CPPIB Europe - Canada Pension Plan Investment Board

UPDATED JUNE 2016
CPPIB Europe
CPPIB’s total assets are over $278.9 billion as at March 31, 2016.
Approximately $54.3 billion is invested regionally, which represents
19.5% of CPPIB’s total assets.
CPPIB established a London office in 2008, while our Luxembourg
office opened in 2015.
CPPIB is a large investor with a long-term commitment to invest in
public and private companies, real estate, infrastructure and various
types of funds.
Overview
CPPIB is a professional investment management organization that invests the funds
of the Canada Pension Plan on behalf of its 19 million Canadian contributors and
beneficiaries. CPPIB has a global focus with over $200 billion invested outside
Canada and offices in Toronto, London, Hong Kong, São Paulo, Luxembourg,
Mumbai, and New York.
Since opening an office in London in 2008, CPPIB has built a significant investment
portfolio in Europe including equity and fixed income investments in many public
and private companies, ownership interests in significant real estate properties,
large stakes in several major infrastructure assets and commitments to numerous
private equity funds. Our London office includes employees from all of our
investment departments.
Our investment teams focus on the world’s most transparent markets and seek
countries with the most comprehensive, stable and attractive frameworks for longterm investments. We rank Europe as an attractive investment market for many of
the asset classes we invest in.
Our presence in London underscores our belief that there are compelling
investment opportunities in Europe that align with our long-term investment
horizon. With our London office, we build and maintain strong relationships
with our regional partners while also closely monitoring our investments.
All funds are Canadian dollars unless otherwise stated.
Europe Portfolio - $54.3 billion
ASSET DISTRIBUTION
Select Direct Investments
Some of our
Regional Partners
$ billion, as at March 31, 2016
Other debt
$3.4
Bonds and money
market securities
$10.1
OUR OFFICES
Infrastructure
$7.6
Real Estate
$9.9
Foreign
Developed
Market Equities
$22.1
Emerging
Market Equities
$1.2
LONDON
LIBERTY
LIVING
UNITED KINGDOM
£1.1B Invested 100% Interest
LUXEMBOURG
OUR TEAM
More than 100 investment professionals
located in London and Luxembourg
Advent
International
CITYCON OYJ
FINLAND
€236M Invested 15% Interest
Global Portfolio - $278.9 billion
GLOBAL DIVERSIFICATION BY REGION
as at March 31, 2016
Australia ($7.8 billion) 2.8%
Latin America ($8.2 billion) 2.9%
Japan ($18.0 billion) 6.5%
United Kingdom
($20.9 billion) 7.5%
Other ($1.1 billion) 0.4%
United States
($110.9 billion) 39.7%
Asia (excluding Japan)
($25.5 billion) 9.1%
Europe (excluding U.K.)
($33.4 billion) 12.0%
ASSOCIATED
BRITISH PORTS
UNITED KINGDOM
£1.6B Invested 33% Interest
ANGLIAN
WATER GROUP
UNITED KINGDOM
Canada
($53.3 billion) 19.1%
£478M Invested 32% Interest
KISTA GALLERIA
MARKIT
UNITED KINGDOM
300
$250M Invested 9% Interest
ORPÉA S.A.
FRANCE
SEK$1.2B Invested 50% Interest
UNITED KINGDOM
CVC CAPITAL
PARTNERS
An independent investment
advisor operating an integrated
network of 13 established
offices who acquire interests
in companies globally
UNIBAIL-RODAMCO
JV
FERROVIAL
Leading global infrastructure
operator and municipal
services company with
a presence in over
25 countries
WESTFIELD
£436M Invested 25% Interest
€320.8M Invested 15% Interest
GERMANY
€760M invested 46.1% interest
INTERPARKING
BELGIUM
€376M Invested 39% Interest
Pr
o
jec
t
Pr 20 ed
oj 20
ec *
t
20 ed
30 *
16
15
20
14
20
13
20
12
20
11
20
20
518
FISCAL YEAR ENDING MARCH 31
* Projections made 2013.
Our scale and certainty of assets provide us a long
investment horizon (20+ years in some asset
classes) and ability to fund large scale transactions.
DORNA
SPORTS S.L.
SPAIN
€400M Invested 39% Interest
ATLANTIA
Italian holding company of
Autostrade per l’Italia and
Aeroporti di Roma with
a market capitalisation of
approximately €15.9B
SWEDEN
CERTAINTY OF ASSETS
C$ BILLIONS
550
500
450
400
350
300
265 279
250
219
183
200
148 162
150
100
50
0
ADVENT
INTERNATIONAL
A global private
equity firm focused on
company buyouts
PUERTO VENECIA
SHOPPING
CENTRE
SPAIN
€225M invested 50% interest
LAND SECURITIES
The largest commercial
property company in
the U.K. with more than
26 million sq ft of property
under management or
ownership
UNIBAIL-RODAMCO
Europe’s leading listed
commercial property
company with a focus on
shopping centres, offices
and convention centres
Contacts
Alain Carrier
Head of Europe
[email protected]
+44 20 3205 3434
FUNDAMENTAL
INVESTING
INFRASTRUCTURE
PORTFOLIO VALUE
CREATION
Dureka Carrasquillo
[email protected]
+44 20 3205 3441
Cressida Hogg
[email protected]
+44 20 3205 3534
Paul Mullins
[email protected]
+44 20 3205 3490
RELATIONSHIP
INVESTMENTS
Neil King
[email protected]
+44 20 3205 3427
REAL ESTATE
INVESTMENTS
Nathan Townsend
[email protected]
+44 20 3205 3494
SHORT HORIZON
ALPHA
David Galica
[email protected]
+44 20 3205 3450
DIRECT PRIVATE
EQUITY
Hafiz Lalani
[email protected]
+44 20 3205 3524
PRINCIPAL CREDIT
INVESTMENTS
Ben Mason
[email protected]
+44 20 3205 3479
Bill Ammons
[email protected]
+44 20 3205 3478
BUSINESS
DEVELOPMENT
NATURAL
RESOURCES
Marco Vetrone
[email protected]
+44 20 3205 3425
Avik Dey
[email protected]
+1 416 972 8317
AGRICULTURE
Angus Selby
[email protected]
+44 20 3205 3521
Andrea Orlandi
[email protected]
+44 20 3205 3436
PRIVATE REAL
ESTATE DEBT
Martin Healey
[email protected]
+44 20 3205 3451
EXTERNAL PORTFOLIO
MANAGEMENT
Aleks Weiler
[email protected]
+44 20 3205 3453
FUNDS, SECONDARIES
& CO-INVESTMENTS
Delaney Brown
[email protected]
+44 20 3205 3431