PSP garners 27.5% one-year return on private debt

The Canadian pension plan boosted assets by 16.1% for the year ending 31 March. 

The Public Sector Pension Investment Board’s growing private debt portfolio has showed a 27.5 percent return over the one-year period ending 31 March, the firm said on Wednesday.

This represents more than double its 12.4 percent target return for the asset class, according to a statement. The one-year period – which PSP counts as fiscal year 2017 – marks the first full fiscal year that private debt platform has been in operation, the firm’s 2017 annual report showed.

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