Canada Pension Plan Investment Board, Toronto, is “very interested” in European infrastructure assets despite concerns about the region, said Mark Wiseman, executive vice president of investments.
“We’re quite concerned about the outcome of continental Europe,” Mr. Wiseman said during a panel discussion at Bloomberg’s Canada Economic Summit in Toronto. “Having said that, we’re very interested in infrastructure assets in Europe right now. We’re seeing an increasing number of those come to market.”
The C$152.8 billion ($152.9 billion) CPPIB has been investing in private companies and infrastructure in the past decade, buying stakes in utilities, pipelines and companies as it diversifies from stocks and fixed income assets.
Mr. Wiseman will take over as CEO of the pension fund in June, when David Denison retires.