Founding and Strategic Members
ATP is a Danish mandatory pension scheme with 5,246,000 members and assets of USD 136.8 billion as of September 30, 2019. Based in Hillerod, Denmark, ATP is the largest administration provider in the Nordic countries, managing two thirds of welfare benefits disbursed in Denmark.
With a global portfolio of USD 115.2 billion and 583 000 plan members, BCI is a leading provider of investment management services for British Columbia’s public sector and one of the largest asset managers in Canada. BCI is based in Victoria, British Columbia.
Bpifrance is the French Sovereign Wealth Fund and one of the largest and most active investment management companies in France with assets of USD 37.6 billion as of June, 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, CalSTRS, the California State Teachers’ Retirement System, is the largest teachers’ retirement system and second largest public pension fund in the nation. CalSTRS provides retirement, disability and survivor benefits to California’s more than 949,000 public school educators and their families. The market value of the CalSTRS Investment Portfolio is approximately USD 242.1 billion as of September 30, 2019.
La Caisse de dépôt et placement du Québec, based in Quebec City, Canada, is a long-term institutional investor with a fund capital of USD 249.5 billion as of June 30, 2019. This fund is managed primarily for public and parapublic pension and insurance plans. As one of Canada’s leading institutional fund managers, La Caisse invests in major financial markets, private equity, infrastructure and real estate, globally.
The CPP Fund is ranked as one of the 10 largest retirement funds in the world and manages a fund capital of USD 308 billion as of September 30, 2019. CPPIB is based in Toronto, Canada.
China Investment Corporation (CIC), founded on 29 September 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 December 31, 2018, CIC managed a fund of USD 940 billion.
First State Super, based in Wollongong, 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. FSS has a fund of USD 69.7 billion under management as of June 30, 2019.
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 A$60.5bn, the Fund has grown to USD 136.7billion as at 30 June 2019.
Established in 1981, GIC manages Singapore’s foreign reserves with over USD 100 billion in assets under management. The firm employs more than 1,200 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 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.
Ontario Teachers' Pension Plan (Teachers') is based in Toronto, Canada. With USD 143.5 billion in assets as of December 31, 2018, the Ontario Teachers' Pension Plan is the largest single-profession pension plan in Canada. An independent organization, it invests the pension fund's assets and administers the pensions of 318,000 active and retired teachers in Ontario.
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 252.3 billion for different pension funds (June 30, 2019).
Based in Brisbane, Australia, and Created in 1991 by the Queensland government to serve its long-term investment responsibilities, QIC manages over USD 56 billion as at June 30, 2019. Spanning infrastructure, real estate, liquid strategies, private capital and multi-asset solutions, the approach is adapted to suit the clients and the investment context.
The Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in June 2011 by the Russian government to make equity investments in high-growth sectors of the Russian economy. RDIF's mandate is to co-invest alongside large and sophisticated global investors, thus acting as a catalyst for foreign direct investment in Russia. RDIF has invested and committed for this purpose over RUB 1,7 trillion, of which RDIF alone invested more than RUB 170 billion and over RUB 1,7 trillion came from co-investors, partners and banks. RDIF also attracted over $40 billion of foreign capital into the Russian economy through long-term strategic partnerships.
Incorporated in 1974, Temasek is an investment company based in Singapore. Supported by 10 offices globally, Temasek owns a USD 225 billion portfolio as at 31 March 2019, 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.