Institution: Canada Pension Plan Investment Board
Headquarters: Toronto, Canada
Allocation to alternatives: 57.5%
Canada Pension Plan Investment Board (CPPIB) approved $477.5 million worth of private equity commitments in Q1 2019, according to the pension’s latest quarterly investment report. The commitments comprised of $150 million to American Industrial Partners Capital Fund VII, $275 million to CVC Capital Partners Asia V and CA$70 million ($52.5 million) to Northleaf Venture Catalyst Fund II.
The CAD$400.6 billion Canadian public pension has a 21.0 percent target allocation to private equity that currently stands at 23.90 percent.
As illustrated in the charts below, CPPIB’s Q1 2019 private equity commitments were made up of two buyout funds (managed by American Industrial Partners and CVC) and one co-investment vehicle (managed by Northleaf).
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