January 29, 2015 / 3:33 PM / 3 years ago

CPPIB commits C$330 mln to private equity in Canada

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below