Canadian pension giant turns to Blackstone, KKR to seal infrastructure megadeals

Why it matters

The shift by a major Canadian pension fund to back private capital groups' infrastructure funds rather than direct investments signals a notable change in capital allocation strategy with potential implications for infrastructure financing markets and private credit investors.

Sources

• Financial Times

  Canadian pension giant turns to Blackstone, KKR to seal infrastructure megadeals

  CPPIB has started backing private capital groups’ funds rather than only investing in companies directly