Canada Pension Plan Investment Board increased its private equity assets by 10 percent during Q1 of the 2019 fiscal year.
The C$366.6 billion ($279.8 billion; €247.3 billion) fund had C$76.4 billion invested in the asset class as of 30 June, up from C$69.3 billion at 31 March, according to its quarterly report. Private equity accounted for 20.9 percent of the investment portfolio, making it the third-largest asset class behind public equity and bonds.
“While we focus on strong average returns stretching well beyond five and 10 years, solid performance today cushions the fund for an inevitable future market downturn,” chief executive Mark Machin said in a statement. “We are confident that our investment strategy will continue to serve the Fund through multiple economic cycles.”
Here’s how the portfolio shapes up: