The Public Sector Pension Investment Board (PSP Investments) is a Canadian Crown corporation established by an act of Parliament in September 1999. PSP Investments is one of Canada's largest pension investment managers, with CAD $204.5 billion of net assets under management as at March 31, 2021. [1] It invests funds for the pension plans of the Public Service, the Canadian Armed Forces, the Royal Canadian Mounted Police and the Reserve Force.
More than 1000 professionals manage a diversified global portfolio composed of investments in public financial markets, private equity, real estate, infrastructure, natural resources and private debt. PSP Investments' head office is located in Ottawa, Ontario, and its chief business office is located in Montreal, Quebec. I also has offices in New York City, London and Hong Kong. [2]
PSP Investments was incorporated as a Crown corporation under the Public Sector Pension Investment Board Act in 1999. The investments will fund retirement benefits under the Plans for service after April 1, 2000, for the Public Service, Canadian Armed Forces, Royal Canadian Mounted Police, and after March 1, 2007, for the Reserve Force.
In May 2013, German construction company Hochtief sold its airports division (renamed AviAlliance) to PSP Investments for 1.1 billion euros. [3] In October 2015, PSP Investments formed a joint venture with ATL Partners, creating SKY Leasing, a service aircraft leasing company. [4]
A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income.
Temasek Holdings (Private) Limited or simply Temasek, is a Singaporean holding company, owned by the Government of Singapore. Incorporated on 25 June 1974 as a Commercial Investment Company, Temasek owns and manages a net portfolio of S$306 billion as of 2020, with S$39 billion divested and S$49 billion invested during the year. Its one-year Total Shareholder Return (TSR) was 24.5%, with longer term 10 and 20-year TSRs at 7% and 8% respectively, compounded annually. Its TSR since inception was 14%, compounded over 47 years.
The Central Industrial Security Force (CISF) is a Central Armed Police Forces in India.
Budapest Ferenc Liszt International Airport, formerly known as Budapest Ferihegy International Airport and still commonly called just Ferihegy, is the international airport serving the Hungarian capital city of Budapest, and by far the largest of the country's four commercial airports. The airport is located 16 kilometres (9.9 mi) southeast of the center of Budapest and was renamed in 2011 in honour of the most famous Hungarian composer Franz Liszt on the occasion of the 200th anniversary of his birth.
Telesat, formerly Telesat Canada, is a Canadian satellite communications company founded on May 2, 1969. The company is headquartered in Ottawa.
The Ontario Teachers' Pension Plan Board is an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian province of Ontario. Ontario Teachers' also invests the plan's pension fund, and it is one of the world’s largest institutional investors. The plan is a multi-employer pension plan, jointly sponsored by the Government of Ontario and the Ontario Teachers' Federation.
Caisse de dépôt et placement du Québec is an institutional investor that manages several public and parapublic pension plans and insurance programs in Quebec. CDPQ was founded in 1965 by an act of the National Assembly, under the government of Jean Lesage. It is the second-largest pension fund in Canada, after the Canada Pension Plan Investment Board. As of June 30, 2021, CDPQ managed assets of C$389 billion, invested in Canada and elsewhere. CDPQ is headquartered in Quebec City at the Price building and has its main business office in Montreal at Édifice Jacques-Parizeau.
Hochtief Aktiengesellschaft is a German construction company based in Essen, North Rhine-Westphalia, Germany. Hochtief is Germany's largest construction company and operates globally, ranking as one of the largest general construction companies in the United States through its Turner subsidiary, and in Australia through a 72.683% shareholding in CIMIC Group. In 2010 it employed more than 70,000 employees across five corporate divisions. One of these, Hochtief Concessions, is a major airport operator. The others are involved with construction project planning, finance, construction and operation. Work done in 2010 was €23.23 billion, with more than 80% coming from operations outside Germany.
