Canada's Public Sector Pension Investment Board (PSP Investments), the largest foreign institutional investor in Australian agriculture, continues to make significant strides in expanding its investment portfolio. The Canadian pension investment manager reported a 4.4% return for fiscal 2023, easily outperforming expectations. John, Managing Director at PSP Investments, leads the charge in the Asia-Pacific region, particularly in private equity investments.
With a reputation for direct investment, Canadian pension funds like PSP Investments are increasingly looking to Australia as a key market for growth opportunities. The partnership announced with global developer Hines further solidifies PSP Investments' commitment to expanding its presence in the Australian market. This move comes as one of the largest pensions in the world discloses changes in its U.S.-traded investments, showcasing PSP Investments' strategic and diversified approach to portfolio management.
In a recent acquisition deal, FirstLight Power, a company owned by PSP Investments, has agreed to acquire Hydroméga, a Montreal-based clean energy company. This acquisition further highlights PSP Investments' focus on sustainable and environmentally conscious investments.