Canada's PSP Investments launches European hub for private markets

Public Sector Pension Investment Board (PSP Investments) has launched a “European hub” to oversee its private-markets investments in the region.

The CAD126bn (€84.4bn) institutional investor has moved 28 professionals to a recently built London office it co-owns with Tishman Speyer.

The European team, based at 10 Bressenden Place, includes Stéphane Jalbert and Patrick Charbonneau, managing directors of real estate and infrastructure investments, respectively.

President and CEO André Bourbonnais described the move as a “strategic milestone” for the organisation which manages the investments of four Canadian public-sector pension plans.

Jalbert has been building PSP Investments’ exposure to European real estate markets since he joined in 2009, including joint ventures with Aviva Investors and Segro.

It has a majority stake in Verde, at 10 Bressenden Place, Victoria, an office building constructed by Tishman Speyer.

Investments in European infrastructure include the acquisition of industrial airport platform AviAlliance and a stake in Angel Trains in the UK.

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