CPPIB approves $150m commitment

The Canadian public pension has backed an India-focused infrastructure fund.

Institution: Canada Pension Plan Investment Board
Headquarters: Toronto, United States
AUM: CA$409.50bn
Allocation to alternatives: 58.30%

Canada Pension Plan Investment Board has agreed to commit $150 million to NIIF Master Fund, according to a recent news release on the pension’s website. The fund is managed by India’s National Investment and Infrastructure Fund.

The commitment also includes an agreement whereby CPPIB may invest $450 million in future co-investment opportunities alongside the NIIF Master Fund.

The CA$409.50 billion Canadian public pension has a 12.20 percent actual allocation to infrastructure.

As illustrated below, CPPIB’s recent infrastructure commitments have tended to target funds active in energy investments.

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