Pension Pulse

Barbara Shecter of the National Post reports the Canada Pension Plan fund tops half trillion after posting 6.8% return: The Canada Pension Plan Investment Board crossed the half-trillion threshold in its most recent fiscal year, reaching $539-billion as of March 31. The net return for the year was 6.8 per cent on last year’s $497-billion, with $8-billion of the $42-billion increase coming in the form of net transfers from the Canada Pension Plan. The CPP fund’s five-year return is 10 per cent, with the 10-year return coming in at 10.8 per cent. “CPP Investments delivered solid returns in fiscal 2022 despite turbulent market conditions in the wake of Russia’s war on Ukraine, supply chain disruptions caused by the pandemic and rising inflation,” said John Graham, the pension management organization’s chief executive.  “Our 10-year performance of nearly 11 per cent, the same as it stood at the end of the last fiscal year, demonstrates the enduring growth of the (CPP) ...

Power Technology reports that APG and OMERS Infrastructure will buy Groendus, a Dutch renewables developer and energy transition growth platform: Dutch pension investment company APG and OMERS Infrastructure have brokered a deal to jointly purchase energy transition platform Groendus from NPM Capital. Groendus develops, builds and operates energy assets and offers a wide array of ancillary services for its clients, which include companies, municipalities and institutions. The company has installed more than 170MWp of solar capacity to date, as well as more than 12,000 electricity meters. It intends to increase its solar project portfolio and enter new sectors such as electric vehicle (EV) charging and battery storage. OMERS Infrastructure has made the investment on behalf of Canadian pension plan OMERS. ...

Oxford Properties announced that it has formed a strategic partnership with Novaxia to invest €1bn in the French life sciences market over the next few years: Oxford Properties Group (“Oxford”), a leading global real estate investor, asset manager and business builder, and Novaxia, a leading French urban investor and developer, have entered into a long-term strategic partnership (the “Partnership”) to invest in and, primarily, develop much needed new supply of life science real estate in France. Novaxia will act as development manager and co-asset manage alongside Oxford with the Partnership targeting approximately €1 billion (C$1.4 billion) of investment over the next few years . The fast growth of France’s life sciences sector has accelerated further following the COVID-19 pandemic, and become a key priority for the French government, but there is a critical lack of specialist technical real estate infrastructure to support this growth . The Partnership aims to bring for...