# Canada Post Defined Benefit Pension Plan

Canada Post Defined Benefit Pension Plan is a Pension Fund based in Ottawa, Canada.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Ottawa, Canada
- **Region:** North America
- **Founded:** 2000
- **Assets under management:** Undisclosed
- **Website:** https://www.cpcpension.com

## Regulatory record

- **Reports private funds:** No

## About

The Canada Post Defined Benefit Pension Plan operates as a corporate defined benefit vehicle. Michael A. Butera holds the role of Vice President and Chief Investment Officer. No founding year appears in available records. The plan allocates across equity, private equity, infrastructure and fixed income. Confirmed holdings include a sustainable commercial real estate portfolio in Canada and renewable energy and energy storage investments with global reach. It also maintains positions in green and sustainability-linked bonds. Public equity holdings include Microsoft, Apple, NVIDIA and Alphabet as of recent 13F filings. Geographic exposure spans Canada and international markets. The plan reports 10 public equity positions and three dedicated asset programs. It maintains memberships in the Principles for Responsible Investment and the Responsible Investment Association. André Hudon serves as Chair of the Board. April 2025: Participated as panelist at the CFA Toronto 19th Annual Pensions Conference. The plan maintains a Sustainability Action Fund established in 2021 for employee-led climate projects. Service providers include RBC Royal Bank of Canada as custodian and BlackRock as investment manager.

## Sectors

- Infrastructure
- Private Equity
- Sustainable Investing

## People

- Michael A. Butera — Vice President, Pension Fund and Chief Investment Officer
- Kitty Fong — General Manager, Private Equity
- Debra Granatstein — General Manager, Private Equity and Infrastructure Investments
- André Hudon — Chair of the Board of Directors

## Questions

### Who runs investment decisions at Canada Post Defined Benefit Pension Plan?

Michael A. Butera serves as Vice President, Pension Fund and Chief Investment Officer. Kitty Fong and Debra Granatstein manage private equity and infrastructure programs.

### Does Canada Post Defined Benefit Pension Plan participate in fund commitments or only direct deals?

The plan runs dedicated private equity and infrastructure investment programs. It also holds direct positions in operating businesses such as Stonebridge Financial.

### What asset classes does Canada Post Defined Benefit Pension Plan target?

The plan allocates to public equities, private equity, infrastructure, sustainable real estate and green bonds. Holdings include Microsoft, Apple and a 1.5 billion CAD commercial real estate portfolio.

### Where does Canada Post Defined Benefit Pension Plan maintain geographic exposure?

Exposure centers on Canada for real estate and extends globally for renewable energy, infrastructure and public equities.

### How is Canada Post Defined Benefit Pension Plan related to external service providers?

RBC Royal Bank of Canada acts as custodian. BlackRock provides investment management services. Canada Life serves as pension administrator.

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Last updated: 2026-06-03T20:00:00.000Z

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