CPPIB Backs LongPoint Minerals
The Canada Pension Plan Investment Board (CPPIB), through an affiliate of CPPIB Credit Investments Inc., is investing US$ 450 million in Denver-based LongPoint Minerals, LLC. LongPoint Minerals raised a total of US$ 525 million, in which US$ 75 million came from other investors. In addition, there will be a second closing within 60 days for up to an additional US$ 200 million of commitments.
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