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CPPIB Opens São Paulo Office



Mark Wiseman

Mark Wiseman, CEO and President, CPPIB

On February 5, 2014, the Canada Pension Plan Investment Board (CPPIB) opened an office in São Paulo, Brazil to focus on Latin American investment deals and opportunities. The office is located in the Faria Lima financial district – slated to be operational by April 2014. Increasingly, Canadian public investors are allocating more capital to Latin America and doing larger deals. The Sovereign Wealth Fund Institute recently reported how the CPPIB took a stake in Transportadora de Gas del Perú S.A.

In a press release, Mark Wiseman, president and CEO of CPPIB, stated the, “CPPIB already has significant investments in the region, with nearly C$5 billion invested in real estate, public and private equity and infrastructure investments. The office will support our efforts to gain access to the best investment opportunities in the region and will help us to continue to forge important relationships with local partners.”

With investing billions of capital directly into a region through large deals, the CPPIB believes it makes sense to have an onsite presence. The CPPIB chose São Paulo because they perceive it as the financial capital of Brazil and a key business hub in Latin America. The CPPIB also has global offices in places like Hong Kong, London and New York.

5 Key Markets for CPPIB – Latin America Efforts

  • Brazil
  • Chile
  • Colombia
  • Mexico
  • Peru

Trump to Swat Down Petro Cryptocurrency



In a bid to exert economic pressure on the Venezuelan government headed by President Nicolas Maduro, U.S. President Donald Trump issued an order on March 19th that prohibits U.S. citizens from purchasing a cryptocurrency that the Venezuelan government is releasing. The cryptocurrency is called the Petro. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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DP World and NIIF Joint Venture Embarks on First Investment



Hindustan Infralog Private Limited, the US$ 3 billion joint venture formed in January 2018 between DP World and the National Investment and Infrastructure Fund (NIIF) to invest in ports, logistics and warehousing, agreed to acquire 90% of Continental Warehousing Corporation (Nhava Seva) Limited for US$ 400 million. 10% is being retained by the company’s founders – the Reddy family. Adi Keshav Reddy is the founder of Continental Warehousing. This is the first investment of the Hindustan Infralog platform.

The sellers include Warburg Pincus India Pvt Ltd, International Finance Corporation (IFC) and Aureos Capital, a joint venture between the CDC and Norfund that was acquired by Abraaj Capital.

Barclays, Citi and Detusche Bank advised on the transaction.

Continental Warehousing was formed in 1997 and is one of India’s biggest container warehousing firms – operating container freight stations and private freight terminals across India. In April 2011, Warburg Pincus invested in Continental Warehousing, committing US$ 100 million. In December 2015, IFC invested US$ 25 million in equity and lent US$ 35 million in debt to Continental Warehousing.

In India, DP World has been operating container port terminals since 1997.

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SWFI First Read, March 18, 2018



Surbana Jurong and China Vanke Tie up Deal for Industrial Town Projects

Surbana Jurong, a real estate development company focused on urban projects, inked a deal with China Vanke to partner on new industrial towns in China’s midwest regions. Surbana Jurong is majority-owned by Singapore’s Temasek Holdings. The first joint project is Vanke’s Jianzhou Dream Town in Chengdu. Surbana will provide the design for this project.

PIF Eyes Hollywood Talent

Saudi Arabia’s Public Investment Fund (PIF) is looking at investing around a 7% stake in Endeavor, LLC, a talent agency holding entity of WME for a reported US$ 400 million. Ari Emanuel is the CEO of Endeavor. PIF’s financial advisor for this deal is Michael Klein & Co. Endeavor is being advised by Ares Holdings.

Alex Wilmot-Sitwell of BAML Resigns

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