Canada Pension Plan forms real estate venture with Brazil's BTG - Reuters
The Canada Pension Plan Investment Board expanded its real estate presence in Brazil on Friday, saying it has formed a partnership with Banco BTG Pactual to invest in residential development, reports Reuters. The CPPIB, one of the world's largest pension fund investors, said it had committed an equity investment of $240 million to give it a 40 percent stake in the venture, while BTG Pactual will make an equal investment.
25 October 2013•1 min read
