The Public Sector Pension Investment Board (PSP Investments) has launched a new London office.
PSP Investments is one of Canada's largest pension investment managers, with around $125.8billion of net assets under management.
Established in 1999, PSP Investments manages net contributions to the pension funds of Canada's Federal Public Service, the Canadian Armed Forces, the Royal Canadian Mounted Police, and the Reserve Force.
The London office will be its European hub and PSP said the new location demonstrates its ongoing commitment to Europe.
Andr?© Bourbonnais, president and CEO of PSP Investments, said: "Establishing a European hub is a strategic milestone for us and demonstrates our confidence and commitment to the region."
"It is in line with our vision is to be a leading global institutional investor that delivers on its risk-return objective by driving a total fund perspective."
The London team will focus on long-term investments, predominantly in private equity, private debt, infrastructure, and real estate asset classes.
It will combine long-term capital with insight from its partners and management teams to form strategic investment platforms across Europe.
PSP Investments' has seen already made several investments in Europe, including Cerba HealthCare, a leading European operator of clinical pathology laboratories (Private Equity); a joint venture with Aviva that includes 12 office buildings in Central London (Real Estate); and AviAlliance, a wholly-owned subsidiary of PSP Investments and one of the world's leading private industrial airport platforms (Infrastructure).
In line with its investment strategy, it has partnered with some top-tier organisations in the region, such as Partners Group, SEGRO European Logistics Partnership, BC Partners, Permira and CVC Capital Partners.
"The European hub will enable us to capitalise on opportunities, while further developing strategic partnerships locally," said Bourbonnais.
The team has also made significant acquisitions, in line with its mandate to continue to increase PSP Investments' exposure in the European market.
First published 11.05.2017
Lindsay.sharman@wilmingtonplc.com
