The Canada Pension Plan Investment Board's Toronto offices. The Caisse de dépôt et placement du Québec and the CPPIB have taken part in a US$650-million equity funding round for FNZ Group.

Two major Canadian pension funds have taken part in a US$650-million equity funding round for FNZ Group, boosting their investments in the New Zealand-based software provider, which is fighting a lawsuit over the allegedly unfair dilution of minority shareholders.

FNZ announced Wednesday that it raised the new money from existing shareholders such as the Caisse de dépôt et placement du Québec, the Canada Pension Plan Investment Board, Generation Investment Management and Motive Partners.

Several of FNZ’s clients, including Scottish investment company Aberdeen Group PLC and British insurer Aviva PLC, a

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