Connect with us

CPPIB Makes Greater Inroads in Spanish Shopping Centers

Published

on

Intu Properties plc and Canada Pension Plan Investment Board (CPPIB), through its wholly-owned subsidiary, CPP Investment Board Europe S.à r.l. – are forming a joint venture to jointly own Puerto Venecia shopping centre in Zaragoza, Spain. The new JV is similar to an existing partnership Intu and CPPIB have in Spain through the Parque Principado shopping centre in Oviedo. The Oviedo shopping centre asset moved up nearly 30% in value since the end of 2014. CPPIB will acquire a 50% interest in Puerto Venecia shopping centre, valuing its stake at €225.4 million. The closing of the transaction is subject to certain completion conditions including regulatory approvals.

In January 2015, Intu purchased Puerto Venecia for €451 million from Orion Capital Partners. Intu was looking to bring in an investment partner to partially own the property.

CPPIB Tries Out CLO Equity Tranche Investing with Sound Point Capital

Published

on

Canada Pension Plan Investment Board (CPPIB) through its wholly-owned subsidiary, CPPIB Credit Investments Inc. (CPPIB Credit), is broadening its portfolio through new investments in equity tranches of collateralized loan obligations (CLOs) alongside experienced CLO asset managers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

CalPERS Names Yu Ben Meng as Chief Investment Officer

Published

on

The California Public Employees’ Retirement System (CalPERS) announced that Yu Ben Meng has been selected as the pension fund’s new chief investment officer (CIO). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Ontario Nonprofit Network Awards Mandate to OPTrust

Published

on

The Ontario Nonprofit Network (ONN), a nonprofit network for the 58,000 nonprofits in Ontario, selected OPTrust to manage defined benefit assets. ONN selected OPTrust Select, the new defined benefit solution from OPTrust. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Popular

© 2008-2018 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute ® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization.