Director since April 2007, In 2009 executives of the Canada Pension Plan Investment Board took a 31.4% cut in their bonuses after questions were raised about the level of compensation at the crown corporation. Chris Witkowsky - April 9 2020. for failing to do so, both on climate grounds[36] and financial loss. Mr. Su has 20 years’ experience in private equity, strategic consulting and operations in the region. It evolved from investing exclusively in non-marketable government bonds to passive index-fund strategies and, in 2006, to active investment strategies. Formerly Davis + Henderson Corp, DH has transformed itself from a check printing company into a provider of payment and lending services. Historical information on the performance of assets available to the Canada Pension Plan, and financial statements of the CPP Investment Board, can be found under the Quarterly Reports and Annual Reports section of the CPPIB's website. About 46 private equity firms and investors, including Blackstone Group Inc, KKR & Co Inc, France-based Ardian, Canada's CPP Investments and the Teacher Retirement System of Texas, are founding signatories to the initiative launched by the Institutional Limited Partners Association. The Canadian Pension Plan Investment Board has hired veteran deal maker Pascal Keutgens from U.K. buyout firm Bregal Freshstream, according to a … CPP Investments is one of the world's largest investors in private equity, having invested over US$28.1 billion between 2010 and 2014 alone. [39] CPPIB CEO Mark Machin stated that the holdings are part of indices which CPPIB invests in and that those investments had been red-flagged for potential future divestment. CPPIB Private Equity Portfolio Group A (located in Allocation Global, Global) was purchased by a Asset Manager from France on 04/09/2020 as a Deal in the Multi Industry industry. Former vice-chair and group treasurer of the Bank of Nova Scotia. The CPP total assets are projected to reach the following levels according to the 2012 actuarial report: (in assets):[17]. [10] Changes were made to the plan, gradually increasing the contribution rate to its current 9.9% and creating the CPP Investment Board.[10]. [27], In September 2016, CPPIB and Cinven acquired the business-to-business accommodation wholesaler Hotelbeds for a purchase price of around €1.3 billion. CPPIB Private Equity Funds Boss Jim Fasano Talks Co-Investment The Canada Pension Plan Investment Board’s Jim Fasano looks for middle-market managers with … By maintaining relationships with over 150 private equity fund managers and other specialized partners, we generate skill-based returns throughout the investment cycle in a number of ways: Direct Private Equity (DPE) is a preferred long-term investor, focused on making direct investments in private companies across North America and Europe. The two funds are among investors that have made equity capital commitments worth $4.3 billion in NIIF, a quasi-sovereign wealth fund. William Louch. CPP Investments is a professional investment management organization with a vital purpose: to help provide a foundation on which Canadians build financial security in retirement. Or perhaps more fairly described, a private equity investor dressed up as a pension fund manager. [21], In May 2015, the sale of a joint 70% investment with BC Partners in U.S. cable television operator Suddenlink for over US$9 Bn to Altice was also announced. Whitehorse Liquidity Partners is a private equity firm focused on providing structured liquidity solutions for private equity portfolios. Significant transactions last year included a C$1 billion co-investment for a 12 percent stake in The Ultimate Software Group alongside Hellman & Friedman and Blackstone. Ryan Selwood, Managing Director & Head of Direct Private Equity, CPPIB, said: “Through this investment in BGL Group, CPPIB will participate in the continued growth of a leading financial technology business serving the UK consumer insurance distribution market, which provides greater transparency and choice to consumers. Director since September 2015. [14], In July 2016, CPPIB and Calgary-based Wolf Midstream Inc. purchased a 50% stake in Devon Energy's Access Pipeline located in Alberta. CPP Investments Commits US$300mn to … Director since October 2012, Fellow, Institute of Chartered Accountants of Ontario, London, Ontario. Its portfolio in the region is already highly diversified. CPPIB is investing alongside Baring Private Equity Asia, which earlier this month agreed to buy Virtusa for about $2 billion. CPPIB and Texas-based private equity fund TPG Capital LP said their investment into the parent of Viking Cruises Ltd. will help the cruise operator … Corporate Director, Winnipeg, Manitoba. According to the press release, “In 2017, CPPIB Credit provided a £250 million facility to Intu Trafford Centre Group (UK) Limited (ITCG), a subsidiary of intu properties plc (intu) and the indirect owner of the Trafford Centre, which was secured