CPPIB commits C$330 mln to private equity in Canada

Thu Jan 29, 2015 10:32am EST
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TORONTO Jan 29 (Reuters) - Canada Pension Plan Investment Board (CPPIB), the country's top pension fund manager, said on Thursday it is investing a further C$330 million ($262.80 million) in Canadian private equity via investment management firm Northleaf Capital Partners.

CPPIB said the investment will be committed to a Canadian fund-of-funds program with a mandate to focus on domestic small and mid-market buyout and growth equity funds that are seeking to raise C$1 billion or less in capital commitments.

This investment is in addition to the pension fund manager's C$70 million infusion in the Northleaf Venture Catalyst Fund in 2014. Over the past decade, CPPIB has committed C$1.2 billion to Canadian private equity investments through its partnership with Northleaf.

($1=$1.26 Canadian) (Reporting by Euan Rocha; Editing by Peter Galloway)