Brookfield, CPPIB to launch $50-billion fund to invest in strategic sectors, sources say
Brookfield Asset Management and the Canada Pension Plan Investment Board are launching a $50-billion 'Maple Fund' to invest in Canadian infrastructure and strategic sectors. Each entity will contribute $25-billion to the initiative, which aims to support large-scale projects across the country.
Why it matters
This significant capital injection represents a major shift in domestic investment strategy for Canada's largest pension fund and asset manager.
Canada Pension Plan Investment Board CEO John Graham, shown in 2024, said the country 'is entering a period of new ambition to advance major projects and build for the future.' Carla Carniel/Reuters
The Canada Pension Plan Investment Board and Brookfield Asset Management Ltd. are jointly launching a $50-billion “Maple Fund” that will make major investments in infrastructure and key sectors in Canada, two sources said Monday.
Brookfield and CPPIB will each put up as much as $25-billion over the next five years to make equity investments in sectors that Canada considers strategic, as well as critical infrastructure projects, the sources said.
The Globe and Mail is not identifying the sources because they are not authorized to discuss the agreement publicly.
Spokespeople for CPPIB and Brookfield each provided statements from their respective CEOs that confirmed plans for the fund when The Globe contacted them for comment, but did not offer details.
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