Canada Pension Plan opens first investment office in India

Finding appropriate assets that would be of interest for long-term capital investments remains a challenge not just in India, but also in the US, Canada and many other countries, says Mark D Wiseman, president and chief executive officer, Canada Pension Plan Investment Board (CPPIB), who was in Mumbai for the opening of CPPIB's first investment office in India.

Written by FE Bureau

October 28, 2015 01:15 IST

Wiseman said that there was no dearth of capital chasing assets that provide scale, that are de-risked and have predictable regulatory environment. “These three things need to exist to attract scaleable institutional capital into critical infrastructure or other asset classes,” he said.

CPPIB has net assets of C$268.6 billion, as on June 30, 2015, making it Canada’s largest single-purpose pension fund and ranking among the 10 largest retirement funds in the world today. From its Mumbai office, CPPIB will focus on growing its portfolio in India. It has committed more that $2 billion to investments in India since 2010.

This article was first uploaded on October twenty-eight, twenty fifteen, at fifteen minutes past one in the night.