Pension Pulse

Tyler Choi of Sustainable Biz reports  Brookfield, BCI, Norges to launch Northview Energy: Brookfield Asset Management, British Columbia Investment Management Corporation (BCI) and the manager of Norway’s sovereign wealth fund have joined forces to create a renewables company named Northview Energy, which could acquire over $1 billion of assets (all figures US unless otherwise noted) in future deals. Scheduled to launch in Q2 and valued at approximately $2.6 billion , Northview is described as a private firm that will acquire and own a diversified portfolio of contracted, operating renewable assets in the U.S. and Canada. Northview is expected to acquire a seed portfolio of assets from companies managed by Brookfield, such as U.S. companies Deriva Energy and Scout Clean Energy . The seed portfolio, Brookfield said in a release, is to comprise 22 contracted utility-scale solar and onshore wind installations in markets “experiencing strong energy demand growth across ...

Canadian Property Management reports  CPP Investments inks Nordic data centre deal: Canada Pension Plan Investment Board (CPP Investments) is furthering its collaboration with the global digital infrastructure company, Equinix, through joint acquisition of the atNorth data centre portfolio, stretching across five Nordic nations. CPP Investments will contribute roughly USD $1.6 billion to secure a 60 per cent controlling interest in atNorth, which encompasses eight operational data centres and three high-density colocation facilities now in development. “The Nordics are an attractive market for data centre growth and the opportunity to partner with Equinix on this acquisition allows us to deploy capital at scale into a high-quality platform,” says Maximilian Biagosch, senior managing director and global head of real assets with CPP Investments. The two investors are already part of a three-way partnership with the sovereign wealth fund, GIC, focused on develop...