The Canada Pension Plan Investment Board’s total net assets climbed 11% to $793.3 billion at the end of its latest fiscal year, the pension-fund manager announced.

CPPIB has seen its real-asset portfolio generate a 7.9% annualized net return over the past five years.

During the latest fiscal year, CPPIB’s net assets increased by $78.9 billion from $714.4 billion a year earlier. The increase consisted of $56.9 billion in net income and $22 billion in net transfers from the Canada Pension Plan.

CPPIB said real assets, particularly energy and infrastructure holdings, contributed meaningfully to fiscal 2026 performance alongside gains in public equities and credit.

Among its major real-estate and infrastructure transactions during the year, CPPIB committed US$400 million to Greystar Global Strategic Partners II, invested about US$1.6 billion for a controlling interest in Nordic data-centre provider atNorth and allocated C$1 billion of equity capital to a joint venture with Dream Industrial REIT and Dream Asset Management to acquire last-mile industrial properties across Canada.

The Canadian industrial-property venture agreed to acquire a 12-building portfolio totalling 3.6 million square feet in Ontario, Quebec and Alberta for C$805 million.

CPPIB also committed about US$175 million to a U.S. senior-living portfolio, invested €234 million to support European student-housing operator Nido Living’s acquisition of Livensa Living and committed JPY192.5 billion, or about C$1.8 billion, to a Japanese data-centre development partnership managed by Ares Management.

The pension manager said Canadian investments generated a five-year annualized net return of 4.5%, trailing returns in the United States at 8.7%, Europe at 4.9% and Latin America at 10.2%, but exceeding Asia Pacific at 2.6%.

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Pictured: An atNorth data centre.

Photo: CNW Group/CPPIB

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