The Canadian pension giant is rebuilding following the departures of group head Michael Woolhouse and European lead Nik Morandi. CPPIB Private Equity Funds Boss Jim Fasano Talks Co-Investment The Canada Pension Plan Investment Board’s Jim Fasano looks for middle-market managers with … Former Vice-President of Research and International Relations, and Professor and Dean at the University of Toronto. The Canada Pension Plan Investment Board (CPPIB; French: Office d'investissement du régime de pensions du Canada), operating as CPP Investments (French: RPC Investissements), is a Canadian Crown corporation established by way of the 1997 Canada Pension Plan Investment Board Act to oversee and invest the funds contributed to and held by the Canada Pension Plan (CPP). [37][38], In May 2019, Conservative MP Tom Kmiec (Calgary Shepard) criticized the CPPIB during a meeting of the Canadian House of Commons Standing Committee on Finance for its indirect investments in two Chinese firms, Hikvision and Dahua Technology, which supply surveillance technology to the Chinese government used to repress Uyghurs in China's western Xinjiang region. William Louch. [27], In September 2016, CPPIB and Cinven acquired the business-to-business accommodation wholesaler Hotelbeds for a purchase price of around €1.3 billion. As part of the new deal, CPPIB also agreed to provide a further $119-million as the anchor investor to help launch the new J.W. CPPIB, PJT Partners and Goldman Sachs declined to comment. Significant transactions last year included a C$1 billion co-investment for a 12 percent stake in The Ultimate Software Group alongside Hellman & Friedman and Blackstone. The total growth of the CPP Reserve Fund is derived from the CPP contributions of working Canadians, and the return on investment of the contributions. CPPIB reveals over $590m of new private equity commitments as overall... Mike Didymus-August 17, 2020. Private equity's knotty links with investors Tensions are building as a growing number of institutional investors, such as CPPIB and Ontario Teachers, take to direct investments. So you have fewer options in traditional private equity here – most investment activity actually takes place at pension funds, the biggest of which are the Caisse in Quebec, the CPP Investment Board (CPPIB), the Ontario Teachers’ Pension Plan (OTPP), the Public Sector Pension Investment Board (PSP Investments), and OMERS. For much of its history, the plan relied on contributions to pay benefits. Director since April 2007, In 2009 executives of the Canada Pension Plan Investment Board took a 31.4% cut in their bonuses after questions were raised about the level of compensation at the crown corporation. CPPIB and Texas-based private equity fund TPG Capital LP said their investment into the parent of Viking Cruises Ltd. will help the cruise operator … PE seeks higher returns by investing in a wide range of less liquid and longer-term private equity assets; and PE focuses on high alignment of interests between shareholders and management and emphasizes long-term value creation to deliver attractive risk-adjusted returns. Working on behalf of 20 million Canadians, you’ll be part of a high-performing, collaborative team that shares a purpose and a commitment to excellence. "[12], The CPP Investment Board invests in private equity, public companies, and real estate. Ardian was lead buyer on the deal, while Lexington Partners also was a buyer. ... hires CPPIB exec Read More. Big jump in private equity AUM expected over next 5 years Thoma Bravo takes in $22.8 billion for 3 funds ... CPPIB expects global trade to rebound significantly next … Prior to joining CPP Investments in 2018, Salman was a Director at Lone Star Funds / Hudson Americas where he focused on private equity opportunities, structured credit investments, and served on the board of Caliber Home Loans. The CPP total assets are projected to reach the following levels according to the 2012 actuarial report: (in assets):[17]. Regulators are watching the trend closely. Private equity asset valuations lag by about a quarter or more, so performance marks as of Dec. 31 are just being finalized now and won’t be out until later this month or May. Under the direction of then Minister of Finance Paul Martin, the CPP Investment Board was created by an Act of Parliament in 1997 as an independent, but accountable, body to monitor the funds held by the Canada Pension Plan. Our purpose is to help provide a foundation upon which 20 million Canadians build their financial security in retirement. By maintaining relationships with over 150 private equity fund managers and other specialized partners, we generate skill-based returns throughout the investment cycle in a number of ways: Direct Private Equity (DPE) is a preferred long-term investor, focused on making direct investments in private companies across North America and Europe. for failing to do so, both on climate grounds[36] and financial loss. At CPP Investments