PSP Investments

The Public Sector Pension Investment Board, operating as PSP Investments, is a Canadian Crown corporation established in 1999 by the Parliament of Canada. Its legislative mandate is to manage the pension funds of the federal Public Service, the Canadian Armed Forces, the Royal Canadian Mounted Police, and the Canadian Forces Reserves. Headquartered in Ottawa with its principal business office in Montréal, PSP Investments has expanded its global footprint with offices in key financial centers, including New York, London, and Hong Kong. The firm operates as a professional investment manager, tasked with investing fund contributions to achieve a maximum rate of return without undue risk of loss, considering the funding needs of the pension plans.

PSP Investments manages a diversified portfolio of assets across public and private markets. Its investment strategy spans private equity, private credit, infrastructure, real estate, natural resources, and public market equities and fixed income. The organization serves a specific and defined client base: the contributors and beneficiaries of Canada's public sector pension plans. Its business model is not that of a typical asset manager seeking external clients; instead, it functions as the dedicated investment arm for these specific pension funds. Revenue is generated through the returns on its global investments, which directly fund the pension obligations.

The corporation's services are centered on sophisticated, long-term investment management. By leveraging its scale and long-term investment horizon, PSP Investments participates in large and complex transactions globally. This includes direct investments in private companies, co-investments alongside partners, and the management of extensive portfolios in real assets like infrastructure and real estate. A key aspect of its approach is the integration of environmental, social, and governance (ESG) factors into its investment decisions, reflecting a commitment to responsible and sustainable investing.

Keywords: pension fund management, institutional investing, Canadian Crown corporation, global asset management, private equity, infrastructure investing, real estate investment, private credit, responsible investing, long-term capital