The Canadian Forces Exchange System or CANEX, is a commercial service of the Canadian Forces Morale and Welfare Services. First established in 1968, it is tasked with supporting the Canadian Forces (CF) operational effectiveness, contributing to morale, esprit de corps and unit cohesion. CANEX operates merchandising operations and provides CF members with Advantage Programs at CF bases, wings and units throughout Canada. In Europe, similar facilities (NATEX) are operated in Germany for NATO.
Alberta Investment Management Corporation (AIMCo) is a Canadian Crown corporation and institutional investor established to manage several public funds and pensions headquartered in Edmonton, Alberta. AIMCo was established by an Act of the Legislative Assembly of Alberta in 2008 under the government of Progressive Conservative Premier Ed Stelmach.
The Canada Pension Plan Investment Board, operating as CPP Investments, is a Canadian Crown corporation established by way of the 1997 Canada Pension Plan Investment Board Act to oversee and invest the funds contributed to and held by the Canada Pension Plan (CPP).
OMERS is a Canadian public pension fund, headquartered in Toronto, Ontario, Canada. OMERS is a defined benefit, jointly sponsored, multi-employer public pension plan created in 1962 by Ontario provincial statute to administer retirement benefits and manage pension investment funds of local government employees in the Canadian province of Ontario. "OMERS" stands for the Ontario Municipal Employees Retirement System. As of December 31, 2020, OMERS had C$105 billion of assets under management. OMERS serves over 1,000 participating employers and more than half a million active, deferred and retired employees. OMERS members are employed by municipalities, school boards, transit systems, local electrical distribution companies, police service boards, fire fighting and paramedic services, children's aid societies and associated local agencies, boards and commissions.
An executive agency is a part of a government department that is treated as managerially and budgetarily separate, to carry out some part of the executive functions of the United Kingdom government, Scottish Government, Welsh Government or Northern Ireland Executive. Executive agencies are "machinery of government" devices distinct both from non-ministerial government departments and non-departmental public bodies, each of which enjoy a real legal and constitutional separation from ministerial control. The model was also applied in several other countries.
Riverstone Holdings is a multinational private equity firm based in New York City focused on leveraged buyout, growth capital, and credit investments in the energy industry and electrical power industry sectors. The firm focuses on oil and gas exploration, midstream pipelines, electricity generation, energy and power services, energy and power technology, and renewable energy infrastructure and technology. Riverstone has raised approximately $41 billion since the firm's inception in 2000.
Genstar Capital is a private equity firm that executes leveraged buyout transactions in middle-market companies based in North America. Founded in 1988, Genstar currently has approximately $17 billion in assets under management.
The Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 by the Russian government to make investments in leading companies of high-growth sectors of the Russian economy. Its mandate is to co-invest alongside the world’s largest institutional investors — direct investment funds, sovereign wealth funds and leading companies. RDIF therefore acts as a catalyst for direct investment in Russia.
Infrastructure-based economic development, also called infrastructure-driven development, combines key policy characteristics inherited from the Rooseveltian progressivist tradition and Neo-Keynesian economics in the United States, France's Gaullist and Neo-Colbertist centralized economic planning, Scandinavian social democracy as well as Singaporean and Chinese state capitalism: it holds that a substantial proportion of a nation’s resources must be systematically directed towards long term assets such as transportation, energy and social infrastructure in the name of long term economic efficiency and social equity.
Athens International Airport S.A. or AIA is the airport authority that owns and manages Athens International Airport.
Public-private partnerships in Canada, is a form of alternative service delivery that involves a formal collaborative arrangement between the public and private sector in several initiatives, typically of a long-term nature. Public–private partnerships are commonly known for being used for infrastructure projects related to healthcare, transportation, the environment, justice & correction, recreation & culture, and education.
The Central Industrial Security Force Act, 1968, is an act of the Indian Parliament through which the Central Industrial Security Force (CISF) was raised on 10 March 1969. The CISF is a Central Armed Police Force which specialises in providing security and protection to industrial undertakings and other critical installations including nuclear plants, space centres and Delhi Metro. It is also the airport police of India.