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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The country's largest pension fund and Brookfields are joining forces to respond to Prime Minister Carney's appeal.
On Tuesday, the Canada Pension Investment Board and Brookfield Asset Management announced the creation of a new $50 billion fund for large-scale investments in Canada.
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.
The Toronto Star
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 aimed at backing critical infrastructure and strategic industry projects across Canada.
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