The Canada Pension Plan Investment Board (CPP Investments) has agreed to acquire a significant stake in Sempra Infrastructure Partners (Sempra Infrastructure), a major North American energy company that develops, owns, and operates natural gas pipelines, liquefied natural gas (LNG) export facilities, and power generation facilities in the U.S. and Mexico. 

According to CCP Investments’ announcement on Tuesday, September 23, the investment, valued at approximately $3 billion, was made alongside affiliates of global investment firm KKR, giving CPP Investments an indirect 13% equity interest in the company.

Max Biagosch, a Senior Managing Director and Global Head of Real Assets at CPP Investments, highlighted the strategic importance of the deal. 

He stated that natural gas and LNG infrastructure are crucial for the global energy transition, helping to meet growing worldwide demand and support long-term sustainability goals.

“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,” Biagosch said. 

He added that Sempra Infrastructure plays an essential role in providing reliable and affordable energy solutions across North America and beyond. 

This investment will help CPP Investments meet that demand and deliver long-term value to the Canada Pension Plan fund, with the transaction expected to close between the second and third quarters of 2026, subject to regulatory and other approvals.

CPP Investments' announcements come barely a month after the company sold its nearly 50% stake in Transportadora de Gas del Peru S.A. pipeline to a group of funds managed by EIG, a global institutional investor in the energy and infrastructure sectors. 

Announced on August 12, 2025, the transaction wrapped CPP Investments' decade-long involvement with TgP, which it first invested in back in 2013.