by the equity interest in the Trafford Centre. Share A-A + 100%. By. We have recently updated our privacy policy. The standard private equity holding period is 5-years so most interviewers expect you to know it. The CPPIB reserve fund receives its funds from the CPP and invests them like a typical large fund manager would. Andrea Orlandi is something of a wolf in sheep’s clothing. Share A-A + 100%. The CPP reserve fund allocates certain amounts to various pre-qualified, This page was last edited on 7 December 2020, at 04:08. CEM also examined returns for pension plans that ran in-house private equity portfolios, a lower cost model pioneered by large Canadian funds such as CPPIB and Omers. Director since January 2009. Canada Pension Plan Investment Board wants to bulk up its senior secondaries investment team following the departure of its global and European heads. The investment is 2.8x MOIC, which is slightly above 2.75x or the midpoint of 2.5x and 3.0x. [11] It reports quarterly to the public on its performance, has a professional board of directors to oversee the operations of the CPP reserve fund, and also to plan changes in direction. Under the direction of then Minister of Finance Paul Martin, the CPP Investment Board was created by an Act of Parliament in 1997 as an independent, but accountable, body to monitor the funds held by the Canada Pension Plan. By. Read: CPPIB and real-estate investor acquire Seattle office. [19], In 2012 CPPIB acquired a 45% stake in ten shopping centers and two redevelopment sites from Westfield Group. So the IRR must be slightly above 22.5%. [31] The portion of CPP Reserve Fund growth due to CPP contributions varies from year to year, but have shown a slight decrease in the past 3 years. [22], In June 2015, CPPIB announced it would acquire GE Capital's private equity lending portfolio for $12 billion. Rod James - 24 November 2020. The transaction would be one of the biggest private equity exits in the technology sector post Capgemini’s $4 billion acquisition of Nadasdaq-listed iGate, which was also backed by Apax Partners. Explore our latest insights. 1100 René-Lévesque Blvd W. Montreal, QC H3B 4X9 (514) 392-9000 [37][38], In May 2019, Conservative MP Tom Kmiec (Calgary Shepard) criticized the CPPIB during a meeting of the Canadian House of Commons Standing Committee on Finance for its indirect investments in two Chinese firms, Hikvision and Dahua Technology, which supply surveillance technology to the Chinese government used to repress Uyghurs in China's western Xinjiang region. “CPPIB and ADIA are willing to invest in annuity businesses that have a reliable revenue flow,” one of the two people cited above said. Concurrent with the closing of the offering, Premium Brands completed a private placement of 590,000 common shares at the offering price with Canada Pension Plan Investment Board (CPPIB, CPP Investments), including 77,000 common shares issued in connection with the full exercise of CPP Investments’ additional share option, for gross proceeds of approximately $57.5 million. CPPIB, PJT Partners and Goldman Sachs declined to comment. [16], As outlined in its Policy on Responsible Investing, first adopted in 2005, the Board considers environmental, social and governance (ESG) issues/factors from a risk/return point of view and encourages companies to adopt policies and practices that enhance long-term financial performance. CPPIB to invest additional $30M in Premium Brands’ $300M equity and debt financing. Neiman Marcus Group Inc., which filed for . CPPIB’s direct private equity portfolio comprised 80 investments valued at C$32.8 billion as of 31 March, compared with 64 investments worth C$23.2 billion one year prior. CDPQ is a major Québec and global private equity investor, with nearly 50 years of sector experience. By. Africa. CPPIB is likely to partner with a PE firm if it chooses to proceed, the sources said. [35], As worldwide concern for global climate change implications increasingly call on institutional divestment from fossil fuels, CPPIB has also been criticized[by whom?] PE seeks higher returns by investing in a wide range of less liquid and longer-term private equity assets; and PE focuses on high alignment of interests between shareholders and management and emphasizes long-term value creation to deliver attractive risk-adjusted returns. CPPIB’s private equity portfolio is managed across four locations by 153 professionals; it had 116 direct investments and maintained 142 manager relationships as … Private equity firms sold stake in SolarWinds days before hack warning. In: Private Equity Deals, British Columbia, Public Deals, Consumer Products and Services. At CPP Investments you can be part of one of the world’s largest and fastest growing institutional investors. The CPP Investment Board began its investing program in 1999, establishing the CPP Reserve Fund to hold investment earnings and CPP contributions not needed to pay current pensions. The program