Canada Pension Plan Investment Board (CPPIB) has announced the opening of a new office in India's financial capital, Mumbai, to focus on investment opportunities across the Indian subcontinent.

The new office, which will be located in the financial hub of the Bandra Kurla Complex (BKC), will expand CPPIB's global reach, enhancing diversification to help support retirement security for generations of Canadians. The on-the-ground presence will enable CPPIB to effectively source and manage complex, sizeable investment opportunities. Proximity to a growing portfolio of global investments helps CPPIB meet its ongoing asset and risk management objectives.

Mark Wiseman, President & Chief Executive Officer of CPPIB, stated:

"CPPIB has been investing in India since 2010 and we view it as a key growth market that aligns with our strategy of seeking investments in markets that we believe will deliver attractive long-term, risk-adjusted returns. CPPIB's long investment horizon aligns to the financing needs of India's economy, business conglomerates and entrepreneurs. We look forward to continuing to expand our footprint in this important market."

"CPPIB already has significant investments in the country across infrastructure, real estate and financial services. The opening of an office in Mumbai allows CPPIB to develop local expertise, build important partnerships and access investment opportunities that may not otherwise have been available."

From the Mumbai office, CPPIB will focus primarily on growing its portfolio in India. CPPIB has committed more than US$2 billion to investments in India, including: Kotak Mahindra Bank, L&T Infrastructure Development Projects, Piramal Enterprises Limited, Shapoorji Pallonji Group, Multiples Alternate Asset Management, and India Value Fund Advisors

CPPIB now operates a network of seven offices across the globe comprising Toronto, Hong Kong, London, Luxembourg, Mumbai, New York and São Paulo.