The Canada Pension Plan Investment Board increased its assets under management by $14.7 billion in its latest quarter with help from a number of significant commercial real estate-related deals.

CPPIB said its net assets increased to $590.8 billion from $576.1 billion quarter-over-quarter.

The pension fund manager’s quarterly report detailed some investments that have not received much public attention.

Notable transactions included C$197 million in financing to support U.S.-based CapVest Partners in its acquisition of Canada’s Recochem. The Montreal-based company manufactures and distributes aftermarket transportation and household fluids.

CPPIB sold the Midland Gate Shopping Centre in Perth, Australia for C$85 million (A$97 million). The property was held through the Vicinity Retail Partnership (VRP). The transaction marked the final asset disposition from VRP, a joint-venture vehicle that had invested in Australian shopping centres since forming in 2010.

CPPIB completed those deals along with a well-known major investment through a new joint-venture with U.S.-based Blackstone entities and funds affiliated with Rialto Capital. The partners acquired a 20% equity stake for US$1.2 billion in a joint-venture that holds a US$16.8-billion senior commercial mortgage loan portfolio.

The portfolio was formerly owned by collapsed U.S.-based Signature Bank and comprises more than 2,600 first mortgages on retail, market rate multi-family and office real estate located primarily located in the New York metropolitan area. 

The U.S. Federal Deposit Insurance Corporations owns the remaining 80% of the mortgage portfolio.