The Canada Pension Plan Investment Board has promoted Deborah Orida as managing director, head of private equity in Asia.
Orida, who was most recently CPPIB’s head of relationship investments, will lead both direct investments and fund investments in Asia.
CPPIB’s private equity portfolio increased by 18.2 percent from 2014 to 2015, four times the growth of public investments, which stood at 4.9 percent, according to its December 2015 financial report.
Overall, its private equity investments reached C$ 58.2 billion ($ 44.4 billion, €39.8 billion) at the end of 2015.
In Asia-Pacific, CPPIB has approximately C$51.3 billion invested across direct investments, co-investments and funds. It has committed capital to Hony Capital, Kotak Mahindra Group, Multiples Alternate Asset Management and CDH Investments. Meanwhile, its assets in the region include South Korea supermarket Homeplus, toll roads in Sydney and the Postal Savings Bank of China.
In March this year, it entered into a $525 million partnership with Kotak Mahindra Group to invest in distressed assets in India.
CPPIB’s earnings released in March showed net assets of C$278.9 billion, up from last year's C$264.6 billion, which the fund attributes to overall gains inform their private equity, real estate and fixed income holdings.
Orida joined CPPIB in 2009 as part of its relationship investments group. Prior to CPPIB, she was at Goldman Sachs in New York and Toronto, advising on mergers and acquisitions and manging transactions. She was a former securities lawyer at Blake, Cassels & Graydon in Toronto.
She replaces Suyi Kim, who has recently been promoted to managing director, head of Asia. In her new role, Kim will manage the pension fund’s portfolio of Asian investments. She joined CPPIB in 2007 and established its first international office in Hong Kong. Earlier in her career, she was at Teacher’s Private Capital, the private equity group at Ontario Teachers’ Pension Plan, The Carlyle Group, McKinsey & Co. and PricewaterhouseCoopers.
Along with Orida and Kim, CPPIB has also named Alain Carrier as senior managing director, head of international. He will become a new member of the senior management team and report directly to new president and chief executive officer Mark Machin. Carrier was most recently managing director, head of Europe for CPPIB. He has more than 23 years of experience in the financial industry with a stint at Goldman Sachs’ Investment Banking Division in New York and London. He started out as a lawyer at Sullivan & Cromwell in New York.