CPP Investments invests $394.78 more in FY 23-24 in Interise Trust
ECONOMY & POLICY

CPP Investments invests $394.78 more in FY 23-24 in Interise Trust

CPP Investments, in a recent announcement, disclosed its additional investment of $394.78 million in Interise Trust (formerly IndInfravit Trust) during the fiscal year 2023-24. This infusion aims to facilitate the acquisition of four operational road concessions. Additionally, CPP Investments injected $217.13 million during the same period into the National Highways Infra Trust (NHIT), sponsored by the National Highways Authority of India.

Furthermore, CPP Investments committed $100 million in the last fiscal year to Kedaara Capital Fund IV, which specialises in mid-market buyout and minority growth investments within India. Another notable commitment made by CPP Investments in 2023-24 was $300 million to an India-based asset manager focusing on structured and private credit opportunities within the country.

CPP Investments, renowned as a professional investment management organisation, diligently oversees funds in the best interest of over 22 million contributors and beneficiaries of the Canada Pension Plan. With a strategic approach, CPP Investments diversifies its portfolios across global markets, encompassing public equities, private equities, real estate, infrastructure, and fixed income assets. (ET Infra)

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

CPP Investments, in a recent announcement, disclosed its additional investment of $394.78 million in Interise Trust (formerly IndInfravit Trust) during the fiscal year 2023-24. This infusion aims to facilitate the acquisition of four operational road concessions. Additionally, CPP Investments injected $217.13 million during the same period into the National Highways Infra Trust (NHIT), sponsored by the National Highways Authority of India. Furthermore, CPP Investments committed $100 million in the last fiscal year to Kedaara Capital Fund IV, which specialises in mid-market buyout and minority growth investments within India. Another notable commitment made by CPP Investments in 2023-24 was $300 million to an India-based asset manager focusing on structured and private credit opportunities within the country. CPP Investments, renowned as a professional investment management organisation, diligently oversees funds in the best interest of over 22 million contributors and beneficiaries of the Canada Pension Plan. With a strategic approach, CPP Investments diversifies its portfolios across global markets, encompassing public equities, private equities, real estate, infrastructure, and fixed income assets. (ET Infra)

Next Story
Infrastructure Urban

Awfis Expands Presence in GIFT City

Awfis has announced the leasing of a 30,221 sq ft co-working center in Gujarat International Finance Tec-City (GIFT City), located in Gandhinagar. This strategic move enhances Awfis’s footprint in Ahmedabad, bringing its total built-up area in the city to approximately 83,500 sq ft. Amit Ramani, the chairman and managing director of Awfis, emphasized the company's ambitious expansion strategy. Awfis plans to add 40,000 new seats in the fiscal year 2025, aiming to reach a total capacity of 135,000 seats by the end of that period. This significant growth reflects the increasing demand for fle..

Next Story
Real Estate

Domestic Firms Driving Indian Office Market Growth

The Indian office market is undergoing a significant transformation, with domestic companies projected to lease 60-65 million square feet of office space between 2024 and 2025, as reported by CBRE. This shift marks a departure from the historical reliance on global corporations, particularly those from the United States. Over the past two years, domestic firms have seen a remarkable 60% increase in office space absorption compared to the pre-pandemic period (2018-2019). They now account for nearly 47% of overall office leasing activity, with Delhi-NCR leading, followed by Bengaluru and Mumbai..

Next Story
Infrastructure Urban

L&G Sells CALA Group for £1.35 Billion

Legal & General (L&G) has sold its UK housebuilder, CALA Group, for £1.35 billion ($1.78 billion) to an acquisition vehicle led by U.S. firm Sixth Street Partners. This sale aligns with L&G's strategy to streamline its portfolio and concentrate on core businesses. The transaction will provide L&G with £1.16 billion in cash, with £500 million paid at closing and the rest deferred over five years. The deal, expected to complete in Q4, reflects the shifting dynamics of the UK housing market, where annual house price growth has slowed. L&G shares have faced a decline, trading 2.9% lower amid a..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000