{"id":17851,"date":"2019-12-18T15:00:07","date_gmt":"2019-12-18T20:00:07","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/cppib-invests-in-indian-distressed-assets-platform-140678"},"modified":"2019-12-18T15:00:07","modified_gmt":"2019-12-18T20:00:07","slug":"cppib-investing-in-indian-distressed-assets-platform","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/12\/18\/cppib-investing-in-indian-distressed-assets-platform\/","title":{"rendered":"CPPIB investing in Indian distressed assets platform"},"content":{"rendered":"<div class=\"alignleft clearfix\">\n<div class=\"wp-caption feature-image alignleft\"><img decoding=\"async\" loading=\"lazy\" width=\"316\" height=\"190\" src=\"https:\/\/www.benefitscanada.com\/wp-content\/uploads\/2017\/02\/Indian-real-estate.jpg\" class=\"attachment-feature size-feature wp-post-image\" alt title=\"CPPIB investing in Indian distressed assets platform\"> <\/div>\n<\/div>\n<p class=\"byline\"><span>Staff<\/span>&nbsp;|&nbsp;December 18, 2019<\/p>\n<p>The Canada Pension Plan Investment Board is&nbsp;committing&nbsp;US$225 million to the India Resurgence Fund platform, through its wholly owned&nbsp;subsidiary CPPIB Credit Investments Inc.<\/p>\n<p>The IndiaRF is a distressed-assets buyout platform, jointly sponsored by&nbsp;Piramal Enterprises Ltd. and Bain Capital Credit. It seeks to buy distressed assets by purchasing&nbsp;existing debt and equity securities, either through bankruptcy&nbsp;courts, directly from lenders or through newly issued securities. After taking control of an asset, the platform performs a turnaround and implements operational improvements.<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/cppib-investing-through-india-infrastructure-fund-139926\">CPPIB investing through India infrastructure fund<\/a><\/strong><\/p>\n<p>The CPPIB is joining the platform\u2019s anchor investor, the International Finance Corp. Together, the two entities intend to improve&nbsp;environmental, social and corporate governance standards at IndiaRF, according to a press release.<\/p>\n<p>\u201cOur investment in IndiaRF represents an increase in our credit commitments in India, targeting attractive risk-adjusted returns in the sizeable Indian distressed-credit space,\u201d said John Graham, senior managing director and global head of credit investments at the CPPIB. \u201cStrong partnerships are at the core of how we invest \u2014 a strong local operator with active oversight from a trusted global partner will allow us to further increase our investments in India for the long term.\u201d<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/pension-podcast-institutional-investors-urged-to-bottom-up-approach-to-india-137722\">Pension Podcast: Institutional investors urged to consider bottom-up approach to India<\/a><\/strong><\/p>\n<p> <a href=\"https:\/\/www.benefitscanada.com\/news\/cppib-invests-in-indian-distressed-assets-platform-140678\">Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Staff&nbsp;|&nbsp;December 18, 2019 The Canada Pension Plan Investment Board is&nbsp;committing&nbsp;US$225 million to the India Resurgence Fund platform, through its wholly owned&nbsp;subsidiary CPPIB Credit Investments Inc. The IndiaRF is a distressed-assets buyout platform, jointly sponsored&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17851"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=17851"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17851\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=17851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=17851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=17851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}