Public Sector Pension Investment Board


The Public Sector Pension Investment Board is a Canadian crown corporation established by an act of Parliament in September 1999. PSP Investments is one of Canada’s largest pension investment managers, with $168.0 billion of net assets under management as at March 31, 2019. They invest funds for the pension plans of the Public Service, the Canadian Armed Forces, the Royal Canadian Mounted Police and the Reserve Force. More than 800 professionals manage a diversified global portfolio composed of investments in public financial markets, private equity, real estate, infrastructure, natural resources and private debt.
PSP Investments' head office is located in Ottawa, Ontario and its chief business office is located in Montreal, Quebec.

History

PSP Investments was incorporated as a Crown corporation under the Public Sector Pension Investment Board Act in 1999. The investments will fund retirement benefits under the Plans for service after April 1, 2000, for the Public Service, Canadian Armed Forces, Royal Canadian Mounted Police, and after March 1, 2007, for the Reserve Force.
In May 2013, German construction company Hochtief sold its airports division to the Public Sector Pension Investment Board for 1.1 billion euros. In October 2015, PSP Investments formed a joint venture with ATL Partners creating SKY Leasing, a service aircraft leasing company.