Canada's CPPIB opens India office

This is the first Indian office for the pension fund, which has six other offices in Toronto, Hong Kong, Luxembourg, London, New York and São Paulo. It will use the office to expand its India portfolio and build more effective local networks for better access to investments.

CPPIB, which has been investing in India since 2010, currently has five representatives in the country, and plans to grow the team as investment opportunities arise. The fund will continue to build its portfolio across the infrastructure, real estate and financial services sectors.

"CPPIB's long investment horizon aligns to the financing needs of India's economy, business conglomerates and entrepreneurs," Mark Wiseman, president and CEO of CPPIB, said in a statement. "We look forward to continuing to expand our footprint in this important market."

The fund's involvement in India encompasses both direct investment and co-investments, along with LP commitments to various local funds.

Notable efforts include the formation of a $500 million realty debt fund with Piramal Enterprises, an office building-focused joint venture with the Shapoorji Pallonji Group to which CPPIB committed $200 million, and a $322 million investment in L&T Infrastructure Development Projects.

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• Topics
• South Asia
• Funds
• LPs
• India
• Canada Pension Plan Investment Board (CPPIB)
• LPs