{"id":18932,"date":"2020-07-10T15:00:41","date_gmt":"2020-07-10T19:00:41","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/cppib-investing-in-non-dairy-protein-maker-147966"},"modified":"2020-07-10T15:00:41","modified_gmt":"2020-07-10T19:00:41","slug":"cppib-investing-in-non-dairy-protein-maker","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/07\/10\/cppib-investing-in-non-dairy-protein-maker\/","title":{"rendered":"CPPIB investing in non-dairy protein maker"},"content":{"rendered":"<div class=\"alignleft clearfix\">\n<div class=\"wp-caption feature-image alignleft\"> <img decoding=\"async\" loading=\"lazy\" width=\"350\" height=\"233\" src=\"https:\/\/www.benefitscanada.com\/wp-content\/uploads\/2020\/07\/32606149_s-350x233.jpg\" class=\"attachment-feature size-feature wp-post-image\" alt=\"Copyright : Noppadon Sakulsom \/\/ 123RF\" title=\"CPPIB investing in non-dairy protein maker\"> <\/div>\n<\/p><\/div>\n<p class=\"byline\"> <span>Staff<\/span>&nbsp;|&nbsp;July 10, 2020 <\/p>\n<p>The Canada Pension Plan Investment Board is leading a new tranche of financing for animal-free dairy maker Perfect Day Inc.<\/p>\n<p>The financing marks an expansion of Perfect Day\u2019s series C financing to $300 million, to which the CPPIB\u2019s thematic investing group is set to contribute $50 million.<\/p>\n<p>The California-based company uses fermentation in microflora to create proprietary protein&nbsp;that can be used to add texture to foods like&nbsp;non-dairy ice cream and butter.<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/omers-investing-in-agri-food-venture-capital-fund-132824\">OMERS investing in agri-food venture capital fund<\/a><\/strong><\/p>\n<p>\u201cThis marks the first investment into thematic investing\u2019s new climate change opportunities strategy, which will focus on innovative companies that are well-positioned to respond to the challenges posed by climate change,\u201d said Leon Pedersen, managing director and head of thematic investing at the CPPIB, in a press release.<\/p>\n<p>\u201cSustainable technologies like Perfect Day are poised to capture structural shifts in industrial practices, physical resources and consumer preferences for environmentally conscious options, which are well-suited to our long-term investing approach. We look forward to building our partnership with the company and its management team.\u201d<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/cppib-posts-2-3-return-in-second-quarter-reaching-409-5-billion-in-assets-138900\">CPPIB posts 2.3% return in Q2, reaching $409.5 billion in assets<\/a><\/strong><\/p>\n<p> <a href=\"https:\/\/www.benefitscanada.com\/news\/cppib-investing-in-non-dairy-protein-maker-147966\">Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Staff&nbsp;|&nbsp;July 10, 2020 The Canada Pension Plan Investment Board is leading a new tranche of financing for animal-free dairy maker Perfect Day Inc. The financing marks an expansion of Perfect Day\u2019s series C financing&#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\/18932"}],"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=18932"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18932\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=18932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=18932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=18932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}