CPP Investment Board committed C$318.76 million (US$261.15 million) to the Macquarie European Infrastructure Fund. The board also will co-invest C$151.41 million, along with the Macquarie fund, in the Wales & West gas distribution network. The investments bring the CPP Investment Board's total infrastructure commitments to C$670 million. CPP Investment Board has allocated up to 10% of its C$75.2 billion reserve fund for infrastructure assets. Last year, it committed C$200 million to Macquarie Essential Assets Partnership, which makes Canadian and U.S. infrastructure investments.
The board manages assets of the C$75.2 billion Canada Pension Plan, Toronto.