CPP Investments, Brookfield launch $36B Maple Fund for large Canadian projects
What's the deal? Canada Pension Plan Investment Board (CPP Investments) and Brookfield Asset ManagementDealroom has a profile for this one. Try Dealroom → have launched the Maple Fund, a joint framework to deploy up to C$50 billion ($36 billion) in equity for large-scale investments across Canada. The two firms will invest on a 50/50 basis, committing up to C$25 billion each over an initial five-year horizon. The fund targets critical infrastructure and strategic industries.
How it works: The partnership focuses on projects with total equity values above C$5 billion. Each deal will be assessed and approved independently by both organisations through their own governance processes.
Why now? "Canada is entering a period of new ambition to advance major projects and build for the future," said John Graham, chief executive officer of CPP Investments. He said the fund pairs CPP's long-term capital with Brookfield's origination and development strengths.
What's the endgame? The framework is designed to let other investors join individual deals, expanding available capital. It sits on top of both firms' normal-course activities, and each remains free to pursue opportunities alone or with other partners.
Connor Teskey, chief executive officer of Brookfield Asset Management, said the fund could "help drive a generational investment program" backing infrastructure and businesses that support "globally competitive Canadian businesses."
The signal: The tie-up marks a bet by two of Canada's largest investors on domestic megaprojects, channelling patient pension capital toward infrastructure at a scale few individual players can reach. CPP's fund totalled C$863.6 billion at June 30, 2026.
Read more: stockwatch.com
