Asset Allocation
Blackstone Invests $3 Billion in CDPQ-Owned Invenergy Renewables
The Quebecois pension fund will remain a majority owner, and Invenergy management will run the firm.
The Canadian pension giant plans to completely exit oil production investments by the end of next year.
The fast-growing online subscription commerce platform will use the Canadian pension giant’s capital to expand overseas.
Representing $6 trillion in AUM, the group aims to further G7 initiatives.
Canada’s second-largest pension fund manager reports five-year return of 10.2%.