After an initial transfer of $12.1 million from the CPP, we began investing in publicly traded stocks in 1999.
We made our first private market investment in 2001. A year later, CPP Investments’ governance model was recognized by the World Bank as an example for others to follow.
The shift to active management began a period of significant growth. We opened offices in London and Hong Kong in 2008.
Global Offices
We opened six more offices between 2014 and 2020: New York, São Paulo, Luxembourg, Mumbai, Sydney and San Francisco.
Canada
$73.9
Billion as of March 31, 2024
12%
Of total assets as of March 31, 2024
Toronto Office
Our global head office houses employees from all our investment departments and investment support functions.
United States
$267.6
Billion as of March 31, 2024
42%
Of total assets as of March 31, 2024
New York Office
Our midtown Manhattan office keeps our team near the deal flow in this financial capital.
San Francisco Office
Our newest international office gives us an important local presence in the world’s largest innovation hub and fifth largest global economy.
Latin America
$39.8
Billion as of March 31, 2024
6%
Of total assets as of March 31, 2024
São Paulo Office
Our São Paulo office is the centre of our operations across Latin America.
Europe
$117.8
Billion as of March 31, 2024
19%
Of total assets as of March 31, 2024
London Office
One of our longest-standing offices, the London team stays close to the compelling European investment opportunities that align with our long-term investment horizon.
Luxembourg Office
Our Luxembourg office supports our growing portfolio of assets across continental Europe.
Asia Pacific
$133.5
Billion as of March 31, 2024
21%
Of total assets as of March 31, 2024
Hong Kong Office
The first office we opened outside of Toronto, Hong Kong serves as the centre for our Asia Pacific operations.
Mumbai Office
Our growing Mumbai office allows us to leverage local expertise in a diversified market and build important partnerships in a growing economy.
Sydney Office
Our team in Sydney provides an important regional presence that helps us source and manage investments in a dynamic and diverse Australian market that is rich with opportunities.
The Fund continued to grow – to $300 billion in 2016.
We were the first pension fund to offer a Green Bond in 2018 – ensuring we keep pace with the world’s transition to a lower-carbon economy.
In 2022, CPP Investments announced its plan to commit both our portfolio and operations to being net zero of greenhouse gas emissions by 2050.
2024 marks a significant milestone as the CPP Fund has surpassed $600 billion – growing by $62.3 billion since last year to $632.3 billion, several years ahead of initial expectations
Sustainability of the CPP
The most recent triennial report by the Chief Actuary of Canada indicated that the CPP is sustainable over a 75-year projection period
Projected Assets
Actual Assets$ Billions, As at December 31
“The sustainability of the Canada Pension Plan Fund has been protected and reinforced by CPP Investments for over two decades. Our long-term perspective, effective risk management and commitment to good governance help ensure the Fund is strong and resilient, and that the future value of your benefits remains solid.”
– John Graham, President and CEO, CPP Investments