Public Sector Pension Investment Board

Name

Public Sector Pension Investment Board

Legal name

Public Sector Pension Investment Board

Website

https://investpsp.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Pension Investment Management

NAICS

Pension Funds (525110), Pension Funds (52511), Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282), Investors, Nec (6799)

akta.pro primary industry

Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA)

akta.pro secondary industries

Core Infrastructure Funds (Transport, Social, Digital, Utilities) (FSANAEAA), Energy & Power Infrastructure Funds (Generation, Transmission, Storage) (FSANAEAB), Real Assets — Real Asset Fund Platforms / Multi-Asset Real Assets (Diversified Real Assets Funds) (FSAHAIAM), Public Asset & Investment Management (BPAIAEAG)

Keywords

• Pension investment management
• Institutional asset management
• Alternative investments
• Infrastructure equity investments
• Private equity investments

Headquarters

HQ city

Montréal

HQ country

Canada

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Others

Distribution channels1 record

Marketing channels3 records

Core offering

PSP Investments manages the pension contributions of the Federal Public Service, Canadian Armed Forces, RCMP, and Reserve Force plans by investing across six global asset classes: Capital Markets, Private Equity, Real Estate, Infrastructure, Credit Investments, and Natural Resources. The organization allocates capital directly and through partner funds in public equities, fixed income, private equity, real estate, infrastructure, credit, and natural resources, with C$320.6 billion in net assets under management as of March 31, 2026.

Product overview

PSP Investments operates as a diversified global pension investment manager offering six core investment asset classes: Capital Markets (public equities and fixed income), Real Estate, Private Equity, Infrastructure, Credit Investments, and Natural Resources. The firm also operates debt programs including Term Debt and a Green Bond Program for capital raising. The asset classes collaborate to enable complex global investments, with total net assets of C$320.6 billion as of March 31, 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Capital Markets Investments in public market equities and fixed income securities, managed through both internal and external managers with active traditional and absolute return strategies.
• Private Equity Long-term private equity investments targeting $100-250 million deals through direct investments and fund vehicles, focusing on established companies with strong cash flows and solid management teams.
• Real Estate Real estate investments through joint ventures with premier partners, focusing on urban real estate globally with exposure to residential, industrial, office, senior housing, and retail sectors.
• Infrastructure Infrastructure investments through long-term partnerships with strategic investors, focusing on transportation, communications, energy, and utilities sectors with global reach.
• Credit Investments Direct credit investments in small-cap corporate debt across private and public markets, including rescue financing and distressed loan opportunities, with presence in Montreal, London, and New York.
• Natural Resources Investments in forestry and agriculture sectors with long-term direct investments featuring strong land and biological asset components, partnered with local best-in-class operators.
• Term Debt Programs Long-term debt issuance programs including C$40 billion Global Medium-Term Note program (144A/RegS format) and A$15 billion Australian Medium-Term Note program, with presence in CAD, USD, AUD, EUR, and GBP markets, issued through wholly-owned subsidiary PSP Capital Inc.
• Green Bond Program Green bond financing strategy supporting environmental projects while maintaining responsible investment practices, with S&P Global rating the framework 'Medium Green' with 'Excellent' governance structure.

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered minor and core.

