CPP Investments related stories
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Lightyear Capital raises $613.5m for third fundThe New York-based firm apparently raised its target for the fund in February, shortly after receiving a $40m commitment from the New Mexico State Investment Council.
- Apax seals its second biggest US deal
The purchase of medical device company Kinetic Concepts is Apax Partners' second biggest US buyout to date, and takes the value of its North American deals this year past $9bn.
- CPPIB consortium in $3.2bn Norwegian gas deal
Together with Allianz Capital Partners and Abu Dhabi Investment Authority, the Canadian pension plan has agreed to acquire a 24.1% stake in Gassled, a gas transportation business.
- CPPIB's private equity portfolio soars 40%
Year end results show the Canada Pension Plan’s private equity portfolio increased in value from C$16.1bn to C$22.7bn, helping the pension’s total assets reach a record C$148.2bn.
- Senior CPPIB executive to step down
John Breen, head of funds and secondaries at CPPIB, also serves as vice chair at ILPA. It's unclear whether he will leave ILPA, which would be a 'huge loss', says ILPA executive director Kathy Jeramaz-Larson.
- Terra Firma ups aircraft investment to $1.2bn
A consortium of investors led by Terra Firma and CPPIB will invest up to $729mn of additional capital in AWAS, an aircraft leasing company Terra Firma originally purchased in 2006.
- FountainVest in $92m PIPE deal
The Hong Kong-based firm will invest up to HK$720m for a minority stake in die-casting machine manufacturer L.K. Technology.
- ING A$2.5 billion industrial fund to be sold to Goodman consortium
ING Real Estate Investment Management has agreed the sale of its A$2.5 billion Australian Securities Exchange-listed industrial fund to a consortium of buyers led by Sydney-based Goodman Group. The sale is the latest in a string of real estate offloads by Dutch parent company ING.
- CPPIB makes first investment in DC
The pension fund has acquired a 45% stake in two Vornado office properties for $91m. The Canadian plan is increasingly targeting direct, core deals as it eyes major US cities.
- CPPIB buys Ferrovial’s 10% in Canadian road for €640m
The Canadian pension has paid €640m to acquire a 10% stake in Toronto’s 407 ETR toll road from Ferrovial. CPPIB is now the toll road’s second-largest shareholder (40%) with Ferrovial retaining its place at the top of the shareholding tree (43.23%).