The Canada Pension Plan Investment Board invested over US$229 million in controversial data-mining firm Palantir prior to the company’s public offering, according to documents filed with the U.S. Securities and Exchange Commission (SEC) on November 12. And while the fund has tripled its investment, critics say its stake in the firm raises questions about its stated commitment to ethical investing.
Documents show CPP Investments, the investment arm of Canada’s largest pension fund with $434.4 billion under management, held more than 24 million shares when Palantir debuted on the New York Stock Exchange on September 30. That made it the firm’s third-largest shareholder among institutional investors, as of its public listing date.
