Montréal, Canada (March 3, 2026) — The Public Sector Pension Investment Board (PSP Investments) today announced it has entered into a Memorandum of Understanding (MoU) under the Canadian–Australian Pension Funds Investment Initiative (CAP Invest Initiative), marking PSP Investments’ participation in a voluntary framework that strengthens collaboration between Canadian and Australian long-term pension investors.
The CAP Invest Initiative was launched today by leaders of some of the largest pension investors in Australia and Canada, in the presence of Prime Minister Mark Carney, the Canadian Minister of Finance and National Revenue, François-Philippe Champagne, and the Assistant Treasurer of Australia, Daniel Mulino. It aims to facilitate dialogue with governments on policy barriers and associated solutions to improve the business environment for investment in each jurisdiction. This collaboration will unlock greater long-term capital for private investment on behalf of millions of working and retired people in both countries.
The CAP Invest Initiative reflects the natural alignment between Canada and Australia. With a shared heritage, open and resource-rich economies, strong credit worthiness, and reliable and transparent legal institutions, PSP Investments believes there is fertile ground to bolster opportunities for investment between Canada and Australia.
“I’m proud of the strong relationships our team has built in Australia and excited about the role we can continue to play through this initiative,” said Deborah Orida, President and Chief Executive Officer of PSP Investments. “For more than a decade, Australia has been an important market for us. This Memorandum of Understanding strengthens cooperation among like-minded long-term investors and helps create the conditions for durable value and essential infrastructure that supports people and communities.”
Through the MoU, signatories also commit to building awareness of investment models that leverage the expertise of long-term and reliable pension capital with the objective of delivering risk-adjusted returns for working and retired people and value for investee companies.
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About PSP Investments
The Public Sector Pension Investment Board (PSP Investments) is one of Canada's largest pension investors with C$299.7 billion of net assets under management as of 31 March 2025. It manages a diversified global portfolio composed of investments in capital markets, private equity, real estate, infrastructure, natural resources, and credit investments. Established in 1999, PSP Investments manages and invests amounts transferred to it by the Government of Canada for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. For more information, visit investpsp.com or follow us on LinkedIn.
Media contact
Olivier Duchesneau
Phone: (514) 710-6582
Email: media@investpsp.ca