Data, analysis and discussion in this CLMPC report is organized in the following manner:

• Section II provides a general summary of the outlooks of Canadian business and labour constituencies that are the institutional members of the CLMPC. This overview focuses on constituency views of pension investment from an economic change perspective.
• Section III considers the practice of investing and managing Canadian pension assets. Attention is paid to the growth of pension funds, pension governance processes and structures, historical and current investment patterns and the relationship of these to the economy.
• Section IV provides a general introduction to four capital markets relevant to financing investment in Canadian economic change and restructuring and to which pension funds have some connection.
• Section V examines the role of pension funds in the Canadian venture capital market.
• Section VI examines the role of pension funds in the Canadian middle market.
• Section VII examines the role of pension funds in Canadian public securities exchanges with specific reference to investment in small-cap stocks.
• Section VIII examines the role of pension funds in Canadian real estate markets and infrastructure investment.
• Section IX provides the background to the CLMPC-PIAC survey and its findings. This section discusses the character and extent of pension barriers to investment in private capital markets as well as some alternative policies and strategies for overcoming them, drawn from Canadian and international sources.
• Section X provides a summary of the CLMPC’s Patience, Prudence and Jobs, along with some suggestions for future work on this topic.

Also enclosed are illustrative figures, a glossary of financial and other terms used in this document, a list of most commonly-cited acronyms and a selected bibliography. An Appendix includes a list of key Canadian pension trustees and money managers, capital market analysts and practitioners, business, labour, government and non-governmental organizations who were interviewed or consulted by the CLMPC for this project. These persons made very substantial contributions to data and insights over the past year and some months.