Stephan Rupert
Stephan Rupert has been appointed CIO of Canada Development Fund Funding Administration, a spokesperson for the agency instructed CIO. Rupert would be the inaugural CIO of CGFIM, which started making its first investments late final yr.
CGFIM is a subsidiary of Canadian pension fund PSP Investments that manages the Canada Development Fund, a C$15 billion ($10.94 billion) initiative to put money into Canadian companies and applied sciences to speed up the nation’s path to net-zero.
The Canada Development Fund was integrated in December 2022 and made its first funding in October 2023, investing $90 million in Calgary-based geothermal vitality firm Eavor Applied sciences. In March, the fund made a C$50 million dedication to vitality transition funding supervisor Idealist Capital.
In his function as CIO, Rupert will lead the fund’s portfolio development technique and funding execution actions, Rupert mentioned in a put up on LinkedIn. CGFIM has dedicated C$1.34 billion in investments to this point, in line with Rupert.
CGFIM focuses on investing in three key areas, tasks that cut back emissions throughout the Canadian financial system, together with carbon seize storage and biofuels; clear expertise corporations; and low-carbon provide chains.
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Rupert has labored at PSP Investments for 11 years, most lately as a managing director, head of Americas, infrastructure investments on the fund. He was beforehand vp of company growth at RailAmerica Inc. and a supervisor, mergers and acquisitions, at CN Rail.
Rupert has a bachelor’s diploma in civil engineering and a MBA in finance from McGill College. Rupert can be a CFA charterholder.
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Tags: Canada Development Fund, Canada Development Fund Funding Administration, CGFIM, PSP Investments, Stephan Rupert