CPP Investments invests $394.78 more in FY 23-24 in Interise Trust

24 May 2024 CW Team

CPP Investments, in a recent announcement, disclosed its additional investment of $394.78 million in Interise Trust (formerly IndInfravit Trust) during the fiscal year 2023-24. This infusion aims to facilitate the acquisition of four operational road concessions. Additionally, CPP Investments injected $217.13 million during the same period into the National Highways Infra Trust (NHIT), sponsored by the National Highways Authority of India.

Furthermore, CPP Investments committed $100 million in the last fiscal year to Kedaara Capital Fund IV, which specialises in mid-market buyout and minority growth investments within India. Another notable commitment made by CPP Investments in 2023-24 was $300 million to an India-based asset manager focusing on structured and private credit opportunities within the country.

CPP Investments, renowned as a professional investment management organisation, diligently oversees funds in the best interest of over 22 million contributors and beneficiaries of the Canada Pension Plan. With a strategic approach, CPP Investments diversifies its portfolios across global markets, encompassing public equities, private equities, real estate, infrastructure, and fixed income assets. (ET Infra)

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