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CPP Investments Extends Partnership with GLP through New Logistics Income Fund in Japan

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TOKYO and TORONTO, Sept. 3, 2020 /CNW/ – Canada Pension Plan Investment Board (CPP Investments) is participating in the launch of the GLP Japan Income Fund (“GLP JIF”), the largest private open-ended logistics fund in Japan.

The transaction marks an extension of CPP Investments’ partnership with GLP that was first established in 2011 through the formation of GLP Japan Development Fund (“GLP JDV I”), a 50:50 joint venture that focused on building modern, large-scale logistics facilities in Japan. This joint venture was subsequently expanded multiple times, including the launch of a second Japan development venture in 2016. At the end of August 2020, CPP Investments successfully exited the investment in GLP JDV I, receiving approximately JPY 48 billion (C$590 million) of net proceeds.

Following the disposition, CPP Investments will re-commit JPY 25 billion (C$307 million) of the proceeds into the newly established GLP JIF.

“The transactions mark a significant milestone for CPP Investments’ real estate investment program in Japan,” said Jimmy Phua, Managing Director and Head of Real Estate Investments, Asia, CPP Investments. “The strong fundamentals in the Japanese logistics market continue to make this a compelling investment opportunity for long-term investors. We are pleased to continue our strategic relationship with GLP, one of our key global real estate partners, while recycling capital for other compelling investment opportunities.”

GLP JIF was established with JPY 280 billion (C$3.4 billion) assets under management at inception and consists of some of the best logistics assets in the country, including six LEED Gold and Platinum certified projects. The fund is managed by GLP, a leading global investment manager and business builder in logistics, real estate, infrastructure, finance and related technologies with operations across Brazil, China, Europe, India, Japan and the U.S. and US$89 billion in assets under management.

About CPP Investments
Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that invests around the world in the best interests of the more than 20 million contributors and beneficiaries of the Canada Pension Plan. In order to build diversified portfolios of assets, investments in public equities, private equities, real estate, infrastructure and fixed income are made by CPP Investments. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. At June 30, 2020, the Fund totalled C$434.4 billion. For more information, please visit www.cppinvestments.com or follow us on LinkedInFacebook or Twitter.

SOURCE Canada Pension Plan Investment Board

For further information: Connie Ling, Director, Global Corporate Communications, T: +852 3959 3476, [email protected]

Source:- Canada NewsWire

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CI Financial buying US investment adviser Bowling Portfolio Management – BNN

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CI Financial Corp. says it has signed a deal to acquire U.S. investment adviser Bowling Portfolio Management LLC.

The firm based in Cincinnati has US$450 million in assets under management.

Financial terms of the transaction were not disclosed.

Bowling provides financial planning and investment management services to high-net-worth clients.

CI has been expanding its operations in the U.S. this year in a series of acquisitions.

It says when all pending transactions close, it will hold interests in wealth management firms across the U.S. with combined assets of approximately US$11.5 billion.

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Latest COVID-19 research investment supports knowledge exchange on social, cultural and economic impact of COVID-19 – Canada NewsWire

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Research funding will help equip public, private and not-for-profit organizations to respond to challenges posed by pandemic

OTTAWA, ON, Sept. 21, 2020 /CNW/ – As Canada continues to manage the impacts of the COVID-19 pandemic, supporting the work of Canadian researchers is key to building a healthy, more resilient and prosperous country. Working together with government, industry and not-for-profit organizations, researchers from across the social sciences and humanities can help provide data, insight and evidence to guide our actions in the months to come while we navigate postpandemic economic and social recovery.

Today, the Honourable Navdeep Bains, Minister of Innovation, Science and Industry, announced an investment of over $4 million in funding through the Social Sciences and Humanities Research Council‘s (SSHRC) Partnership Engage Grants, to support 172 projects and almost 600 researchers working with businesses and community partners from across Canada. These grants provide short-term and timely support for partnered research activities that will inform decision-making in the public, private or not-for-profit sector.

In response to the early phases of the pandemic crisis, the latest Partnership Engage Grants competition included a special call to address COVID-19 related research. Over $3 million of the investment announced today will directly support 139 projects addressing this call. Some of these projects funded will study changes in the teaching profession, the pandemic’s impact on small- and medium-sized enterprises, mental health among entrepreneurs, and impacts on seniors and their community support services.

Quotes

“The ongoing COVID-19 pandemic has posed unprecedented challenges around the world. While much of the focus to date has been on developing and testing effective countermeasures to control the spread of the virus, the work these researchers will be doing to examine the longer-term impacts of the pandemic on individuals, businesses and communities will better position Canada for a strong recovery.” 
—The Honourable Navdeep Bains, Minister of Innovation, Science and Industry

“SSHRC’s investment in these diverse partnered research projects will advance critical knowledge needed to address the impacts of COVID-19 and the social, cultural and economic challenges facing citizens, communities and businesses in Canada and around the world.”
Ted Hewitt, President, Social Sciences and Humanities Research Council

Quick facts

  • SSHRC’s Partnership Engage Grants provide short-term and timely support for partnered research activities that will inform decision making at a partner organization from the public, private or not-for-profit sector.
  • The Partnership Engage Grants COVID-19 Special Initiative provides researchers and their partners a unique opportunity to foster knowledge exchange on COVID-19 crisis-related issues, challenges and impacts. It offers a unique opportunity to exchange knowledge between postsecondary researchers and different sectors of society, including graduate students, postdoctoral researchers and other highly qualified personnel.
  • The Partnership Engage Grants COVID-19 Special Initiative call is ongoing. Recipients of the September-deadline applications will be announced soon.
  • The application intake for this first ever COVID-19 Special Initiative competition exceeded expectations. To ensure an appropriate response to this demand, SSHRC reallocated just over $3 million more to this initiative. This additional funding brings the total amount for the June and upcoming September competitions to almost $5 million.

Associated links

Follow SSHRC on social media: Twitter, Instagram, Facebook

Follow @CDNScience on social media: Twitter, Instagram, Facebook

SOURCE Social Sciences and Humanities Research Council of Canada

For further information: John Power, Press Secretary, Office of the Minister of Innovation, Science and Industry, 343-550-1456, [email protected]; Media Relations, Innovation, Science and Economic Development Canada, 343-291-1777, [email protected]; Media Relations, Social Sciences and Humanities Research Council, 343-549-6141, [email protected]

Related Links

http://www.sshrc-crsh.gc.ca/

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CI Financial buying U.S. investment adviser Bowling Portfolio Management – Vancouver Courier

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TORONTO — CI Financial Corp. says it has signed a deal to acquire U.S. investment adviser Bowling Portfolio Management LLC.

The firm based in Cincinnati has US$450 million in assets under management.

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Financial terms of the transaction were not disclosed.

Bowling provides financial planning and investment management services to high-net-worth clients.

CI has been expanding its operations in the U.S. this year in a series of acquisitions.

It says when all pending transactions close, it will hold interests in wealth management firms across the U.S. with combined assets of approximately US$11.5 billion.

This report by The Canadian Press was first published Sept. 21, 2020.

Companies in this story: (TSX:CIX)

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