CPP Investments acquires stake in U.S. energy infrastructure company Tallgrass Energy

Canada Pension Plan Investment Board (CPP Investments) will invest US$843 million (C$1.2 billion) in Tallgrass Energy, a leading energy infrastructure company.

Based in Denver, Colorado, Tallgrass is a leading infrastructure company operating a network of more than 10,000 miles (16,100 kilometres) of pipeline assets across 14 states in the U.S. The company is currently engaged in several initiatives aligned with the global transition to a lower-carbon future, including the development of CO2, hydrogen, renewable fuels, and decarbonized power assets.

“With a business strategy that combines traditional energy and decarbonization solutions, Tallgrass is an attractive investment opportunity because of its dual role in delivering against growing energy needs and increasing decarbonization opportunities,” said Bill Rogers, global head of sustainable energies at CPP Investments, in a press release.

“We are excited to partner with Blackstone and combine our investment and energy expertise to help support the Tallgrass team.”

CPP Investments’ Sustainable Energies group is active across the global energy system, with net assets totalling approximately C$34.2 billion at the end of March, including investments in renewables, conventional energy, carbon capture and storage, distributed and energy services, and emerging and disruptive technologies.

About CPP Investments

Canada Pension Plan Investment Board (CPP Investments) is a professional investment management organization that manages the fund in the best interest of the more than 22 million contributors and beneficiaries of the Canada Pension Plan.

In order to build diversified portfolios of assets, investments are made around the world in public equities, private equities, real estate, infrastructure and fixed income. Toronto-headquartered CPP Investments is governed and managed independently of the Canada Pension Plan and at arm’s length from governments.