CPPIB, Pacific Asset Management Launch South Korea Data Center Joint Venture
The Canada Pension Plan Investment Board’s C$285 million commitment follows several recent data center investments.
The pension giant lost 3.6% during the second quarter due to foreign bonds and falling domestic stocks.
The manager of Norway’s $1.76 trillion sovereign wealth fund paid $217 million for the real estate.
The performance raised the plans’ year-to-date return to 9.6%.
The C$648.8 billion pension giant will own a 90% stake, while real estate firm Kennedy Wilson will take a 10% interest and manage the operation.
Established and emerging sports leagues are opening up and attracting institutional investors to a range of opportunities.