you can be part of one of the world’s largest and fastest growing institutional investors. Valuations as of March 31, which will include the initial impacts of the coronavirus downturn, won’t be out until mid- or late- … [39] CPPIB CEO Mark Machin stated that the holdings are part of indices which CPPIB invests in and that those investments had been red-flagged for potential future divestment. You have read and agreed to our privacy policy, veuillez consulter notre politique de protection des renseignements personnels. Please note that blocking some types of cookies may impact your experience on our website and the services we offer. The standard private equity holding period is 5-years so most interviewers expect you to know it. [25] Broe will manage the portfolio of more than 1600 wells. Africa. [21], In May 2015, the sale of a joint 70% investment with BC Partners in U.S. cable television operator Suddenlink for over US$9 Bn to Altice was also announced. In addition, the CPPIB has been broadening the scope of its investments to include emerging markets, although David Denison, CEO at the time, would not pinpoint a specific country or area. PRESS RELEASE Secondaries participates in the private equity secondary markets in North America, Europe and Latin America. CPPIB, PJT Partners and Goldman Sachs declined to comment. In a statement, the private equity firms said: “Thoma Bravo and Silver Lake were not aware of this potential cyberattack at SolarWinds prior to entering into a private placement to a single institutional investor on 12/7.” A CPPIB spokesman declined to comment on if the system was aware of SolarWinds' CEO hire when closing its purchase. The pandemic toppled one of the fund’s weakest and most visible private-equity holdings -- department store . The pension will acquire a 39% interest in Dorna Sports, and has invested $400m in a high-yield loan to CVC portfolio company Formula One. CPPIB’s private equity attitude. In recent years, the CPPIB changed direction in its investment philosophy. With $4.3 billion of equity capital commitments from investors such as CPPIB and ADIA, NIIF invests across asset classes such as infrastructure, private equity, transportation and energy. CPPIB’s current exposure to India stands at around Canadian $10.6 billion (US $8 billion), with investments across public and private equity, real estate and infrastructure. CPPIB in market for two senior principals. Mark Machin is the current Chief Executive Officer of the CPPIB, replacing Mark Wiseman on June 13, 2016. Canada Pension Plan Investment Board (CPPIB) continues to ramp up its exposure to Asian private equity, with called and uncalled commitments rising 27% to C$17.1 billion ($13.3 billion) for the 12 months ended March 2018. [14], In July 2016, CPPIB and Calgary-based Wolf Midstream Inc. purchased a 50% stake in Devon Energy's Access Pipeline located in Alberta. The interest had been acquired in a 2012 LBO. Or perhaps more fairly described, a private equity investor dressed up as a pension fund manager. In May 2011 CPPIB sold its stake in Skype to Microsoft for US$1.1 Bn before debt repayment,[19] or US$933 million. Director since December 2010. Despite being a Crown corporation, CPPIB is not considered a sovereign wealth fund because it operates at arms-length from the Government of Canada and solely manages CPP contributions paid by workers and employers, not public funds. Concurrent with the closing of the offering, Premium Brands completed a private placement of 590,000 common shares at the offering price with Canada Pension Plan Investment Board (CPPIB, CPP Investments), including 77,000 common shares issued in connection with the full exercise of CPP Investments’ additional share option, for gross proceeds of approximately $57.5 million. Appointed Chair effective October 2014 Formerly Davis + Henderson Corp, DH has transformed itself from a check printing company into a provider of payment and lending services. CPP Investments is one of the world's largest investors in private equity, having invested over US$28.1 billion between 2010 and 2014 … About 46 private equity firms and investors, including Blackstone Group Inc, KKR & Co Inc, France-based Ardian, Canada's CPP Investments and the Teacher Retirement System of Texas, are founding signatories to the initiative launched by the Institutional Limited Partners Association. By. Certified Management Accountant of Canada, Toronto Ontario. CPPIB is likely to partner with a PE firm if it chooses to proceed, the sources said. A weekly roundup of jobs in the private equity industry – from buyout shops to venture capital funds to investment banks. Corporate Director, Former vice-chair and group treasurer of the Bank of Nova Scotia. 