Canadian Pension Fund Plans to Set Up a Credit Arm In India

The Canada Pension Plan Investment Board, one of the world’s largest retirement funds, plans to start a credit arm in India, seizing on a moment when the country’s troubled financial system is starved of capital, the Financial Times reported. CPPIB is putting together a credit strategy for India, international investment head Alain Carrier told the Financial Times, which could see the C$392bn ($297bn) fund build on its Indian real estate and infrastructure investments by partnering with non-bank providers to offer debt or enter the market directly.  “This is something we’ve had a very close look at,” Mr Carrier said. “There is a study of the market that has been under way, and we think there are a number of opportunities for us — there are a few areas that we can play.” Read more