CPP Investments, Canada’s pension fund manager, forms a partnership with BlueCove Investment to invest in hotels in South Korea, according to reports. The venture is structured so that CPP Investments holds a 95% stake, with BlueCove Investment holding the remaining interest. The partnership focuses on acquiring and investing in hotel assets in the Korean market, though the specific properties, investment size, and timeline are not detailed in the provided summaries. Both outlets describe the arrangement as a direct vehicle for CPP Investments to deploy capital into the hospitality sector in South Korea through a local or specialized partner. The reporting is limited to the existence of the partnership and the ownership split, and does not include information on financial terms beyond the equity percentages, governance details, or expected returns.