Why does the CPP Investment Board want to invest in infrastructure?
Infrastructure is an attractive asset class for the CPP Investment Board and for most other large pension funds in Canada. The CPPIB infrastructure program’s focus is on assets with lower risk and return characteristics, typically characterized by strong regulatory and monopolistic elements, and with low substitution risks. Such investments might include electricity transmission and distribution, gas transmission and distribution, water utilities, toll roads, bridges and tunnels, airports, and ports.
