Yes. Leading up to budget 2022, as the government announced its intention to stand up the Canada growth fund, the government considered a number of ways to stand up the growth fund and a number of mechanisms, and considered other existing organizations and whether it would fit in their mandate and the capacity to administer. Given PSP's expertise and the fact that it's a large investment fund that currently manages over $225 billion, PSP was selected as the investment manager for CGF.
On April 27th, 2023. See this statement in context.