CPP anchors IndoSpace’s fourth fund

The Canadian public pension plan has backed IndoSpace's fourth Logistics fund.

CPP Investments has committed $205 million to IndoSpace Logistics Park IV, according to a press release.

The LP, which is the Canadian Pension Plan’s arms-length investment management organisation, has become an anchor investor as it strengthens its partnership with the GP, with which it formed a joint venture in 2017.

Founded in 2007, IndoSpace is a Mumbai-based joint venture between the Everstone Group and Realterm. The firm focuses on industrial and logistics properties across India. ILP IV will target India’s largest logistic markets: Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune.

As illustrated below, the C$529 billion ($397 billion; €364 billion) pension’s recent fund commitments have tended to focus on industrial vehicles that invest across the Asia-Pacific region.

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