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CPPIB buys $144m stake in Indian power firm

The Canadian pension has bought a 6.3% share in ReNew Power, and further investment in the company is expected. Last autumn, in a filing with the Competition Commission of India, CPPIB reported that it plans to buy a 16.3% stake in ReNew Power through investments of up to $350m.

PSP to partner Blue Sky for Australian real assets

The pension will work with the fund manager to deploy capital across the country with a long-term view.

Malaysian pension fund enters 365MW UK solar portfolio

KWAP buys a 45% stake for £67.5m from EFG Hermes, which will continue to hold a 5% interest as it targets further investments in emerging market renewables.

Tiger backs fibre-optic developer planning US-Canada link

The US-based fund manager has invested in Crosslake Fibre, a company building a cable system connecting Toronto and Buffalo, New York.

LPs warm to fundless co-investments

One-third of limited partners are willing to pay for deals where they are not an existing fund investor, according to a survey by Asante Capital Group.

CPPIB to join ADIA and Goldman as a ReNew investor

The Canadian pension’s proposed $350m investment may result in the third-largest shareholding in the Indian renewables developer.

Morgan Stanley takes majority stake in US midstream business

The bank’s energy investment arm commits to Durango, which supplies natural gas services to producers in Texas, Oklahoma and Kansas.

HK Summit: Asian LPs debate whether to go direct

Panellists such as Ping An’s Dennis Chan argued direct investing is the way to go, while Sompo Japan Nipponkua Insurance’s Motoyuki Takahashi noted they need capable GPs.

CalPERS doubles down on infra separate accounts

Real assets head Paul Mouchakkaa told the pension’s investment committee it will model its infra investment strategy after its real estate one.

OMERS adds 4.36% Thames Water stake

The Canadian pension now holds a 27% stake in the utility after acquiring the share from Hermes.

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