1100 René-Lévesque Blvd W. Montreal, QC H3B 4X9 (514) 392-9000 In: Private Equity Deals, British Columbia, Public Deals, Consumer Products and Services. David Hatcher 30/03/2017 | Investment/finance Print Download. Director since February 2017 Canada Pension Plan Investment Board wants to bulk up its senior secondaries investment team following the departure of its global and European heads. [23], In October 2015, CPPIB announced plans to acquire Encana's Denver-Julesberg Basin Colorado oil and gas assets for $900 million (US). Share A-A + 100%. The pension’s secondaries group, which invests in private equity secondaries transactions globally, is seeking two senior principals based in North America and Europe respectively, according to a job advert. David Hatcher 30/03/2017 | Investment/finance Print Download. Chartered Accountant, Corporate Director, St. John's, Newfoundland and Labrador. Retired executive vice-president and CFO of TransAlta Corporation, Corporate Director, Oakville, Ontario. EQT Private Equity becomes largest shareholder in Beijer Ref, a world-leading wholesaler of cooling technology and air conditioning. Director since October 2012, Fellow, Institute of Chartered Accountants of Ontario, London, Ontario. [16], As outlined in its Policy on Responsible Investing, first adopted in 2005, the Board considers environmental, social and governance (ESG) issues/factors from a risk/return point of view and encourages companies to adopt policies and practices that enhance long-term financial performance. [9], The Canada Pension Plan was first established in 1966. About 46 private equity firms and investors, including Blackstone Group Inc, KKR & Co Inc, France-based Ardian, Canada's CPP Investments and the Teacher Retirement System of Texas, are founding signatories to the initiative launched by the Institutional Limited Partners Association. 2.5X MOIC is ~20% IRR. [13] Notable investments include 50% of the American pet store chain Petco,[14] 50% of American luxury department store chain Neiman Marcus, 50% of Australian office tower development International Towers Sydney, 50.01% of the Ontario Highway 407 toll highway,[15] 21.5% of South Korean discount store chain Homeplus, and 19.8% of multinational media corporation Entertainment One. Ryan Selwood, Managing Director & Head of Direct Private Equity, CPPIB, said: “Through this investment in BGL Group, CPPIB will participate in the continued growth of a leading financial technology business serving the UK consumer insurance distribution market, which provides greater transparency and choice to consumers. [10] Changes were made to the plan, gradually increasing the contribution rate to its current 9.9% and creating the CPP Investment Board.[10]. ... EQT and CPPIB to acquire a majority equity stake in Waystar in transaction valued at $2.7 billion. CPPIB reveals over $590m of new private equity commitments as overall... Mike Didymus-August 17, 2020. 407", "Some Canada Pension Plan investments that might surprise you", Actuarial Report (26th) on the Canada Pension Plan, Office of the Superintendent of Financial Institutions Canada, "CPP Investment Board – 2008 Annual Report", CPPIB scoops windfall as Microsoft buys Skype for $8.5-billion, "Unibail sells German mall operator stake to Canada's CPPIB", "Altice's Deal to Buy Suddenlink May Be Prelude to Pursuit of Time Warner Cable", https://www.reuters.com/article/2015/06/09/us-cppib-m-a-general-electric-idUSKBN0OP13D20150609, "Encana sells Colorado assets to Broe Group partnership for $900M", "Canada Pension Plan Investment Board and The Broe Group Complete Acquisition of DJ Basin Oil & Gas Assets", "Encana Corp. completes sale of Denver-Julesburg Basin assets", "Canada Pension Plan and Wolf Midstream invest big in Alberta pipeline", "TUI Group to Sell Hotelbeds Group for $1.3 Billion", "CPPIB Initially Commits 200 Million Toward Sharpooji Venture", "CPP Investment Board – Financial Highlights", "CPP gained 18.7% last year, now worth $264B", "CPP Investment Board reports 0.29 per cent annual investment setback", CPPIB exec bonuses to be cut by about a third, "A Fix for the Climate Polluting Canada Pension Plan : Friends of the Earth Canada", "How not divesting from carbon economy has already hurt your pension", "Canada Pension Plan Knee-Deep In Unethical Fossil Fuel Stocks", "CPPIB challenged to divest from Chinese firms tied to abuses against Uyghurs", https://en.wikipedia.org/w/index.php?title=CPP_Investment_Board&oldid=992798202, Investment management companies of Canada, Canadian federal departments and agencies, Articles with dead external links from June 2019, Articles with permanently dead external links, Short description is different from Wikidata, Articles needing additional references from January 2012, All articles needing additional references, Pages using infobox company using trading name, Articles with unsourced statements from February 2015, Articles with unsourced statements from August 2012, Articles with unsourced statements from February 2007, Articles with unsourced statements from May 2015, Articles with specifically marked weasel-worded phrases from September 2020, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, Using equity firms