May 16, 2013
CPP Fund Exceeds $183 Billion at 2013 Fiscal Year-End
$21.7 Billion Increase in Assets
TORONTO, ON (May 16, 2013): The CPP Fund ended its fiscal year on March 31, 2013 with net assets of $183.3 billion, compared to $161.6 billion at the end of fiscal 2012. The $21.7 billion increase in assets for the year consisted of $16.2 billion in net investment income after operating costs and $5.5 billion in net CPP contributions. The portfolio delivered a gross investment return of 10.1% for fiscal 2013.
May 8, 2013
Canada Pension Plan Investment Board & GE Capital Real Estate
Announce a Co-Investment Program to Invest in Central Tokyo Office Properties
Toronto, ON/Norwalk, CT (May 8, 2013): Canada Pension Plan Investment Board (CPPIB) and GE Capital Real Estate (GECRE) announced today the recent formation of the Tokyo Office Venture (TOV) targeting investment in mid-size Class A-B offices in key Central Business District sub-markets.
May 3, 2013
Canada Pension Plan Investment Board Acquires Stake in Bullring Shopping Centre, Birmingham, U.K.
(May 3, 2013):Canada Pension Plan Investment Board (CPPIB) announced today it has formed a new 50%/50% joint venture with Hammerson to acquire a 33.3% stake in Bullring Shopping Centre for £307 million from the Future Fund.
April 19, 2013
Institutions oppose Barrick Gold Co-Chairman Compensation
(April 19, 2013): The undersigned institutions, which collectively steward assets of $916 billion are duly concerned by the decision of Barrick Gold Corporation to award an $11.9-million bonus payment to the co-Chairman John L. Thornton appointed in June 2012. This amount for a signing bonus for a co Chairman of the Board is, to our knowledge, unprecedented in Canada and is in addition to other compensation for the year for a total package of $17 million in 2012. This compensation is not consistent with the governance principle of pay-for-performance and is therefore disproportionate. It sets a troubling precedent in Canadian capital markets.
March 19, 2013
Taking the Long View:Canada and Australia in the 21st Century
Sydney, Australia (March 19, 2013): In remarks today to the Canadian Australian Chamber of Commerce, Mark Wiseman, President and CEO, CPP Investment Board (CPPIB) highlighted the importance of long-term thinking and long-term investors to the global economy and society.
March 5, 2013
Canada Pension Plan Investment Board Completes US$606 Million Secondary Private Equity Transaction
Acquires Portfolio of Quality Food Assets and Becomes Lead Investor in New Kainos Capital Partners Fund
Toronto, ON (March 5, 2013) - Canada Pension Plan Investment Board (CPPIB) announced today that it has completed a secondary transaction whereby CPPIB will invest the capital required to acquire a portfolio of primarily food assets through a special purpose vehicle. The assets are being acquired from the HM Capital Sector Performance Fund and related co-investors for US$468 million.
February 15, 2013
CPP INVESTMENT BOARD REPORTS FISCAL THIRD QUARTER
PERFORMANCE RESULTS
$5 Billion in Investment Income
Toronto, ON (February 15, 2013) - The CPP Fund ended the third quarter of its 2013 fiscal year on December 31, 2012 with net assets of $172.6 billion, compared to $170.1 billion at the end of the previous quarter. The $2.5 billion increase in net assets after operating expenses resulted from $5.0 billion in investment income and $2.4 billion of seasonal 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 had a gross investment return of 3.0% for the quarter.
January 17, 2013
CPPIB Credit Investments Inc. Joins KKR and Stone Point Capital as a Partner in Capital Markets Platform
Seeks To Invest Up To $2 Billion Initially in Middle Market and Non-Traditional Corporate Credit Opportunities Sourced Through Platform
Toronto, ON (January 17, 2013) - New York, NY and Toronto, ON, January 17, 2013 - Stone Point Capital ("Stone Point") and KKR & Co. L.P. (NYSE: KKR) today announced the addition of CPPIB Credit Investments Inc. (“CPPIB Credit”), a wholly-owned subsidiary of Canada Pension Plan Investment Board ("CPPIB"), as a joint venture partner and investor in MerchCap Solutions LLC (“MCS” or the "Company"), formerly known as KKR-SPC Merchant Advisors LLC. Formed in August of 2012, the Company provides principal and agency-based capital markets services to sponsor-backed and corporate mid-market companies as well as principal investments to support its client needs. |
2013 News Releases
