Canada Pension Plan Investment Board commits $1.2B to Ares Management's Japan DC Partners I data center fund and $400M to Greystar Global Strategic Partners II rental housing fund

Type: Investment · Technology: Data Center, Hospitality · Country: Japan · Value: $1.6B · Announced: 2026-03-31

Canada Pension Plan Investment Board (CPPIB) committed $1.2 billion to Japan DC Partners I, a closed-end value-added fund managed by Ares Management that targets opportunistic data center investments in Tokyo, Japan. The pension fund also allocated $400 million to Greystar Global Strategic Partners II, a closed-end value-added fund focused on institutional-quality rental housing across North America, Europe, South America, and the Asia Pacific region. As of March 31, 2026, CPPIB reported $575.8 billion in assets under management, with a 9% real estate allocation target totaling $36.3 billion. The investments align with CPPIB's strategy to diversify its real estate portfolio while targeting high-growth sectors such as data infrastructure and residential real estate. Ares Management and Greystar were selected as fund managers, leveraging their specialized expertise in data center and rental housing investments respectively.

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