Deals: CPPIB to invest initial US$162M in SC Capital Partners – Investment Executive

Investment Activities - CPPIB is investing up to US$162 million in SC Capital, which has been a global institutional investor since 2022 [1] - CPPIB will also invest up to US$1.05 billion in a US$10.1 billion transaction for an indirect non-controlling interest in Castrol, expected to close by the end of 2026 [3] - Kelso & Co. has acquired a 25% stake in Wellington-Altus Financial Inc. for nearly US$400 million, with over 99% shareholder support [4] - Portage has closed a deal with Point72 Ventures to manage select fintech assets, moving them into a US$280 million continuation vehicle [8] Market Insights - Japan is highlighted as a key hospitality market due to strong inbound tourism and domestic demand, with SC Capital managing approximately US$9 billion in assets, 75% of which are in Japan [2] - The Canadian accredited investor market is projected to double between 2024 and 2029, prompting Maples Group to launch a fund administrative service for alternative investment funds [7] Real Estate Developments - BGO has entered the North American student housing market by acquiring a two-tower residential complex in Edmonton, which includes 272 residential units and 493 student beds [6]