Founding and Strategic Members
ATP is a Danish mandatory pension scheme with 5,322,000 members and assets of DKK 960 / USD 158.5 billion as of December 31, 2020. Based in Hillerod, Denmark, ATP is the largest administration provider in the Nordic countries, managing two thirds of welfare benefits disbursed in Denmark.
Aware Super (formerly First State Super) based in Sydney, Australia, is one of Australia’s largest industry funds providing superannuation, advice and retirement solutions to those who teach, nurse, care, respond and help others in their communities. Aware Super has a fund of USD 110.2 billion under management as of March 2021.
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.
CPPIB, based in Toronto, Canada, is a leading global professional investment management organization that invests the assets of the Canada Pension Plan (CPP). It is ranked as one of the 10 largest retirement funds in the world and manages a fund capital of USD 372 billion as of December 31, 2020. Through its investment departments (Public Market Investments, Private Investments, Real Estate Investments and Investment Partnerships) CPPIB invests globally in public equities, private equities, private debt, real estate, infrastructure and fixed income instruments.
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.
The Future Fund, located in Melbourne, Australia, is Australia’s sovereign wealth fund and was established in 2006 to strengthen the Australian Government’s long-term financial position. On its initial capital contributions of AUD 60.5 billion, the Fund has grown to AUD 229 / USD 163 billion as of September 30, 2020.
Established in 1981, GIC manages Singapore’s foreign reserves with over USD 500 billion in assets under management. Headquartered in Singapore, GIC has investments in over 40 countries and employs over 1,700 people across offices in Singapore, Beijing, London, Mumbai, New York, San Francisco, Sao Paulo, Seoul, Shanghai, and Tokyo.
The HKMA is the government authority in Hong Kong responsible for maintaining monetary and banking stability managing USD 517.8 billion as of December 31, 2018. Its main functions are maintaining currency stability within the framework of the Linked Exchange Rate system, promoting the stability and integrity of the financial system, helping to maintain Hong Kong's status as an international financial centre and managing the Exchange Fund.
PFA is the largest commercial pension company in Denmark with around 1.2 million individual customers and DKK 730bn / USD 120.5 billion (December 31, 2020) in assets under management. PFA is owned by The PFA Foundation, Confederation of Danish Employers and other employer and labor associations. PFAs head office is located in Copenhagen, Denmark and the company is subject to applicable laws and regulations with the lead regulator being the Danish FSA.
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).
Based in Brisbane, Australia, and Created in 1991 by the Queensland government to serve its long-term investment responsibilities, QIC manages over AUD 85 / USD 65 billion as of December 31, 2020. Spanning infrastructure, real estate, liquid strategies, private capital and multi-asset solutions, the approach is adapted to suit the clients and the investment context.
Incorporated in 1974, Temasek is an investment company based in Singapore. Supported by 10 offices globally, Temasek owns a SGD 306 / USD 214.6 billion portfolio as at March 31, 2020, mainly in Singapore and Asia. Temasek's investment themes centre on: Transforming Economies; Growing Middle Income Populations; Deepening Comparative Advantages; and Emerging Champions. Its portfolio covers a broad spectrum of industries: financial services; telecommunications, media and technology; transportation and industrials; life sciences, consumer and real estate; as well as energy and resources. Total shareholder return for Temasek since its inception in 1974 was 16% compounded annually. Temasek has had an overall corporate credit rating of “Aaa” by Moody’s and “AAA” by Standard & Poor’s since inaugural rating in 2004.