Canada Pension Fund to Expand India Investments as Portfolio Crosses US$22 Billion

The Canada Pension Plan Investment Board (CPP Investments), one of the world’s largest pension funds, is gearing up to expand its footprint in India, building on a 5-year surge that has seen its local assets grow threefold. 

With holdings now touching US$22 billion, the Toronto-based fund views India as a key pillar of its long-term global investment strategy.

India Becomes a Strategic Growth Market

Speaking at a media briefing in Mumbai, John Graham, Chief Executive Officer of CPP Investments, said the fund plans to channel more capital into real assets such as energy, infrastructure, and real estate, where scale and stability support long-term returns.

The fund’s assets in India have grown from CUS$10 billion in 2020 to CUS$30 billion in 2025, underscoring the country’s rising importance within CPP’s global portfolio.

Strong Investment Momentum Across Sectors

Over the past year, CPP Investments has been steadily strengthening its Indian portfolio. In March 2025, the fund increased its stake in the National Highways Infrastructure Trust, reinforcing its commitment to India’s expanding transport network. 

It also committed fresh capital to Kedaara Capital and Accel Partners, focusing on emerging sectors and private equity opportunities. Additionally, the fund entered into a joint venture with RMZ Corp. in 2024 to develop an office park project and exited its real estate platform with Phoenix Mills Ltd in July 2025, realising ₹54.5 billion.

Global Vision and Forward Strategy

With US$732 billion in total global assets, CPP Investments continues to diversify into high-growth sectors such as artificial intelligence, data centres, and clean energy generation. Its India strategy aligns with this broader global focus, combining infrastructure expansion with digital and energy transformation. 

As global investors shift focus beyond China, India’s economic dynamism has positioned it as a preferred investment hub for the pension giant.

Read More: India Reaches US$20 Billion in New Cumulative AI Investment Commitments!

Conclusion

CPP Investments’ renewed commitment to India signals rising global confidence in the nation’s economic outlook. By strengthening its exposure to infrastructure and energy, the fund is not only deepening its local presence but also reinforcing India’s position as a cornerstone of sustainable, long-term global investment flows.

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