• Hull Street EnergyminorOthers · 20 May 2026PSP Investments agreed to sell the U.S. operations of FirstLight to Hull Street Energy, a private equity firm focused on power infrastructure and energy transition investments. The transaction encompasses approximately 1.4 gigawatts of installed clean electric capacity across hydroelectric generation, energy storage, and solar energy assets located in Massachusetts, Connecticut, and Pennsylvania.
• Lac Des Mille Lacs First NationminorStrategic or Co-development Partner · 8 May 2026FirstLight (wholly owned by PSP Investments) executed a Power Purchase Agreement with Ontario's IESO for the 57.2 MW Fort Frances Solar Project in partnership with Lac Des Mille Lacs First Nation. The project builds on FirstLight's existing 13.1 MW hydroelectric facility.
• InvestcorpminorStrategic or Co-development Partner · 1 January 2024PSP partnered with long-time investment partner Investcorp to acquire a significant stake in PKF O'Connor Davies, one of the top 25 accounting and advisory firms in the United States. The investment facilitated transition from traditional partnership to dynamic shareholder model.
• FerrovialcoreStrategic or Co-development PartnerCo-investors with PSP in 407 ETR highway infrastructure alongside CPP Investments. Ferrovial previously owned AGS Airports which was sold to AviAlliance (PSP subsidiary).
• AviAlliancecoreOthersAviAlliance is a wholly-owned subsidiary of PSP Investments that manages a global airport portfolio including Athens, Düsseldorf, Hamburg, and San Juan (Puerto Rico). Through AviAlliance, PSP acquired AGS Airports (Aberdeen, Glasgow, Southampton) from Ferrovial and Macquarie Group for £1.53 billion.
• New ForestsminorStrategic or Co-development PartnerPSP created partnership with New Forests to acquire and operate forestry assets in the United States. The IFM Timber Holdings platform includes over 345,000 gross acres of forests across Northern California, Southern Oregon, and Southeastern Oklahoma.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Regional players

• AustralianSuper: AustralianSuper is Australia's largest pension fund (~A$300B) with growing private equity and infrastructure allocations. As a regional peer in the Asia-Pacific with similar long-horizon pension mandate and global infrastructure interests (PSP's Australian MTN program signals AU presence), it is a regional comparable.

Direct peers

• OMERS (Ontario Municipal Employees Retirement System): OMERS is a Canadian pension manager (~C$130B AUM) with global private equity (OMERS Private Equity) and infrastructure platforms. As a fellow Canadian DB pension investor with similar asset class diversification, OMERS is a direct comparable peer.
• Ontario Teachers' Pension Plan Board (OTPP): OTPP is a Canadian pension manager (~C$250B AUM) operating a comparable multi-asset global investment platform. Known for direct investing in infrastructure and private equity, OTPP competes with PSP for the same Canadian and international deal flow.
• Healthcare of Ontario Pension Plan (HOOPP): HOOPP is a Canadian healthcare-sector pension plan manager (~C$110B AUM) with a multi-asset global investment strategy. Comparable to PSP in fund structure, governance, and asset class diversification, though serving healthcare beneficiaries rather than federal public servants.
• British Columbia Investment Management Corporation (BCI): BCI manages ~C$200B in pension and insurance assets for British Columbia public sector. It runs similar private equity, infrastructure, real estate, and forestry strategies, making it a direct Canadian public pension peer to PSP.
• Canada Pension Plan Investment Board (CPP Investments): CPP Investments is Canada's largest pension fund manager (~C$600B AUM) and PSP's most direct peer. Both are Canadian Crown corporations managing pension assets across identical asset classes (PE, infrastructure, real estate, credit) with similar global mandates; they co-invest frequently (407 ETR, AirTrunk).
• Caisse de dépôt et placement du Québec (CDPQ): CDPQ is a Quebec-based institutional investor managing ~C$450B across PE, infrastructure, and real estate. As a fellow Canadian pension manager with global reach and similar multi-asset strategy, CDPQ is a direct comparable for PSP's investment approach and performance benchmarking.

Broad incumbents

• APG Asset Management: APG manages pension assets for Dutch public sector (~€600B). As a large European pension manager with similar long-horizon, multi-asset strategy and global infrastructure/real estate focus, APG is a comparable broad incumbent peer to PSP in size and approach.
• Norges Bank Investment Management (NBIM / Government Pension Fund Global): NBIM manages Norway's sovereign wealth fund (~US$1.7T), the world's largest pension/sovereign fund. It is a broader incumbent peer to PSP, sharing the long-horizon, multi-asset global investment approach, though it operates at significantly greater scale and is government (not Crown corporation) backed.
• GIC (GIC Private Limited, Singapore): GIC manages Singapore's sovereign reserves (~US$770B) with global PE, infrastructure, and real estate mandates. As a globally diversified long-horizon institutional investor, GIC is a broad incumbent peer comparable to PSP's investment model and scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments55 records

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Frequently asked questions about Public Sector Pension Investment Board