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Canada’s CPPIB targets Latin American investment with São Paulo office

6 Feb 2014

Canada Pension Plan Investment Board (CPPIB) is to open a new office in São Paulo, Brazil to focus on investment opportunities in Latin America.

This new office will expand CPPIB’s global reach and enhance its strategy to build a diversified investment portfolio, according to CPPIB CEO Mark Wiseman.

“Latin America is expected to be a leading source of global growth in the decades ahead,” said he said. “CPPIB already has significant investments in the region, with nearly C$5bn invested in real estate, public and private equity and infrastructure investments. The office will support our efforts to gain access to the best investment opportunities in the region and will help us to continue to forge important relationships with local partners.”

From its Latin American headquarters in São Paulo, CPPIB will focus primarily on the five key markets of Brazil, Chile, Colombia, Mexico and Peru to seek investments that align with the long-term horizon of the CPP Fund.

An on-the-ground presence in key markets with strong local talent provides valuable insights and business connections, while enhancing CPPIB’s ability “to effectively source and manage complex, sizeable investment opportunities”, he noted.

“Proximity to our growing portfolio of global investments and partners helps our ongoing asset management objectives,” Wiseman said.

“São Paulo is the financial capital of Brazil and a business hub for Latin America. We have seen the value of establishing a strong regional base with our offices launched in 2008 in London and Hong Kong, which helped CPPIB to successfully complete over 85 global investment transactions in our latest fiscal year alone.”

CPPIB also opened a small office in New York City in January 2014 in mid-town Manhattan. CPPIB has considerable holdings in the US, with over C$60 bn invested across a number of asset classes. This office puts us close to many of our key partners and other strategic contacts, and also positions us to capitalize on global opportunities in this leading financial capital.

CPPIB now operates offices in five international markets, including Toronto, London, and Hong Kong. The São Paulo office, which is located in the heart of the city’s Faria Lima financial district, will be operational in April 2014.

Fellow Canadian pension fund Alberta Investment Management Corp recently confirmed plans to open its first office outside of Canada, in London

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