Japan, Canada pension fund consortium makes first investment
A consortium of Canada's Ontario Municipal Employees Retirement Scheme (OMERS) and a group of Japanese pension funds led by Mistubishi Corp. has made its first investment in Midland Cogeneration Venture (MCV), a gas power plant in the US. The details of the transaction were not disclosed.
The group operates under the banner of the Global Strategic Investment Alliance (GSIA) and held a first close of $7.5 billion on its infrastructure fund in April last year. The overall target is $20 billion,...
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