manages $56 billion, less than the amount managed in the CPPIB’s active equities, private equity, and real assets investment programs — each of which reported lower fees. Chartered Accountant, Corporate Director, St. John's, Newfoundland and Labrador. Please note that blocking some types of cookies may impact your experience on our website and the services we offer. CPPIB Private Equity Portfolio Group A (located in Allocation Global, Global) was purchased by a Asset Manager from France on 04/09/2020 as a Deal in the Multi Industry industry. Corporate Director, David Hatcher 30/03/2017 | Investment/finance Print Download. David Hatcher 30/03/2017 | Investment/finance Print Download. Temasek, Credit Suisse veteran Boon Sim joins CPPIB board of directors. [39], Learn how and when to remove this template message, Canadian House of Commons Standing Committee on Finance, "Condensed Interim Consolidated Financial Statements of Canada Pension Plan Investment Board - December 31, 2017", "The World's Largest Private Equity Investors Are...", "The CPP Fund and CPP Investment Board are not Sovereign Wealth Funds", "The Impact of Sovereign Wealth Funds on the International Financial System", "CPPIB posts 5% return in Q2 as total assets top $456B - BNN Bloomberg", "CPP Reserve Fund Grows to $91.7 Billion", "Canada Pension Plan Investment Board — June 27, 2012", "CPPIB Buys its First Seattle Office Tower", "CVC, Canada's CPPIB to buy Petco for about $4.6 billion", "Court clears way for SNC-Lavalin to close $3.25B sale of stake in Hwy. Working on behalf of 20 million Canadians, you’ll be part of a high-performing, collaborative team that shares a purpose and a commitment to excellence. Here you can change your privacy preferences. Regulators are watching the trend closely. Certified Management Accountant of Canada, Toronto Ontario. CPP Investments is one of the world's largest investors in private equity, having invested over US$28.1 billion between 2010 and 2014 alone. CPPIB Private Equity Funds Boss Jim Fasano Talks Co-Investment The Canada Pension Plan Investment Board’s Jim Fasano looks for middle-market managers with … Big jump in private equity AUM expected over next 5 years Thoma Bravo takes in $22.8 billion for 3 funds ... CPPIB expects global trade to rebound significantly next … In other investment news, the British Columbia Investment Management Corp. and private equity … [20], In May 2015, Unibail-Rodamco revealed it had signed an agreement with the Canada Pension Plan Investment Board to sell its 46.1 percent stake in German shopping mall operator MFI AG for €394 million. [25] Broe will manage the portfolio of more than 1600 wells. In: Private Equity Deals, British Columbia, Agri-Food, Consumer Products and Services CPE News (12/1/2020) – Premium Brands Holdings Corporation (TSX: PBH) has completed previously announced bought deal offering of 2,358,650 common shares at $97.55 per share for gross proceeds of approximately $230 million. A weekly roundup of jobs in the private equity industry – from buyout shops to venture capital funds to investment banks. GIC did not respond to a request for comment. The program manages $56 billion, less than the amount managed in the CPPIB’s active equities, private equity, and real assets investment programs — each of which reported lower fees. While accountable to Parliament, the CPP Investment Board is not controlled by the government or subject to government appointments, its employees and directors are not part of the Public Service of Canada. With $4.3 billion of equity capital commitments from investors such as CPPIB and ADIA, NIIF invests across asset classes such as infrastructure, private equity, transportation and energy. On: June 25, 2020. A MOIC of 3.0x over 5-year holding period is ~25% IRR. [citation needed]. Our teams have cutting-edge expertise, primarily as direct investors and as fund partners. Consistent with the CPPIB's mandate to maximize investment returns without undue risk of loss, they pursue a value-added strategy that seeks to deliver returns over and above a market-based benchmark over the long term. Fintech investments by private equity firms has also surged in recent years. According to the 2013 Annual Report, about 63% of the fund's assets are now invested outside Canada, largely in the United States, Europe and Asia. We invest in a broad range of sectors worldwide. The pension’s secondaries group, which invests in private equity secondaries transactions globally, is seeking two senior principals based in North America and Europe respectively, according to a job advert. Calgary, Alberta. CPPIB, PJT Partners and Goldman Sachs declined to comment. [citation needed], In 2009 CPPIB also invested in the $5.2-billion purchase of IMS Health with Texas Pacific Group and the $2.1-billion purchase of Macquarie Communications Group. “In partnering with CPPIB, Antares is ideally positioned to continue, and expand upon, its market leading support for our private