CPP’s investments span across sectors and include a $333 million investment for Sequoia’s tech-focused India fund, while several other investments were co-investments, according to its presentation. Some other notable bets include CPP Investments’ C$700 million investment to IndInfravit Trust, the Indian toll road portfolio company, to acquire five operating road concessions from Brookfield Asset Management.
“Financial markets experienced the most challenging first six months of the year over the past half century, and the fund’s first fiscal quarter was not untouched by such widespread declines. However, our proactive management strategy – diversified across asset classes and geographies – controlled the impact on the fund, preserving the investment value,” said John Graham, Chairman and Chief Executive Officer. “The uncertain trade and investment conditions we mentioned in the last quarter, and we expect this turbulence to persist throughout the fiscal year. Our flexible portfolio was designed to create value over the very long term, as demonstrated by our consistently strong 10-year net returns, even as we hit double digits in year one in twenty. Expect to experience a loss of percentage. ,
The Canadian fund raised $50 million in Acko Tech & Services and $34 million in . promised to Kogta Financial As a co-investment with multiples. It also co-invested $120 million with CVC Capital Sajjan India Limited and $100 million in Unitrench loans to IGT Solutions.
The investments are coming at a time when fund managers are generally cautious about fresh investments as the uncertain macroeconomic scenario has reduced appetite for riskier assets. One of the portfolio firms of CPPP Investments, Sequoia Capital,
Meanwhile, the Canadian asset manager ended its first quarter of fiscal year 2023 on June 30, 2022 with net assets of $523 billion, compared to $539 billion at the end of the previous quarter, its presentation said. was. A decrease of $16 billion in net assets for the quarter included $23 billion in net losses and $7 billion in net transfers from Canada Pension Plan (CPP). Through the first quarter of fiscal year 2023 and the five-year period involved, CPP investments contributed $171 billion in cumulative net income to the fund, and over the 10-year period it contributed $305 billion to the fund on a net basis. Have given. Its presentation said.
“Amidst growing concerns over the ability of global asset classes to deliver satisfactory returns over the long term, global investors have repeatedly bet on the Indian infrastructure market,” said Shivam Bajaj, Founder and CEO, Avenor Capital.