CPP Investment Board – Infrastructure Fund Investments

Infrastructure Fund Investments

Macquarie, headquartered in Sydney, Australia, is a diversified provider of investment and financial services. We have committed $200 million to the Macquarie Essential Assets Partnership which will invest mainly in regulated infrastructure assets, such as pipelines, electricity transmission and distribution networks, located primarily in Canada with a secondary focus in the U.S. We have also committed €200 million to the Macquarie European Infrastructure Fund which will focus on investments in infrastructure and related assets located in certain European OECD countries.

Infrastructure Relationships Established as at December 31, 2011 All Figures as at December 31, 2011
Relationships	Currency	Vintage Year	Fund Commit-ment	Paid in Capital ⁽¹⁾	Reported Value	Distributions Received	Reported Value + Distributions
Macquarie European Infrastructure Fund	EUR	2004	200.0	238.7	274.5	133.6	408.1

Notes:

Paid in Capital is net capital called and includes management fees and organizational expenses.