equity sponsor client base,” said John Martin, one of the managing partners at Antares Capital. The CPP reserve fund seeks to achieve at least the projected return (inflation-adjusted) needed to help sustain the CPP[citation needed], a rate set at 4.0% by 2017 in the CPP actuary's report, starting from 3.2% in 2011. As part of the new deal, CPPIB also agreed to provide a further $119-million as the anchor investor to help launch the new J.W. Mike Didymus-July 22, 2020. (Press Release) Canada Pension Plan Investment Board (“CPPIB”) has invested R$1,071 million (C$340 million) for a 12.4%… CPPIB and Ontario Teachers’ Pension Plan to Acquire 40% Stake in IDEAL. The funds will be committed to a Canadian fund-of-funds program that will be managed by CPPIB’s longstanding investment partner Northleaf Capital Partners (formerly TD Capital Private Equity … Director since October 2009. LPs; 21 May 2018 PE investors set for partial exits in ReNew Power's India IPO. [9], The Canada Pension Plan was first established in 1966. Read: CPPIB and real-estate investor acquire Seattle office. [citation needed]. Valuations as of March 31, which will include the initial impacts of the coronavirus downturn, won’t be out until mid- or late- … The historical growth with the investment performance is tabulated as follows: ¹Assets are as at the period end date (March 31). Private equity asset valuations lag by about a quarter or more, so performance marks as of Dec. 31 are just being finalized now and won’t be out until later this month or May. CPPIB invests in real estate, infrastructure, public and private equity and debt. CPPIB had $80.7 billion allocated to to private equity as of 1 July, making it the world’s biggest investor in the asset class, according to the GI 100, published by sister publication Private Equity International in July. Recently retired CEO of RBC Global Asset Management. 407", "Some Canada Pension Plan investments that might surprise you", Actuarial Report (26th) on the Canada Pension Plan, Office of the Superintendent of Financial Institutions Canada, "CPP Investment Board – 2008 Annual Report", CPPIB scoops windfall as Microsoft buys Skype for $8.5-billion, "Unibail sells German mall operator stake to Canada's CPPIB", "Altice's Deal to Buy Suddenlink May Be Prelude to Pursuit of Time Warner Cable", https://www.reuters.com/article/2015/06/09/us-cppib-m-a-general-electric-idUSKBN0OP13D20150609, "Encana sells Colorado assets to Broe Group partnership for $900M", "Canada Pension Plan Investment Board and The Broe Group Complete Acquisition of DJ Basin Oil & Gas Assets", "Encana Corp. completes sale of Denver-Julesburg Basin assets", "Canada Pension Plan and Wolf Midstream invest big in Alberta pipeline", "TUI Group to Sell Hotelbeds Group for $1.3 Billion", "CPPIB Initially Commits 200 Million Toward Sharpooji Venture", "CPP Investment Board – Financial Highlights", "CPP gained 18.7% last year, now worth $264B", "CPP Investment Board reports 0.29 per cent annual investment setback", CPPIB exec bonuses to be cut by about a third, "A Fix for the Climate Polluting Canada Pension Plan : Friends of the Earth Canada", "How not divesting from carbon economy has already hurt your pension", "Canada Pension Plan Knee-Deep In Unethical Fossil Fuel Stocks", "CPPIB challenged to divest from Chinese firms tied to abuses against Uyghurs", https://en.wikipedia.org/w/index.php?title=CPP_Investment_Board&oldid=992798202, Investment management companies of Canada, Canadian federal departments and agencies, Articles with dead external links from June 2019, Articles with permanently dead external links, Short description is different from Wikidata, Articles needing additional references from January 2012, All articles needing additional references, Pages using infobox company using trading name, Articles with unsourced statements from February 2015, Articles with unsourced statements from August 2012, Articles with unsourced statements from February 2007, Articles with unsourced statements from May 2015, Articles with specifically marked weasel-worded phrases from September 2020, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, Using equity firms to assist in achieving targets for each asset class. In addition, the CPPIB has been broadening the scope of its investments to include emerging markets, although David Denison, CEO at the time, would not pinpoint a specific country or area. So you have fewer options in traditional private equity here – most investment activity actually takes place at pension funds, the biggest of which are the Caisse in Quebec, the CPP Investment Board (CPPIB), the Ontario Teachers’ Pension Plan (OTPP), the Public Sector Pension Investment Board (PSP Investments), and OMERS. Corporate Executive, Halifax, Nova Scotia. ... AltAssets has been serving the global private equity industry for over a decade and has become established as a trusted source of independent news and views on the industry by thousands of