BetaKit’s current list of top investors with billions of dollars invested in Canadian projects.
Prime Minister Mark Carney’s Canada Investment Summit will bring 100 of the world’s largest institutional investors together in Toronto next week to attract foreign capital.
The conference hopes to stimulate $1 trillion in investment in the country over the next five years. Ahead of the summit, major Canadian banks, pension funds and asset managers began announcing their intention to spend more than $100 billion in new capital in Canada over the next decade, much of it on growth projects and critical technology infrastructure.
As capital commitments come in, and more are sure to come, BetaKit will continue to update the list so you can keep track of how much money is being deposited.
Liabilities
RBC’s billion-dollar growth fund
Canada’s largest bank has announced a US$1 billion (C$1.4 billion) fund to support the scaling of Canadian technology companies. RBC is investing up to US$300 million of its own capital into the fund and plans to raise the rest from third parties.
CIBC’s $2 billion defense commitment
The Canadian Imperial Bank of Commerce (CIBC) has pledged C$2 billion in funding over five years to Canadian defense and dual-use small and medium-sized businesses that develop infrastructure, energy, cybersecurity, digital capabilities and advanced technologies.
$10 billion from OTPP
The Ontario Teachers’ Pension Plan Board announced Friday it aims to invest C$10 billion more in Canada by the end of 2027, building on the roughly $100 billion held in the country’s gross assets.
$70 billion for infrastructure from BMO
Bank of Montreal (BMO) said it plans to “mobilize” up to C$70 billion in new capital in Canada over the next decade. The sectors it targets include critical infrastructure such as power, oil and gas and transportation, as well as mining, artificial intelligence computing and defence.
$10 billion from Power Sustainable
Montreal-based alternative asset manager Power Sustainable has announced it will invest more than $10 billion in Canadian projects and companies over the next five years. Some of the portfolios mentioned include infrastructure equity, infrastructure lending and private equity investments in the clean energy, industrial and agri-food sectors.
Sun Life’s $5 Billion Infrastructure Commitment
Insurance and financial services manager Sun Life has launched its Commitment to the Canadian Infrastructure Initiative, a C$5 billion commitment to Canadian investments over the next five years.
30% PSP deposit
The Public Sector Pension Investment Board, one of Canada’s largest pension funds, said Finance post that it plans to increase its Canadian liabilities by 30 to 40 percent over the next few years to reach approximately $100 billion in domestic assets.
With files from Stefan Palios.
Image provided Unsplash. Photo by the author Sebastian Stam.