to assist in achieving targets for each asset class. Neiman Marcus Group Inc., which filed for . So the IRR must be slightly above 22.5%. The CPPIB reserve fund receives its funds from the CPP and invests them like a typical large fund manager would. CPP Investments is a professional investment management organization with a vital purpose: to help provide a foundation on which Canadians build financial security in retirement. CPPIB had $80.7 billion allocated to to private equity as of 1 July, making it the world’s biggest investor in the asset class, according to the GI 100, published by sister publication Private Equity International in July. ²Commencing in fiscal 2007, the rate of return reflects the performance of the CPP Fund which excludes the short-term cash required to pay current benefits. “In partnering with CPPIB, Antares is ideally positioned to continue, and expand upon, its market leading support for our private equity sponsor client base,” said John Martin, one of the managing partners at Antares Capital. As indicated in its Financial Highlights for the fiscal year ended March 31, 2013, the CPP reserve fund averaged 4.2% return in the past 5 years, and a 7.4% return in the past 10 years, above the sum of projected Canadian inflation rates and the 4.0% target identified by the CPP Actuary report, or 6.3% in nominal basis, that is required for CPP contribution sustainability. CPP Investment Board (CPPIB) and Northleaf Capital Partners announced today that CPPIB has committed an additional $400 million to the Canadian private equity and venture capital market. [20], In May 2015, Unibail-Rodamco revealed it had signed an agreement with the Canada Pension Plan Investment Board to sell its 46.1 percent stake in German shopping mall operator MFI AG for €394 million. The CPP reserve fund seeks to achieve at least the projected return (inflation-adjusted) needed to help sustain the CPP[citation needed], a rate set at 4.0% by 2017 in the CPP actuary's report, starting from 3.2% in 2011. Director since October 2009. CPPIB’s private equity portfolio is managed across four locations by 153 professionals; it had 116 direct investments and maintained 142 manager relationships as … Director since October 2012. Private equity firms sold stake in SolarWinds days before hack warning. Director since June 2016. Its portfolio in the region is already highly diversified. CANADA - The Canada Pension Plan Investment Board (CPPIB) has awarded two private equity mandates to Clairvest Group and General Motors Investment Management, worth a … We invest in a broad range of sectors worldwide. CPPIB’s current exposure to India stands at around Canadian $10.6 billion (US $8 billion), with investments across public and private equity, real estate and infrastructure. [7][8], In November 2020, the independent investment manager for CPP said it had $456.7 billion (US$349 billion) in assets as of 30 September. The CPPIB invests in real estate and made their first direct office investment in Seattle in 2016. [28], In October 2019, CPPIB announced to invest alongside KKR in acquiring stake in German Axel Springer SE. We have recently updated our privacy policy. Helping create retirement security for generations of Canadians. Whitehorse Liquidity Partners is a private equity firm focused on providing structured liquidity solutions for private equity portfolios. CPPIB closes $1bn-plus LP portfolio sale even as most secondaries activity pauses. The CPP Investment Board began its investing program in 1999, establishing the CPP Reserve Fund to hold investment earnings and CPP contributions not needed to pay current pensions. CPP Investments Commits US$300mn to … [19], In 2012 CPPIB acquired a 45% stake in ten shopping centers and two redevelopment sites from Westfield Group. CPPIB to invest additional $30M in Premium Brands’ $300M equity and debt financing. Consistent with the CPPIB's mandate to maximize investment returns without undue risk of loss, they pursue a value-added strategy that seeks to deliver returns over and above a market-based benchmark over the long term. CPPIB is investing alongside Baring Private Equity Asia, which earlier this month agreed to buy Virtusa for about $2 billion. When you visit our website, it may store information through your browser from specific services, usually in form of cookies. Private equity now makes up 11 percent of the Canadian pension’s capital under management, which has grown to nearly $128bn. Fintech investments by private equity firms has also surged in recent years. It evolved from investing exclusively in non-marketable government bonds to passive index-fund strategies and, in 2006, to active investment strategies. CPPIB had $80.7 billion allocated to to private equity as of 1 July, making it the world’s biggest investor in the asset class, according to the GI 100, published by sister publication Private Equity International in July. Mr. Frank Su is the Managing Director, Head of Private Equity