SOFAZ explores new investment opportunities with global investors in Canada

Executive Director of the State Oil Fund of Azerbaijan (SOFAZ) Israfil Mammadov attended the Canada Investment Summit 2026 in Toronto on September 14-15 as part of a business visit to Canada and held a series of meetings with heads of leading institutional investors.

According to Report, citing SOFAZ, the summit was hosted by Canadian Prime Minister Mark Carney in partnership with organizations including the Canada Pension Plan Investment Board (CPP Investments) and the Public Sector Pension Investment Board (PSP Investments).

The event brought together global investors, executives of Canadian companies and public-sector representatives to discuss mobilizing long-term capital, promoting new investment opportunities, increasing investment in productive assets, and strengthening economic growth and resilience.

During the visit, Mammadov met heads of leading Canadian institutional investors, including Elizabeth Wademan, President and CEO of the Canada Development Investment Corporation (CDEV); John Graham, President and CEO of CPP Investments; Patrick Charbonneau, Chief Investment Officer of PSP Investments; and Yannick Beaudoin, President and CEO of the Canada Development Fund.

The meetings covered Canada's investment environment, emerging investment trends in global markets, attracting public and private capital to strategic projects, and investment prospects in energy transition and infrastructure.

Mammadov also held meetings with government officials, including Ontario Premier Doug Ford and Ontario Finance Minister Peter Bethlenfalvy. The sides exchanged views on the province's investment environment, priority economic sectors and opportunities available to international investors.

During a meeting with Indonesia's Coordinating Minister for Economic Affairs Airlangga Hartarto, the sides discussed prospects for developing economic and investment relations between the two countries, as well as cooperation opportunities in areas of mutual interest.

Mammadov also met Frank McKenna, Chairman of the Board of Brookfield and Deputy Chair of Toronto-Dominion Bank, as well as Brookfield CEO Bruce Flatt.

The meetings covered the investment environment in global private markets, capital allocation to real assets and long-term investment opportunities, particularly in infrastructure and energy.

The sides also exchanged views on the impact of digitalization and rising energy demand on global investment markets, the further development of existing cooperation between SOFAZ and Brookfield, and the exploration of new joint investment opportunities.

Meetings with Japan's Government Pension Investment Fund (GPIF) and Malaysia's Employees Provident Fund (EPF/KWSP) focused on the outlook for global financial markets, portfolio diversification and the investment strategies of major institutional investors.