Board Europe S.à r.l. – are forming a joint venture to jointly own Puerto Venecia shopping centre in Zaragoza, Spain. This new joint venture complements the existing partnership Intu and CPPIB have in Spain through the Parque Principado shopping centre in Oviedo.

May 20, 2015

BC Partners and Canada Pension Plan Investment Board to Sell 70% Stake in Suddenlink

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

Canada Pension Plan Investment Board Enters Into a Strategic Joint Venture with Unibail-Rodamco Focusing on German Retail Real Estate

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

Canada Pension Plan Investment Board Announces Senior Executive Appointment

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

Informatica Announces Agreement to be Acquired by The Permira Funds and Canada Pension Plan Investment Board

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

Canada Pension Plan Investment Board Invests US$200 Million in HKBN Ltd.

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

Terra Firma and Canada Pension Plan Investment Board Agree to Sell Portfolio of AWAS Aircraft to Macquarie Group

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

Canada Pension Plan Investment Board to Invest A$525 Million in Australian Infrastructure

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

Canada Pension Plan Investment Board Announces Senior Executive Appointments

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 AND CANADA PENSION PLAN INVESTMENT BOARD SELL LONDON OFFICE PROPERTIES

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.

Aug 18, 2015

Canada Pension Plan Investment Board and Pavilion Group Form Joint Venture for Mixed-Use Real Estate Development in Kuala Lumpur, Malaysia

Toronto, Canada / Kuala Lumpur, Malaysia (August 18, 2015) – Canada Pension Plan Investment Board (“CPPIB”) and Pavilion Group (“Pavilion”) today announced the creation of a joint venture to invest in Pavilion Damansara Heights, a mixed-use development project in Kuala Lumpur, Malaysia. As part of the joint venture, CPPIB will commit approximately MYR485 million (C$170 million) for a 49% interest in the development. 

Aug 06, 2015

Informatica Corporation Announces Completion of Acquisition by the Permira Funds and Canada Pension Plan Investment Board

Redwood City, Calif. – August 6, 2015 – Informatica Corporation, the world’s number one independent provider of data integration software, today announced the successful completion of its acquisition by a company controlled by the Permira funds and Canada Pension Plan Investment Board (CPPIB). Additionally Informatica announced that Microsoft Corporation and Salesforce Ventures have agreed to become strategic investors in the company alongside the Permira funds and CPPIB. The acquisition is valued at approximately $5.3 billion, with Informatica stockholders receiving $48.75 in cash per share. Informatica’s stock will cease trading on the NASDAQ under the ticker symbol INFA effective today. 

Jul 17, 2015

Canada Pension Plan Investment Board Enters Into Agreement with Marina District Finance Company, Inc.

Toronto, Canada (July 17, 2015): Canada Pension Plan Investment Board (CPPIB) announced today that an affiliate of its wholly owned subsidiary, CPPIB Credit Investments Inc. (CPPIB Credit), has entered into an agreement to provide a Senior Secured Term Loan in an amount of up to US$650 million to Marina District Finance Company, Inc. The maturity date of the loan is 2023.

Jul 06, 2015

Canada Pension Plan Investment Board Acquires Interest in Minto High Park Village in Toronto

Toronto, ON (July 6, 2015): Canada Pension Plan Investment Board (CPPIB) announced today that it has acquired a 60% ownership interest in Minto High Park Village, a multifamily rental property, from Minto Properties Inc. (Minto) for approximately $105 million. Minto will continue to own a 40% interest in the rental property and will continue to oversee management and leasing. 

Jun 09, 2015

Canada Pension Plan Investment Board Signs Agreement to Acquire Antares Capital from GE Capital Corporation for US$12 Billion

Toronto, Canada (June 9, 2015): Canada Pension Plan Investment Board (“CPPIB”) announced today that an affiliate of its wholly owned subsidiary, CPPIB Credit Investments Inc. (“CPPIB Credit Investments”), has signed an agreement with GE Capital to acquire 100% of the Company’s U.S. sponsor lending portfolio, Antares Capital (“Antares” or “the Company”), alongside Antares management for a total consideration of US$12 billion. The transaction is subject to customary regulatory approvals and closing conditions and is expected to close during the third quarter of 2015. 

May 21, 2015

CPP Fund Totals $264.6 Billion at 2015 Fiscal Year-End

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

GIC and CPPIB enter into joint venture partnership to acquire D-Cube Retail Mall in Seoul

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

Canada Pension Plan Investment Board Signs Agreement to Purchase a Stake in the Combined Three U.K. and O2 U.K. Entity

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

CPPIB Statement About the Saskatchewan Government’s Farmland Decision

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

Canada Pension Plan Investment Board and Hermes Infrastructure Sign Agreement to Invest £1.6 billion in Associated British Ports

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

Canada Pension Plan Investment Board Enters U.K. Student Accommodation Sector Through Acquisition of Liberty Living

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

CPP Fund Totals $238.8 Billion at Third Quarter Fiscal 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

Canada Pension Plan Investment Board Commits Additional $330 Million to the Canadian Private Equity Market

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

Canada Pension Plan Investment Board and Longfor Properties Company Form New Joint Venture for Mixed-Use Development Project in China

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

Canada Pension Plan Investment Board and Hudson Pacific Properties Form Joint Venture in Prime San Francisco Office Property

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.