The Canada Pension Plan Investment Board has opened an office in London “to enable greater access to investment opportunities in the United Kingdom and Europe.”

It’s the second foreign office for the $122.7 billion fund, which opened a Hong Kong bureau in February.

The new office at 33 Cavendish Square “reflects our strategy to diversify the portfolio globally, underscoring our continuing belief that there are compelling investment opportunities in the U.K. and Europe that align with our long-term investment horizon,” CPP IB CEO David Denison said in a release.

“Having a team of investment professionals on the ground will enable us to strengthen our relationships with existing partners and to facilitate the earlier identification of new investment opportunities in these markets. It will also allow us to better monitor our existing investments.”

The CPP Investment Board has $12.1 billion invested in public companies in Britain and Europe, along with $8.4 billion in private equity, infrastructure and real estate holdings.