The $541.5 billion Canada Pension Plan Investment Board has announced a BRL 1.5 billion (C$340 million/$271 million) investment to support the asset consolidation and public listing of several Brazilian energy assets through two independent transactions to create one of Brazil’s largest energy producers and traders, in partnership with Votorantim S.A., according to its second quarter report.
“CPP Investments delivered strong results this quarter to achieve a record 10-year annualized net return of 11.6 percent, reflecting the benefits of diversification and investment selection,” said John Graham, president and CEO. “As we emerge from the impact of the global pandemic, our teams continue to execute across the organization to deliver sustainable long-term growth for the fund.”
The fund’s quarterly results were driven by an increase in the value of all private equity programs, contributions from real assets and credit investments and gains from foreign exchan
