Founding and Strategic Members
Bpifrance is the French Sovereign Wealth Fund and one of the largest and most active investment management companies in France with assets of EUR 33 / USD 37.6 billion as of June 30, 2019. In December 2018, Bpifrance took over the direct investment activities of the international division of Caisse des dépôts et consignations (CDC International Capital) and existing partnerships with sovereign wealth funds and other major institutional long-term investors, including with CIC Capital Corporation (China Investment Corporation), Korea Investment Corporation, Qatar Investment Authority, Mubadala and RDIF.
Based in West Sacramento, USA, the California State Teachers’ Retirement System was established by law in 1913 to provide retirement benefits to California’s public school educators from prekindergarten through community college. Today, CalSTRS is the largest educator-only pension fund in the world, and the second largest pension fund in the U.S. The market value of the CalSTRS Investment Portfolio was approximately $254.7 billion as of October 31, 2020.
La Caisse de dépôt et placement du Québec, based in Quebec City, Canada, is a long-term institutional investor with a fund capital of CAD 333 / USD 243.6 billion in net assets as at June 30, 2020. As one of Canada’s leading institutional fund managers, La Caisse invests in major financial markets, private equity, infrastructure and real estate, globally. Created in 1965 to manage the funds of the Québec Pension Plan, a newly created universal pension plan, CDPQ’s current role is to manage investments on behalf of most of Québec's public and parapublic pension and insurance funds.
China Investment Corporation (CIC), founded on September 29, 2007 and based in Beijing, China, was established as a vehicle to diversify China's foreign exchange. Three subsidiaries of CIC—CIC International Co., Ltd. (CIC International), CIC Capital Corporation (CIC Capital) and Central Huijin Investment Ltd. (Central Huijin)—were incorporated separately and function as three distinct entities. As of September 2020, CIC managed a fund of USD 1 050 billion.
Based in Utrecht, Netherlands, PGGM provides services in the field of pension management, integral asset management and executive advice to pension funds, affiliated employers and their employees. Currently, PGGM manages pension assets worth USD 322 billion for different pension funds (June 30, 2020).