Brookfield, CPP Investments Launch C$50 Billion Fund as Canada Capital Wave Grows — Update
By Adriano Marchese
Brookfield Asset Management and Canada's largest public pension manager will deploy up to 50 billion Canadian dollars (US$35.97 billion) to fund a nationwide push.
Under the framework, named the Maple Fund, Brookfield and the Canada Pension Plan Investment Board will each commit up to C$25 billion over an initial five-year time horizon, aiming to back projects requiring C$5 billion or more in equity capital. The Maple Fund will also keep the door open for third-party co-investors to join on deals.
The partnership marks a large balance-sheet commitment in a broader institutional drive to bankroll Canada's economic and infrastructure buildout ambitions at a time when cross-border trade tensions are adding a strong dose of economic uncertainty. Prime Minister Mark Carney this week is hosting a major investment summit in Toronto, addressing a nation-building push that TD Economics estimates could reach between C$1 trillion and C$1.7 trillion in investments across 300 projects by 2035.
Over the past days, major players such as Toronto-Dominion Bank, Bank of Montreal and Sun Life Financial, have been announcing pledges to support the country's infrastructure projects.
The Ontario Teachers' Pension Plan, which manages hundreds of billions in assets on behalf of nearly 350,000 active and retired teachers in Ontario, is also accelerating its domestic allocation. It said Friday that it will add another C$10 billion to its domestic investments, in which it already invests about one-third of its C$300 billion portfolio.
In parallel, global investment company BlackRock said Tuesday it would invest C$15 million through its philanthropic arm over the next three years to expand economic opportunity and help train the skilled workforce needed to build the major infrastructure projects Canada envisions.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
September 15, 2026 10:28 ET (14:28 GMT)
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