CPP Investments

Canada Pension Plan Investment Board
CPP Investments
Company typeCrown corporation
IndustryAsset management
FoundedDecember 31, 1997; 26 years ago (1997-12-31)
Headquarters1 Queen Street East, Suite 2500,
Toronto, Ontario
,
Canada
Key people
Heather Munroe-Blum (chairperson)
John Graham (CEO)[1]
AUMIncrease C$646.8 Billion (June 2024)[2]
OwnerGovernment of Canada
Websitewww.cppinvestments.com

The Canada Pension Plan Investment Board (CPPIB; French: Office d'investissement du régime de pensions du Canada), operating as CPP Investments (French: Investissements RPC), is a Canadian Crown corporation established by way of the 1997 Canada Pension Plan Investment Board Act to oversee and invest the funds contributed to and held by the Canada Pension Plan (CPP).

CPP Investments is one of the world's largest investors in private equity, having invested over US$28.1 billion between 2010 and 2014 alone.[3] Despite being a Crown corporation, CPPIB is not considered a sovereign wealth fund because it operates at arm's length from the Government of Canada and solely manages CPP contributions paid by workers and employers, not public funds.[4][5][6]

As of June 30, 2024, the CPP Investment Board manages over C$ 646 billion in assets under management for the Canada Pension Plan on behalf of 22 million Canadians.[2][7][8]

  1. ^ "Canada Pension Plan chief resigns after getting vaccinated against COVID-19 in Dubai". CBC.
  2. ^ a b "CPP Investments". Retrieved 2024-08-15.
  3. ^ Primack, Dan (November 16, 2015). "The World's Largest Private Equity Investors Are..." Fortune. Retrieved January 13, 2019.
  4. ^ "The CPP Fund and CPP Investment Board are not Sovereign Wealth Funds" (PDF). Canada Pension Plan Investment Board. December 10, 2007. Archived from the original (PDF) on June 17, 2009. Retrieved February 16, 2020.
  5. ^ Smith, Brooke (December 4, 2007). "Why the CPP is not an SWF". Benefits Canada. Transcontinental Media G.P. Retrieved February 16, 2020.
  6. ^ Gomes, Tamara (2008). "The Impact of Sovereign Wealth Funds on the International Financial System" (PDF). Financial System Review. Bank of Canada: 41–44. Retrieved February 16, 2020. the CPP Investment Board and the Caisse de dépôt et placement du Québec are not included in the definition of SWFs used here because of characteristics that set them apart from SWFs as described above (e.g., they do not manage government money or, as with the Caisse, manage both public and private money)
  7. ^ "2023 Annual Report" (PDF). CPP Investment Board. November 29, 2023.
  8. ^ "CPP Investments to Invest in Italy's Digital Infrastructure Network". CPP Investments. Retrieved 2024-03-10.