CPPIB commits additional $330 million to Canadian private equity, managed by Northleaf

Northleaf

The Canada Pension Plan Investment Board (CPPIB) announced yesterday that it has committed an additional $330 million to the Canadian private equity market. This is in addition to the $70 million commitment to the Northleaf Venture Catalyst Fund last year.

The new investment will be committed to a Canadian fund-of-funds program to be managed by Northleaf. The CPPIB has set a mandate for Northleaf to focus on Canadian small and mid-market buyouts, as well as growing equity funds seeking to raise $1 billion or less in capital commitments.

“By expanding our successful Canadian fund-of-funds program, CPPIB can effectively access the Canadian private equity market,” said Jim Fasano, Managing Director, Head of Funds, Secondaries & Co-Investments, CPPIB. “We remain confident in Northleaf’s capabilities, expertise and proven track record in continuing to manage this program.”

The CPPIB has committed $1.2 billion to Canadian private equity investments via Northleaf since 2005.

Douglas Soltys

Douglas Soltys

Douglas Soltys is the Editor-in-Chief of BetaKit and founder of BetaKit Incorporated. He has worked for a few failed companies and written about many more. He spends too much time on the Internet.

  • Consider that #Harper has stacked the CPP board with Conservative insiders and it has been the #Republican contention for 40 years that the CPP is *unfair trade practice and should be privatized and you may have concern about this investment into the Can Private Equity markets. Also the oil stocks falling like bricks is against a move that would turn that amount of money into unnamed private sector.