May 16, 2013
$21.7 Billion Increase in Assets
CPP Fund Exceeds $183 Billion at 2013 Fiscal Year-End
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
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.
Canada Pension Plan Investment Board & GE Capital Real Estate
Announce a Co-Investment Program to Invest in Central Tokyo Office Properties
May 3, 2013
(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.
Canada Pension Plan Investment Board Acquires Stake in Bullring Shopping Centre, Birmingham, U.K.
April 19, 2013
(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.
Institutions oppose Barrick Gold Co-Chairman Compensation
March 19, 2013
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.
Taking the Long View:Canada and Australia in the 21st Century
March 5, 2013
Acquires Portfolio of Quality Food Assets and Becomes Lead Investor in New Kainos Capital Partners Fund
Canada Pension Plan Investment Board Completes US$606 Million Secondary Private Equity Transaction
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
$5 Billion in Investment Income
CPP INVESTMENT BOARD REPORTS FISCAL THIRD QUARTER
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
Seeks To Invest Up To $2 Billion Initially in Middle Market and Non-Traditional Corporate Credit Opportunities Sourced Through Platform
CPPIB Credit Investments Inc. Joins KKR and Stone Point Capital as a Partner in Capital Markets 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.