Canada Pension Plan Investment Board (CPP Investments) closed its fiscal year on March 31, 2026, with net assets rising to C$793.3 billion, up from C$714.4 billion a year earlier. The fund delivered a net income of C$56.9 billion and a 7.8 per cent annual return, a resilient performance amid global market volatility and geopolitical uncertainty.
Over the past decade, CPP Investments has achieved an annualised net return of 8.8 per cent, generating C$549 billion in cumulative net income since inception.
President & CEO John Graham said the results highlight the strength of CPP’s diversified portfolio, which benefited from gains in U.S. equities, energy, infrastructure, and credit, though partially offset by foreign exchange pressures and bond losses. “By staying disciplined and investing for the long term, we continued to build value for generations of CPP contributors and beneficiaries,” Graham said.
India emerged as a key focus in CPP’s global investment strategy during fiscal 2026. The fund invested $175 million in Aadhar Housing Finance, the country’s largest affordable housing finance company, alongside Blackstone Asia.
It also injected $27 million into Federal Bank, a private sector lender, strengthening its footprint in India’s financial services sector. In addition, it committed $400 million to Bain Capital Asia Fund VI, which targets buyout opportunities across Asia, including India.
These moves build on CPP’s growing presence in India, where it has already invested in infrastructure, real estate, and technology. The latest commitments reflect confidence in India’s long-term growth trajectory and its expanding middle-class demand for housing and financial services.
Globally, CPP Investments also made significant allocations to technology, healthcare, and real assets, including a C$60 million investment in Wealthsimple in Canada and a $1 billion majority stake in US-based OneDigital.
With the Office of the Chief Actuary reaffirming the sustainability of both the base and additional CPP accounts, CPP Investments’ India bets highlight its strategy of balancing global diversification with targeted exposure to high-growth markets. As Graham emphasized, “Canadians can continue to rely on the CPP as a strong foundation for their retirement income.”