'LNG infrastructure is central to meeting rising global demand and supporting long-term transition goals,' says the pension fund
Canadian institutional investor Canada Pension Plan Investment Board (CPP Investments) has agreed to acquire a roughly 13 per cent indirect equity stake in Sempra Infrastructure Partners for US$3 billion, deepening its commitment to energy transition assets.
The stake is being purchased from parent company Sempra, alongside existing investor and co-acquirer KKR.
The deal marks a strategic bet by one of Canada’s Maple eight on the long-term role of liquefied natural gas (LNG) and natural gas infrastructure in the global energy mix. Sempra Infrastructure, a subsidiary of Sempra, operates and develops critical energy infrastructure assets across North America, including LNG export terminals, natural gas pipelines, and renewable energy facilities.
Notably, the move comes a day after one of Canada’s other Maple eight funds, La Caisse, announced their $1 billion equity stake in Australian energy developer Edify Energy.
CPPIB described Sempra as a key contributor to providing dependable, cost-effective, and progressively cleaner energy solutions throughout North America and in international markets.
“Natural gas has an important role to play in the global energy transition, and LNG infrastructure is central to meeting rising global demand and supporting long-term transition goals,” said Max Biagosch, senior managing director and global head of real assets at CPP Investments, in a statement.
“By strategically partnering with leading institutions such as KKR and Sempra, we are well-positioned to advance long-term value creation in a high-quality energy infrastructure platform," he added.
Sempra’s portfolio includes more than 1,600 megawatts of renewable power generation, LNG export capacity in the US and Mexico, and key energy transmission infrastructure. The platform is seen as a linchpin in delivering cleaner, more reliable energy solutions in key global markets.
The $731.7 billion Canadian pension fund - as of June 30, 2025 - has been increasingly active in the energy transition space, reflecting a growing emphasis on sustainability-aligned investments that still deliver strong, risk-adjusted returns for contributors and beneficiaries of the Canadian pension system.
The transaction, which is subject to regulatory approvals and customary closing conditions, is expected to close between Q2 and Q3 of 2026.
