Canada Pension Plan Investment Board, a private equity firm, agreed to invest $183m in PCREPL, a joint venture between CPPIB and Phoenix Mills, a real estate developer. “We are very pleased to further expand our existing relationship with PML to develop world-class office space which will cater to the needs of global and domestic corporations. As a longstanding investor in India, this investment cements our already strong and deep presence in the country’s fast-growing property sector, and will deliver steady, long-term returns for CPP contributors and beneficiaries," Hari Krishna, CPPIB Managing Director.