CANADA - The C$125bn (US$80.1bn) giant Caisse de dépôt et placement du Québec (CDP) pension fund, has put C$13.9m (US$9m) into the SAM Private Equity Energy (SPE Energy) Fund, a venture capital fund that invests in non-polluting alternative energy companies.
Based in Guernsey, SPE Energy is a subsidiary of SAM Sustainable Asset Management, a Swiss asset management company focused on sustainability-driven investments. The fund will invest in alternative energy companies involved in energy efficiency, renewable energy, energy management and energy storage as well as e-commerce and information technologies related to such areas.
CDP claims that the investment will give it a foothold in a sector that is on the verge of profound change, similar to the technological revolution of the 1980s. CDP believes that deregulation and the abolition of tariff barriers in the Canadian electricity industry have encouraged the growth of alternative energy by enabling companies to penetrate new markets and to compete more effectively with producers of conventional, polluting energy.
By Geoffrey Ho
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.