25 years ago, Ontario Teachers made its first direct investment in private equity. They took a bath and lost the entire investment. But they didn't give up and today have a private capital business that earned a 35% return last year and has C$36 billion in assets.
The Canadian government plans on seeking institutional investment to help it make C$120 billion ($92.2 billion) in infrastructure investments across the country over the next 10 years. But it's uncertain whether large public plans within Canada's borders — some of the world's largest infrastructure investors — will join in.
Canada Pension Plan Investment Board, Toronto, and British Columbia Investment Management Corp., Victoria, are part of a group that has offered to buy Asciano Ltd., valuing the Australian port and rail operator at A$12 billion ($9 billion).
A unit of the Caisse de Depot et Placement du Quebec and the money manager for Stichting Pensioenfonds ABP raised a combined $920 million to invest in Chinese retail real estate developer Chongbang Group.