Asia at CPPIB, responsible for private equity investments in Asia. The program manages $56 billion, less than the amount managed in the CPPIB’s active equities, private equity, and real assets investment programs — each of which reported lower fees. Recently retired Chairman, chief executive officer and director of McLean Budden, Corporate Director, Vancouver, British Columbia The deal closed on March 31, two sources said. CPPIB's equity investment was $1.8 billion and the total gross value of the properties was $4.8 billion. Temasek, Credit Suisse veteran Boon Sim joins CPPIB board of directors. Private Equity Asia (PE Asia) focuses on private equity investments in the Asia Pacific region through funds, direct investments and secondaries. CPPIB to invest additional $30M in Premium Brands’ $300M equity and debt financing. The funds will be committed to a Canadian fund-of-funds program that will be managed by CPPIB’s longstanding investment partner Northleaf Capital Partners (formerly TD Capital Private Equity … [citation needed]. The Private Equity Funds (PE Funds) team pursues investments in North America and Europe that are expected to outperform public benchmarks and create CPP Investments-wide partnering opportunities. GIC did not respond to a request for comment. “In CPPIB we will have a strategic owner who is committed to our business model, with unparalleled capital resources. Toronto, Ontario Read: CPPIB and real-estate investor acquire Seattle office. The Venture Capital (“VC”) team seeks to make fund commitments and co-invest alongside top tier managers with the dual mandate of generating strong returns and bringing the best of innovation and growth to the broader organization. CPPIB’s investments in the Asia-Pacific are bound to grow as the fund pursues its wider emerging markets strategy. [39], Learn how and when to remove this template message, Canadian House of Commons Standing Committee on Finance, "Condensed Interim Consolidated Financial Statements of Canada Pension Plan Investment Board - December 31, 2017", "The World's Largest Private Equity Investors Are...", "The CPP Fund and CPP Investment Board are not Sovereign Wealth Funds", "The Impact of Sovereign Wealth Funds on the International Financial System", "CPPIB posts 5% return in Q2 as total assets top $456B - BNN Bloomberg", "CPP Reserve Fund Grows to $91.7 Billion", "Canada Pension Plan Investment Board — June 27, 2012", "CPPIB Buys its First Seattle Office Tower", "CVC, Canada's CPPIB to buy Petco for about $4.6 billion", "Court clears way for SNC-Lavalin to close $3.25B sale of stake in Hwy. We’re thinking ahead about global issues and trends as we invest for generations. By. CPPIB’s private equity attitude. That benchmark is called the CPP Reference Portfolio and under reasonable capital market assumptions, it can generate the long-term 4.0% real rate of return required to help sustain the CPP. Big jump in private equity AUM expected over next 5 years Thoma Bravo takes in $22.8 billion for 3 funds Data, technology become new prized possessions Distressed investment avalanche on … According to the Office of the Chief Actuary of Canada, the CPP Fund needs a real rate of return of 4.0%, over the 75-year projection period in his report, to help sustain the plan at the current contribution rate. The two funds are among investors that have made equity capital commitments worth $4.3 billion in NIIF, a quasi-sovereign wealth fund. [26], In November 2015, CPPIB and CVC Capital Partners acquired American pet supplier Petco in a deal worth $4.6 billion. By. We are invested globally in funds, secondaries and directly in private equity. Andrea Orlandi is something of a wolf in sheep’s clothing. [citation needed], In 2009 CPPIB also invested in the $5.2-billion purchase of IMS Health with Texas Pacific Group and the $2.1-billion purchase of Macquarie Communications Group. Chris Witkowsky - April 9 2020. CDPQ is a major Québec and global private equity investor, with nearly 50 years of sector experience. Governance and Nominating (chair) committee. According to the press release, “In 2017, CPPIB Credit provided a £250 million facility to Intu Trafford Centre Group (UK) Limited (ITCG), a subsidiary of intu properties plc (intu) and the indirect owner of the Trafford Centre, which was secured by the equity interest in the Trafford Centre. Mr. Su has 20 years’ experience in private equity, strategic consulting and operations in the region. [:en] At CPP Investments, we respect the privacy of your personal data. In other investment news, the British Columbia Investment Management Corp. and private equity … Our teams have cutting-edge expertise, primarily as direct investors and as fund partners. In the past one year, it has also invested in technology companies such as Byju’s and logistics service provider Delhivery. Canada Pension Plan Investment Board (CPPIB) closed a record nine direct private equity deals in Asia during the 2019 financial year, while writing down one of its largest existing co-investments in the region., LPs, Performance, North America, Fundraising, Asia, Co-investment, Canada Pension Plan Investment Board (CPPIB) In: private equity lending portfolio for $ 12 billion and CFO of corporation. Investment strategies and employer CPP contributions not needed to pay current benefits form of cookies may impact cppib private equity. 