{"entity":{"id":"cpp-investments","slug":"cpp-investments","name":"CPP Investments","kind":"pension_investment_manager","summary":"Canadian pension investment manager in the AirTrunk consortium.","description":"A pension-capital relationship, not a venture-capital round or an operator’s construction role.","countryCodes":["CA"],"region":"North America","theme":"capital","sourceIds":["cp-src-airtrunk-completion"],"origin":"global","reviewedAt":"2026-09-28"},"connections":[{"id":"cp-cpp-airtrunk","sourceId":"cpp-investments","targetId":"airtrunk","label":"Pension investor in consortium","description":"CPP Investments is named in the completed acquisition consortium; no individual payment is assigned.","kind":"pension_investment","status":"documented","sourceIds":["cp-src-airtrunk-completion"],"recordIds":["cp-fin-airtrunk"],"date":"2024-12-23","theme":"capital"}],"finance":[{"id":"cp-fin-airtrunk","title":"AirTrunk consortium acquisition: enterprise-value basis","sourceId":null,"targetId":"airtrunk","amount":"24000000000","amountLabel":"Over AUD 24 billion implied enterprise value","currency":"AUD","valueKind":"acquisition_enterprise_value_lower_bound","date":"2024-09-04","period":"Agreement September 2024; completion December 2024","status":"documented","sourceIds":["cp-src-airtrunk-agreement","cp-src-airtrunk-completion"],"countryCodes":["US","CA","AU"],"note":"Consortium-wide implied enterprise value includes committed-project capital expenditure. It is neither one investor’s payment nor annual operating expenditure. The completion source subsequently describes the deal as A$24 billion.","origin":"global"}],"sources":[{"id":"cp-src-airtrunk-agreement","title":"AirTrunk acquisition agreement and valuation basis","url":"https://www.blackstone.com/news/press/blackstone-announces-agreement-to-acquire-airtrunk-in-a-a24b-transaction/","publisher":"Blackstone","publishedAt":"2024-09-04","accessedAt":"2026-09-28","kind":"primary","note":"Company announcement. Enterprise value includes capital expenditure for committed projects; it is not cash invested by one consortium member."},{"id":"cp-src-airtrunk-completion","title":"Completion of AirTrunk acquisition","url":"https://airtrunk.com/completion-of-airtrunk-acquisition-by-blackstone-marking-new-era-of-growth/","publisher":"AirTrunk","publishedAt":"2024-12-23","accessedAt":"2026-09-28","kind":"primary","note":"Operator announcement confirms completion by Blackstone-led consortium including CPP Investments."}],"neighbors":[{"id":"airtrunk","slug":"airtrunk","name":"AirTrunk","kind":"data_center_operator"},{"id":"cpp-investments","slug":"cpp-investments","name":"CPP Investments","kind":"pension_investment_manager"}],"gaps":[],"snapshotDate":"2026-09-28"}