Pensions
CPPIB Commits $300 Million to Join IT Firm Buyout Deal
The Canadian pension fund would hold a 24% stake in tech consultant Virtusa after the transaction closes.
CPPIB says it’s critical for long-term investors to understand ‘generational shifts’ caused by the pandemic.
Water Island Capital, which owns 4% of the firm, says the offer price is too low.
CPPIB is plying the oil and gas sector for investment opportunities, as well as going into renewables.
Fund boosts renewable energy investments 100-fold since 2016.