Gains in public equities and energy boosted the Canada Pension Plan Investment Board’s returns in its fiscal first quarter for 2027. The public pension fund’s net assets under management rose to $863.6 billion as of June 30, up from $731 billion a year earlier. (The Logic) 

Talking point: This makes for CPP Investments’ best quarter since 2015, according to Bloomberg. Public equities benefited from AI-related sectors and resilient corporate earnings, while energy investments and a stronger U.S. dollar also lifted results. CPP Investments continued to put money behind private credit and AI infrastructure during the quarter, committing US$1 billion to a Blackstone private credit fund, up to US$1 billion to buy auto loans from Global Lending Services and US$150 million to support CoreWeave data centres. It also committed US$1.75 billion to EQT’s AI-infrastructure strategy. Meanwhile, CPP Investments unveiled on Friday a new climate disclosure framework showing that, as of March 31, it had $65.6 billion of its portfolio invested in higher-carbon companies where it could not confirm evidence of selected transition governance measures “due to data limitations or [company] has done nothing at all.” 

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