The Canada Pension Plan Investment Board (CPPIB) and Brookfield Asset Management Ltd. are to announce the launch of a $50-billion “Maple Fund” that will make major investments in infrastructure and key sectors in Canada.
Brookfield and CPPIB will each put up as much as $25-billion over the next five years to make equity investments in sectors that Canada considers strategic, as well as critical infrastructure projects.
Spokespeople for CPPIB and Brookfield each provided The Globe and Mail with statements from their respective CEOs that confirmed plans for the fund.
“Canada is entering a period of new ambition to advance major projects and build for the future, creating compelling investment opportunities across the country,” CPPIB chief executive officer John Graham said in an e-mailed statement.
Read James Bradshaw’s article at The Globe and Mail