CPP Investments Acquires $3 Billion Stake in Sempra Infrastructure

The Canada Pension Plan Investment Board (CPP Investments) has entered into an agreement to purchase a 13 percent indirect equity interest in Sempra Infrastructure Partners for approximately US$3 billion. This acquisition underscores CPP Investments’ commitment to expanding its footprint in the energy sector, particularly in natural gas and renewable energy projects.

Sempra Infrastructure is responsible for developing, owning, and operating critical energy infrastructure, including natural gas pipelines, power generation facilities, and liquefied natural gas (LNG) export terminals across the United States and Mexico. The company also manages over 1,600 megawatts of renewable energy generation and a natural gas-fired power plant.

Investment and Strategic Importance

CPP Investments is making this significant investment in collaboration with affiliates of private equity firm KKR and an existing investor in Sempra Infrastructure. In a statement, Max Biagosch, Senior Managing Director and Global Head of Real Assets at CPP Investments, emphasized the role of natural gas in the global energy transition. He noted that LNG infrastructure is vital for meeting the increasing global energy demand and supporting long-term transition objectives.

The transaction is slated to close in 2026, pending regulatory approvals and other necessary closing conditions. This investment aligns with CPP Investments’ strategy to engage in sustainable and responsible investment opportunities that contribute to long-term value creation.

Sempra’s ongoing projects play a critical role in the evolving energy landscape, particularly as countries strive to balance energy reliability with environmental sustainability. The partnership with CPP Investments will likely bolster Sempra’s capacity to meet rising energy needs while advancing its renewable energy initiatives.

As global energy dynamics shift, the collaboration between CPP Investments and Sempra Infrastructure reflects a broader trend of institutional investors seeking to align their portfolios with sustainable practices while addressing the urgent demand for energy solutions.

This report was first published by The Canadian Press on September 23, 2025.