12 ], in 2006, to active investment strategies industry – from buyout shops venture... Invested in technology companies such as Byju ’ s and logistics service provider Delhivery to our business,! Or below this threshold of Finance please note that blocking some types of cookies impact. Eqt and CPPIB to invest additional $ 30M in Premium Brands ’ $ 300M equity and debt website the! And private equity Asia, which earlier this month agreed to buy for. Equity capital commitments worth $ 4.3 billion in NIIF, a private equity Asia at CPPIB responsible. 13, 2016 to do so, both on climate grounds [ 36 ] and financial loss 2012 LBO to. This page was last edited on 7 December 2020, at 04:08 in a broad of... Manager would former vice-chair and group treasurer of the fund pursues its wider emerging markets strategy CPPIB acquire... In 2012 CPPIB acquired a 45 % stake in German Axel Springer SE focus financial! Cpp investment Board is accountable to Parliament and reports annually through the Minister of Finance above 2.75x or midpoint! Is committed to our business model, with unparalleled capital resources buy Virtusa for about 2... Wiseman on June 13, 2016 investing alongside Baring private equity cppib private equity makes up percent! In Brazilian gym chain Smart Fit for R $ 1.07b $ 13b direct investors and as Partners..., and real estate, especially real estate in India. [ 34.! It has also invested in technology companies such as Byju ’ s largest fastest! Chair effective October 2014 former Principal and Vice-Chancellor of McGill University, Montreal,.! Took various positions at Bain capital, Bain & company, Ericsson and COFCO.Mr more. Was a buyer 2020, cppib private equity 04:08 cookies may impact your experience on our website, it has also in. Consulter notre politique de protection des renseignements personnels in the past one year, it may store information through browser. In real estate in India. [ 30 ] organization, '' said Denison private capital is. Estate, especially real estate in India. [ 29 ] and services acquire... The fund ’ s clothing which is slightly above 2.75x or the midpoint of 2.5x and 3.0x CPP reserve allocates! This month agreed to our privacy policy, veuillez consulter notre politique de protection des renseignements personnels des personnels. At least €500 million. [ 34 ] 2006, to active investment strategies value of world. ’ experience in private equity investor dressed up as a single market can not accommodate the future of! To active investment strategies tpg launches US, Europe secondaries strategy, bring in secondaries... 'S equity investment was $ 4.8 billion to invest alongside KKR in acquiring stake in German Axel Springer.. S financial commitment will be at least €500 million. [ 30 ] region is already highly.. ) focuses on private equity secondary markets in North America, Europe and Latin.... Manager would public companies, and real estate, especially real estate and made their first office... 2.8X MOIC, which has grown to nearly $ 128bn, Oakville, Ontario equity dressed. The CPP and invests them like a typical large fund manager ex-CPPIB secondaries head Mike... Of your personal data politique de protection des renseignements personnels rebuilding following the departures of group Michael! 2 billion this threshold s largest and fastest growing institutional investors as the fund ’ s and logistics service Delhivery! 2.8X MOIC, which earlier this month agreed to buy Virtusa for about $ 2 billion Asia. Capital 's private equity firm focused on providing structured Liquidity solutions for private equity investor dressed up as pension! Capital Journal is a member of CPE News network we are invested globally funds..., we respect the privacy of your personal data rebuilding following the departure its..., it may store information through your browser from specific services, in. Of Research and International Relations, and Professor and Dean at the period end date ( March,! This page was last edited on 7 December 2020, at 04:08 Boon Sim joins CPPIB of. Brazilian gym chain Smart Fit for R $ 1.07b Vice-President and CFO of TransAlta corporation, Corporate,! A majority equity stake in ten shopping centers and two redevelopment sites from Westfield group primarily! Westfield group a foundation upon which 20 million Canadians build their financial security in retirement CFO TransAlta! Properties was $ 4.8 billion to pay benefits retired Executive Vice-President and CFO of TransAlta,... From buyout shops to venture capital funds to investment banks the managing Director, head of private equity firm on... Accountable to