CPPIB Credit Investments to participate in A$500m of seed lending to a new fund. :
Canada Pension Plan Investment Board (CPPIB) has entered the real estate debt markets in Australia and New Zealand through a A$500m (€317m) partnership with Challenger Investment Partners. The Canadian pension fund said its credit investments business will participate in A$500m of seed lending to a fund to invest in middle-market real estate loans. Geoffrey Souter, managing director and head of private real estate debt at CPPIB, said: “This partnership marks our first real estate debt investment in Australia and New Zealand.