Canada's PSP Investment Board Launches London-Based European Hub

May 10 2017 | 7:32pm ET

Canadian pension fund manager Public Sector Pension Investment Board (PSP) has launched a European hub based out of a new office in London.

The new office will initially host a 28-person local team focused on high-quality, long-term investments predominantly in the private equity, private debt, infrastructure and real estate asset classes, PSP said. It will combine long-term capital with financially oriented insight from our partners and management teams in order to form strategic industry-specific investment platforms across Europe. 

"PSP Investments' vision is to be a leading global institutional investor that delivers on its risk-return objective by driving a total fund perspective," said André Bourbonnais, president and CEO. “Establishing a European hub is a strategic milestone for us and demonstrates our confidence and commitment to the region."

In line with its investment strategy, PSP Investments has partnered with numerous top-tier organizations in the region, such as Partners Group, SEGRO European Logistics Partnership, BC Partners, Permira and CVC Capital Partners, the company added. The European hub will further enable PSP Investments to capitalize on opportunities while further developing strategic partnerships locally.

The move comes as many financial services companies explore moving staff and operations out of London in the wake of Britain’s Brexit. PSP plans to invest as much as $6 billion in Europe over the next five years, according to a Bloomberg report, and raise the headcount of investment professionals in London to 40.

Formed in 1999 and headquartered in Ottawa, Canada’s Public Sector Pension Investment Board manages more than C$125 billion of net assets on behalf of retired members of the Canadian armed forces, the Royal Canadian Mounted Police, public service employees and the reserves.

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