Canada Pension Plan Investment Board and Northleaf Capital Partners today announced that CPP Investments has extended its longstanding private equity investment partnership with Northleaf. CPP Investments has committed C$200m to the Canadian private equity market through an evergreen Canadian mid-market mandate managed by Northleaf. Since the partnership was established in 2006, and with this allocation, Northleaf now manages a total of C$2.4 billion in Canadian private equity investments on behalf of CPP Investments.
Northleaf’s customized mandate for CPP Investments focuses on maximizing net returns through primary fund investments in small and mid-market Canadian buyout and growth funds, secondary investments and direct co-investments.
“Through this Canadian private equity program managed by Northleaf, CPP Investments is able to efficiently access best-in-class Canadian private equity firms and co-investments, driving risk-adjusted returns for the CPP Fund,” said Caitlin Gubbels, Managing Director, Head of Funds, CPP Investments. “Importantly, Northleaf continues to provide strong expertise and capabilities in the management and execution of this program.”
