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Deplora 0 points ago +1 / -1

Year-end investment commitments from large pension funds and other institutional investors are not unusual. This is a $457 billion fund, so that is not an unusually large chunk to be going to a single company/investment. They just announced a couple of weeks ago that they would be doing a 45% stake in a $625 million joint venture to purchase a "trophy office tower" in Seattle. https://www.cppinvestments.com/public-media/headlines/2020/hudson-pacific-properties-and-cpp-investments-sign-agreement-to-acquire-office-tower-in-heart-of-seattles-denny-triangle