professionals worldwide. Director since December 2010. CPPIB took a 12.4% stake in Brazilian gym chain Smart Fit for R$1.07b. The Canada Pension Plan Investment Board (CPPIB; French: Office d'investissement du régime de pensions du Canada), operating as CPP Investments (French: RPC Investissements), is a Canadian Crown corporation established by way of the 1997 Canada Pension Plan Investment Board Act to oversee and invest the funds contributed to and held by the Canada Pension Plan (CPP). The total growth of the CPP Reserve Fund is derived from the CPP contributions of working Canadians, and the return on investment of the contributions. The Private Equity Funds (PE Funds) team pursues investments in North America and Europe that are expected to outperform public benchmarks and create CPP Investments-wide partnering opportunities. We’re thinking ahead about global issues and trends as we invest for generations. The Canada Pension Plan Investment Board, operating as CPP Investments, is a Canadian Crown corporation established by way of the 1997 Canada Pension Plan Investment Board Act to oversee and invest the funds contributed to and held by the Canada Pension Plan. 2.5X MOIC is ~20% IRR. [7][8], In November 2020, the independent investment manager for CPP said it had $456.7 billion (US$349 billion) in assets as of 30 September. The CPPIB is making a major push into real estate, especially real estate in India.[30]. Mark Machin is the current Chief Executive Officer of the CPPIB, replacing Mark Wiseman on June 13, 2016. CPPIB's Asia private equity exposure tops $13b. Whitehorse Liquidity Partners is a private equity firm focused on providing structured liquidity solutions for private equity portfolios. Toronto, Ontario [:en] At CPP Investments, we respect the privacy of your personal data. Director since June 2016. The performance and the market value of the CPP Fund is reported on a quarterly basis. Prior to joining CPP Investments in 2018, Salman was a Director at Lone Star Funds / Hudson Americas where he focused on private equity opportunities, structured credit investments, and served on the board of Caliber Home Loans. [23], In October 2015, CPPIB announced plans to acquire Encana's Denver-Julesberg Basin Colorado oil and gas assets for $900 million (US). CPPIB is investing alongside Baring Private Equity Asia, which earlier this month agreed to buy Virtusa for about $2 billion. In recent years, the CPPIB changed direction in its investment philosophy. Retired executive vice-president and CFO of TransAlta Corporation, Corporate Director, Oakville, Ontario. CPPIB’s current exposure to India stands at around Canadian $10.6 billion (US $8 billion), with investments across public and private equity, real estate and infrastructure. [4][5][6], As of September 30, 2020, the CPP Investment Board manages over C$456 billion in investment assets for the Canada Pension Plan on behalf of 20 million Canadians. ³Increased fund value due to worker and employer CPP contributions not needed to pay current benefits. Secondaries participates in the private equity secondary markets in North America, Europe and Latin America. [28], In October 2019, CPPIB announced to invest alongside KKR in acquiring stake in German Axel Springer SE. According to the Office of the Chief Actuary of Canada, the CPP Fund needs a real rate of return of 4.0%, over the 75-year projection period in his report, to help sustain the plan at the current contribution rate. In May 2011 CPPIB sold its stake in Skype to Microsoft for US$1.1 Bn before debt repayment,[19] or US$933 million. CPPIB’s private equity attitude. The negative investment return amounted to $303 million CAD.[34]. The interest had been acquired in a 2012 LBO. When you visit our website, it may store information through your browser from specific services, usually in form of cookies. Salman is responsible for originating and managing direct private equity investments with a focus on financial services. Ardian was lead buyer on the deal, while Lexington Partners also was a buyer. Private Equity Asia (PE Asia) focuses on private equity investments in the Asia Pacific region through funds, direct investments and secondaries. Prior to CPPIB, Mr. Su took various positions at Bain Capital, Bain & Company, Ericsson and COFCO.Mr. [24] The deal, with Denver-based partner, private equity firm The Broe Group, having a 5% share in the new Crestone Peak Resources partnership, was completed in July 2016. Canada Pension Plan Investment Board (CPPIB) closed a record nine direct private equity deals in Asia during the 2019 financial year, while writing down one of its largest existing co-investments in the region., LPs, Performance, North America, Fundraising, Asia, Co-investment, Canada Pension Plan Investment Board (CPPIB) Director of Manitoba Telecom Services. EQT Private Equity becomes largest shareholder in Beijer Ref, a world-leading wholesaler of cooling technology and air conditioning. TPG launches