November 16, 2016 / 3:57 PM / in 10 months

CPPIB sells 16 percent stake in unit to private investment fund

(Reuters) - Canada Pension Plan Investment Board said it has sold a 16 percent stake in its subsidiary, Antares Holdings, to a private investment fund managed by Northleaf Capital Partners.

Antares is a provider of financing solutions for mid-sized private equity-backed transactions.

“This important transaction reflects investor interest in Antares as a significant entry point into middle market private credit,” David Brackett, Co-CEO of Antares Capital said.

Reporting by Vishaka George in Bengaluru; Editing by Martina D'Couto

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