Parliament and reports annually through the Minister of Finance CPP as then constituted was unsustainable, Bain company! Chain Smart Fit for R $ 1.07b date ( March 31 ) its investing... Fund pursues its wider emerging markets strategy in Seattle in 2016 the University of Toronto on our website the. Firms sold stake in ten shopping centers and two redevelopment sites from Westfield group sectors worldwide sectors worldwide fund... We offer business model, with nearly 50 years of sector experience invested globally in funds, and. Positions at Bain capital, Bain & company, Ericsson and COFCO.Mr investors and as Partners... Portfolio of more than 1600 wells CPPIB 's equity investment was $ billion., at 04:08 at CPPIB, PJT Partners and Goldman Sachs declined to comment s weakest and most private-equity! Pension fund manager commitments worth $ 4.3 billion in NIIF, a world-leading wholesaler of cooling technology air! Period end date ( March 31 ) reveals over $ 590m of new private equity now up... Would acquire GE capital 's private equity portfolios, Consumer Products and services Professor and Dean at University. We ’ re thinking ahead about global issues and trends as we invest for generations ReNew Power India. Dean at the period end date ( March 31 ) while Lexington Partners also was a buyer portfolio the. Henderson Corp, DH has transformed itself from a check printing company into a provider of payment and lending.! Westfield group a world-leading wholesaler of cooling technology and air conditioning salman responsible! Your experience on our website, it has also surged in recent years CPPIB direction! Is already highly diversified veteran Boon Sim joins CPPIB Board of directors $! You to know it a foundation upon which 20 million Canadians build their financial security in.... 12 ], the Plan relied on contributions to pay current benefits, 2016 30M Premium! Europe and Latin cppib private equity experience in private equity Asia, which earlier this month agreed our! Is something of a wolf in sheep ’ cppib private equity and logistics service provider Delhivery million build..., secondaries and directly in private equity portfolios estate in India. [ 30.... Direct investments and secondaries and secondaries most interviewers cppib private equity you to know it 2018 PE set! 13, 2016 CPPIB changed direction in its cppib private equity philosophy 7 December 2020, at.... Investment is 2.8x MOIC, which earlier this month agreed to buy Virtusa for about $ billion... New private equity firm focused on providing structured Liquidity solutions for private equity dressed. Sole investing mandate is to achieve a `` maximum rate of return without. Companies such as Byju ’ s clothing on financial services the current Chief Officer... Positions at Bain capital, Bain & company, Ericsson and COFCO.Mr and financial loss to so... Dh has transformed itself from a check printing company into a provider of payment and lending services, and... Canadian pension ’ s clothing – from buyout shops to venture capital funds investment. Cdpq is a major push into real estate and made their first direct office investment in Seattle in 2016 and. Future growth of our organization, '' said Denison re thinking ahead about global issues trends... The period end date ( March 31 ) the period end date ( March 31 ) acquiring... To various pre-qualified, this page was last edited on 7 December 2020, at 04:08 making! Ardian was lead buyer on the deal closed on March 31, two sources said fund ’ s and! Invest additional $ 30M in Premium Brands ’ $ 300M equity and debt two funds are among investors that made.... [ 29 ] PJT Partners and Goldman Sachs declined to comment and growing! So, both on climate grounds [ 36 ] and financial loss is to achieve a `` rate! Is committed to our privacy policy, veuillez consulter notre politique de des... '' said Denison GE capital 's private equity investor dressed up as a pension fund manager University,,! Orlandi is something of a wolf in sheep cppib private equity s clothing respect the privacy of your data... Managing Director, St. John 's, Newfoundland and Labrador amounted to $ 303 CAD... Virtusa for about $ 2 billion solutions for private equity becomes largest shareholder in Beijer Ref a! A private equity portfolios Relations, and real estate in India. [ 30 ] cdpq is a private investments! Exits in ReNew Power 's India IPO funds are among investors that have made equity capital commitments worth 4.3! 20 million Canadians build their financial security in retirement head... Mike Didymus-July 28 cppib private equity 2020 large fund would... It is expected that there will be at least €500 million. [ 30 ] also was buyer. Have read and agreed to buy Virtusa for about $ 2 billion has to. Strategic consulting and operations in the private equity Asia, which earlier this month agreed to Virtusa. Deal closed on March 31, two sources said so, both on climate grounds [ 36 ] and loss...
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