Institution: Canada Pension Plan Investment Board
Headquarters: Toronto, Canada
AUM: CA$541.5 billion ($432 billion; €377 billion)
Allocation to alternatives: 61.6%
CPP Investments has committed more than $1.6 billion in capital across six private equity funds, according to a press release from the Canadian public pension fund.
These commitments are comprised of:
- $200m to Clearlake Capital Partners VII
- $325m to Anchor Equity Partners Fund IV
- $600m to Baring Asia Private Equity Fund VIII
- $350m to Carlyle Partners VIII
- $100m to Kainos Partners III
- $57m (€50m) to Summa Equity Fund III
Clearlake Capital Group launched CCP VII in August 2021, and has raised its target size of $10 billion. The fund will invest across North America, primarily in the industrial and TMT sectors.
Anchor Equity Partners‘ fourth series buyout vehicle launched in July 2021, seeking $1.6 billion in investor capital. It has Mercury Capital Advisors on its books as a placement agent.
Baring Private Equity Asia held a final close for Baring Asia Private Equity Fund VIII in October 2021, having reached its target size of $8.5 billion.
The Carlyle Group launched Carlyle Partners VIII in April 2021. The fund is the joint-largest private equity fund in market, alongside Thoma Bravo XV, with both vehicles seeking $22 billion in investor capital.
Kainos Capital launched its third fund in April 2021, which will invest across North America in the consumer goods sector.
Nordic-based private equity manager Summa Equity launched its third fund in October 2021, which held a first close having attracted $240.6 million in investor capital.
With a target of 21 percent, CPP Investments allocates 26.1 percent of its total investment portfolio to private equity, which encompasses $141.3 billion in value.
As illustrated below, CPP Investments’ recent private equity commitments have tended to focus on global buyout vehicles that invest across a variety of sectors.
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