CPP Investments approves $210m in commitments

The Canadian public pension committed capital to a Brazilian real estate fund.

Institution: CPP Investments
Headquarters: Toronto, Canada
AUM: CA$497.2 billion
Allocation to alternatives: 48%

CPP Investments has committed $210 million to GLP Brazil Development Partners II, one of the largest-ever logistics-focused real estate funds in Latin America, according to a press release by the company.

The investors of GLP BDP II are subsidiaries of CPP Investments and Abu Dhabi Investment Authority, a UAE sovereign wealth fund.

The CA$497.2 billion ($396.9 billion; €338.7 billion) public pension has a 8.7 percent current allocation to real estate. The pension has a strong appetite for real estate funds that invest in properties in the industrial sectors.

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