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CPP Investments and Brookfield Launch $50B Fund to Invest in Big Canadian Projects
The partners said the fund will make equity stakes of at least $5 billion in projects Canada considers strategic.
- On Tuesday, the Canada Pension Plan Investment Board and Brookfield Asset Management announced a $50-billion Maple Fund during the Canada Investment Summit in Toronto to invest in strategic Canadian infrastructure and key sectors.
- Discussions between CPPIB and Brookfield predated the summit, evolving from a private proposal Brookfield floated two years ago to create a joint investment vehicle for major domestic projects.
- Both CPPIB and Brookfield will contribute up to $25 billion in equity over five years, structuring investments on a 50-50 basis with each project requiring at least $5 billion.
- Brookfield Asset Management CEO Connor Teskey said the fund "brings together two companies with a shared commitment to investing in the country's future," while CPPIB CEO John Graham noted it "positions us well to meet this moment."
- The Canada Investment Summit, led by Prime Minister Mark Carney, aims to attract $1 trillion in new investment over five years, providing a platform for the fund's announcement and broader capital mobilization.
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Brookfield, CPPIB to Form C$50 Billion Fund Investing in Canada
Brookfield Asset Management and Canada Pension Plan Investment Board are launching a new C$50 billion ($36 billion) initiative to invest in Canada over the next five years, according to a person familiar with the matter.
·New York, United States
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The Toronto Star+8 Reposted by 8 other sources
CPP Investments and Brookfield launch $50B fund to invest in big Canadian projects
TORONTO - Canada Pension Plan Investment Board and Brookfield Asset Management Ltd. have announced a new $50-billion fund for large-scale investments in Canada.
·Toronto, Canada
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Coverage Details
Total News Sources14
Leaning Left5Leaning Right2Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 30%
R 20%
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