CPPIB approves $695m in commitments

The Canadian public pension has backed two private equity funds.

Institution: Canada Pension Plan Investment Board
Headquarters: Toronto, Canada
AUM: C$434.40 billion
Allocation to alternatives: 46.90%

Canada Pension Plan Investment Board has agreed to commit €500 million to CVC Capital Partners VIII and $100 million to ICONIQ Strategic Partners V, according to pension’s second quarter 2020 report.

The C$434.40 billion Canadian public pension has a 21.0 percent target allocation to private equity that currently stands at 24.30 percent.

As illustrated below, the pension fund’s recent commitments are to funds focused on the technology, consumer goods, health care, financial services and manufacturing sectors within the Asia-Pacific, North America and Europe regions.

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