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Canada Pension Plan Investment Board

Company Summary

Description

Canada Pension Plan Investment Board (CPPIB) is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits on behalf of 20 million contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, São Paulo and Sydney, CPPIB is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At March 31, 2017, the CPP Fund totalled C$316.7 billion.

Website

http://www.cppib.com/en/

Operational Regions

  • Canada

Related Entities

Recent news

  • 11/5/2019 - Pattern Energy Agrees to... (subscriber access)
  • 6/17/2019 - Williams Completes... (subscriber access)
  • 3/18/2019 - Canada Pension Plan... (subscriber access)
  • 11/30/2018 - Vermillion Assumes... (subscriber access)
  • 10/2/2018 - LongPoint Minerals... (subscriber access)

Company Transactions

Date: 6/30/2020
Type: Acquisition

NOTES:
Pattern Energy Group has entered into a deal with the Canada Pension Plan Investment Board whereby the CPPIB will acquire Pattern in an all-cash deal at $26.75 per share (enterprise value of $6.1 billion.) CPPIB will combine Pattern Energy and Pattern Development (Pattern Energy Group Holdings 2 LP) under a single firm once the deal closes in the second quarter of 2020.
REGIONS:
  • North America
  • Date: 6/17/2019
    Type: Acquisition

    NOTES:
    Williams has signed transactions with Canada Pension Plan Investment Board to establish a joint venture in the western Marcellus & Utica basins. The deal includes Williams' Ohio Valley Midstream System, the Utica East Ohio Midstream System, in which CPPIB will invest $1.34 billion for a 35% stake in the joint venture.
    REGIONS:
  • Utica
  • Marcellus Shale
  • Date: 11/30/2018
    Type: Acquisition

    NOTES:
    CPPIB to complete the acquisition of Shell Exploration Company B.V.'s 45% stake in the Corrib natural gas field.
    REGIONS:
  • Europe
  • Date: 8/3/2018
    Type: Acquisition

    NOTES:
    Enbridge entered into a deal with the Canada Pension Plan Investment Board to sell a 49% stake in select North American renewable power assets and two offshore wind projects in Germany. This includes all of Enbridge's Canadian renewable assets held by Enbridge Income Fund, the Cedar Point Wind Farm in Colorado and the Silver State North Solar Project in Nevada.
    REGIONS:
  • North America
  • Europe
  • Date: 3/8/2018
    Type: Acquisition

    NOTES:
    Calpine announced that it has entered into an agreement to be acquired by an Energy Capital Partners and a consortium of investors for $15.25/share in cash, equating to a total purchase price of $5.6 billion. The consortium is led by Access Industries and Canada Pension Plan Investment Board, among others.
    REGIONS:
  • United States