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.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.