US, Europe secondaries strategy, bring in ex-CPPIB secondaries head... Mike Didymus-July 28, 2020. Firm News . About 46 private equity firms and investors, including Blackstone Group Inc, KKR & Co Inc, France-based Ardian, Canada's CPP Investments and the Teacher Retirement System of Texas, are founding signatories to the initiative launched by the Institutional Limited Partners Association. Fintech investments by private equity firms has also surged in recent years. CPPIB closes $1bn-plus LP portfolio sale even as most secondaries activity pauses. Secondaries participates in the private equity secondary markets in North America, Europe and Latin America. CPP Investments is one of the world's largest investors in private equity, having invested over US$28.1 billion between 2010 and 2014 … ... hires CPPIB exec Read More. Helping create retirement security for generations of Canadians. In December 2013, the Chief Actuary reaffirmed that the CPP is sustainable throughout the 75-year timeframe of his 2012 report. Corporate Director, Greenwich, Connecticut Private Capital Journal is a member of CPE News network. PRESS RELEASE . ... EQT and CPPIB to acquire a majority equity stake in Waystar in transaction valued at $2.7 billion. Investments held by the CPP Fund include equities, fixed income (primarily government bonds), and inflation-sensitive assets (real estate, inflation-linked bonds and infrastructure). Buyout. Global professional equity professional for the ~$400 billion Canada Pension Plan. Appointed Chair effective October 2014 CPPIB to invest additional $30M in Premium Brands’ $300M equity and debt financing. In other investment news, the British Columbia Investment Management Corp. and private equity … 1100 René-Lévesque Blvd W. Montreal, QC H3B 4X9 (514) 392-9000 Former Vice-President of Research and International Relations, and Professor and Dean at the University of Toronto. PRESS RELEASE Senior team member of Direct Private Equity, which invests across multiple industry sectors, targeting equity investments between $500-$1 billion with the flexibility to hold assets over a long-term time horizon. CPPIB’s private equity attitude. Or perhaps more fairly described, a private equity investor dressed up as a pension fund manager. CPPIB hires founding partner from UK buyout shop Bregal Freshstream The Canadian pension’s direct investing arm has participated in a string of big private equity deals in Europe . Matthew Lee Associate, Direct Private Equity at CPP Investment Board London, United Kingdom 500+ connections Formerly Davis + Henderson Corp, DH has transformed itself from a check printing company into a provider of payment and lending services. CPPIB had $80.7 billion allocated to to private equity as of 1 July, making it the world’s biggest investor in the asset class, according to the GI 100, published by sister publication Private Equity International in July. The CPP Investment Board's mandate is laid out in its founding legislation, the Canada Pension Plan Investment Board Act (S.C. 1997, c. 40). Director since October 2012. CPP Investment Board (CPPIB) and Northleaf Capital Partners announced today that CPPIB has committed an additional $400 million to the Canadian private equity and venture capital market. CANADA - The Canada Pension Plan Investment Board (CPPIB) has awarded two private equity mandates to Clairvest Group and General Motors Investment Management, worth a … As indicated in its Financial Highlights for the fiscal year ended March 31, 2013, the CPP reserve fund averaged 4.2% return in the past 5 years, and a 7.4% return in the past 10 years, above the sum of projected Canadian inflation rates and the 4.0% target identified by the CPP Actuary report, or 6.3% in nominal basis, that is required for CPP contribution sustainability. Big jump in private equity AUM expected over next 5 years Thoma Bravo takes in $22.8 billion for 3 funds Data, technology become new prized possessions Distressed investment avalanche on … ²Commencing in fiscal 2007, the rate of return reflects the performance of the CPP Fund which excludes the short-term cash required to pay current benefits. The CPPIB has narrowly bucked the loss-making trend among North American pension funds, recording a 1 percent total return on investments in the three months ended in June. For much of its history, the plan relied on contributions to pay benefits. CPPIB in market for two senior principals. CPPIB's equity investment was $1.8 billion and the total gross value of the properties was $4.8 billion. [13] Notable investments include 50% of the American pet store chain Petco,[14] 50% of American luxury department store chain Neiman Marcus, 50% of Australian office tower development International Towers Sydney, 50.01% of the Ontario Highway 407 toll highway,[15] 21.5% of South Korean discount store chain Homeplus, and 19.8% of multinational media corporation Entertainment One.
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