Canada Pension Plan Investment Board Opens Investment Office In Brazil
New Sao Paulo office will focus on long-term investment opportunities in Latin America
TORONTO, CANADA and SAO PAULO, BRAZIL--(Marketwired - Feb 5, 2014) - Canada Pension Plan Investment Board (CPPIB) announced today the opening of an office in São Paulo to focus on investment opportunities in Latin America. This new office will expand CPPIB's global reach and enhance its strategy to build a diversified investment portfolio in order to help support retirement security for generations of Canadians.
"Latin America is expected to be a leading source of global growth in the decades ahead," said Mark Wiseman, President & Chief Executive Officer, CPPIB. "CPPIB already has significant investments in the region, with nearly C$5 billion invested in real estate, public and private equity and infrastructure investments. The office will support our efforts to gain access to the best investment opportunities in the region and will help us to continue to forge important relationships with local partners."
An on-the-ground presence in key markets with strong local talent provides valuable insights and business connections, while enhancing our ability to effectively source and manage complex, sizeable investment opportunities. Proximity to our growing portfolio of global investments and partners helps our ongoing asset management objectives.
"São Paulo is the financial capital of Brazil and a business hub for Latin America," said Mr. Wiseman. "We have seen the value of establishing a strong regional base with our offices launched in 2008 in London and Hong Kong, which helped CPPIB to successfully complete over 85 global investment transactions in our latest fiscal year alone."
From its Latin American headquarters in São Paulo, CPPIB will focus primarily on the five key markets of Brazil, Chile, Colombia, Mexico and Peru to seek investments that align with the long-term horizon of the CPP Fund.
CPPIB also opened a small office in New York City in January 2014 in mid-town Manhattan. CPPIB has considerable holdings in the U.S., with over C$60 billion invested across a number of asset classes. This office puts us close to many of our key partners and other strategic contacts, and also positions us to capitalize on global opportunities in this leading financial capital.
CPPIB now operates offices in five international markets, including Toronto, London, and Hong Kong. The São Paulo office, which is located in the heart of the city's Faria Lima financial district, will be operational in April 2014.
About Canada Pension Plan Investment Board
Canada Pension Plan Investment Board (CPPIB) is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits on behalf of 18 million Canadian contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in London, Hong Kong, New York City and São Paulo, CPPIB is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At September 30, 2013, the CPP Fund totalled C$192.8 billion. For more information about CPPIB, please visit www.cppib.com.
