After nearly two decades in Latin America, the Canada Pension Plan's managers still see room to expand in the region and especially Brazil, where they...
SAO PAULO - After nearly two decades in Latin America , the Canada Pension Plan 's managers still see room to expand in the region and especially Brazil , where they believe a booming clean energy sector and water concessions offer long-term opportunity.
"We look for markets where we believe we can scale assets, develop relationships and partnerships," Graham said at CPP Investments' offices in the Sao Paulo financial district on Friday. Abundant hydroelectric resources and wind and solar power potential have made Brazil a regional leader for renewable energy, despite growing pains in some areas where generation has outstripped the national grid's capacity.
CPP Investments also made a direct investment in Sabesp, underscoring its interest in the sector, which offers stable and predictable cash flows, crucial for pension funds aiming to generate sustainable returns over decades. "I think what has gone well is being patient, having flexible capital and a long-term perspective," Graham said, adding that the fund has also leaned heavily on its local team, currently 36 employees in Sao Paulo.Authorities arrest ex-sheriff’s deputy who fatally shot a Black airman at his home
A controversial AI regulation bill is sparking a fierce debate in Silicon Valley. California legislatures will vote on SB 1047 this week - if passed it would broadly regulate how AI is deployed and developed.South Carolina Supreme Court to decide minimum time between executions
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