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 for large-scale investments in Canada.
Canada Pension Plan Investment Board and Brookfield Asset Management have jointly launched a $50 billion fund for major Canadian investments. CPP Investments CEO John Graham notes that Canada is embracing a new era of ambition to advance significant projects and build for the future, presenting compelling investment opportunities nationwide.
This announcement coincides with Prime Minister Mark Carney's investment summit in Toronto, aimed at attracting a trillion dollars in new investments over the next five years. The two organizations plan to allocate investments on a 50-50 basis, with up to $25 billion in equity capital from each entity over an initial five-year period.
Brookfield Asset Management CEO Connor Teskey emphasizes that the fund will facilitate a generational investment program, focusing on critical infrastructure, industries, and businesses that will bolster the growth of globally competitive Canadian enterprises.
Written by urgent.news from CityNews's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- CPP Investments and Brookfield launch $50B fund to invest in big Canadian projects winnipegfreepress.com
