CPPIB commits $330 mln Northleaf-managed funds to Canadian private equity
Canada Pension Plan Investment Board (CPPIB) has committed $330 million more to Canadian private equity funds. The money, which will be managed by CPPIB's long-standing investment partner Northleaf Capital Partners, add to the $1.2 billion the pension fund manager has committed to the domestic market since 2005. Northleaf-managed capital will target small and mid-market buyout and growth equity funds that are seeking to raise $1 billion or less. A December report by peHUB Canada estimated that Canadian private equity firms raised about $14.4 billion last year, much of which went to large-sized funds. In 2014, CPPIB also made a $70 million commitment to the Northleaf Venture Catalyst Fund.
29 January 2015•3 mins read
