PSP Investments reports $320.6 billion in assets for fiscal 2026

The organization's long-term performance remains a cornerstone of its strategy, with a 10-year net annualized return of 8.8%. Over the past decade, these investments generated $14.5 billion in gains above the Reference Portfolio. While the one-year return fell below the Reference Portfolio by 5.2% due to shifting macroeconomic conditions and currency fluctuations, leadership emphasizes that success is best measured across a full market cycle. President and CEO Deborah K. Orida noted that the portfolio is intentionally structured for resilience, balancing public and private assets to navigate global market volatility.

Operational efficiency was a primary focus throughout the year. PSP Investments reduced its operating cost ratio to 24.7 basis points, down from 27.9 basis points in 2025. This discipline, paired with a $10 billion investment within Canada, reflects the firm's ongoing commitment to its domestic mandate. Beyond its primary fund, the organization continues to manage the $15 billion Canada Growth Fund through its subsidiary, CGFIM, which has completed 18 transactions totaling approximately $5 billion to support the scaling of the national economy.