Canada Pension Plan Investment Board Joins Capital Constellation
Posted on 10/14/2022
Canada Pension Plan Investment Board (CPP Investments) joined Capital Constellation. Managed by private equity and alternative investment manager, Wafra Inc., Constellation unites the expertise and capital base of institutional investors around the world with promising growth alternative asset managers. CPP Investments joins Alaska Permanent Fund Corporation, the Public Institution for Social Security of Kuwait (PIFSS), Railpen, the Third Swedish National Pension Fund (AP3), and New York State Common Retirement Fund, among other asset owners, as a member of Constellation’s Strategic Committee. Constellation’s asset owners collectively manage nearly US$ 2 trillion in assets, with the Strategic Committee tasked with maximizing network benefits and peer engagement amongst Constellation’s partners. Wafra is owned by PIFSS.
CPP Investments was established in 1997 to invest the assets of the CPP Fund and help build a retirement foundation for 21 million Canada Pension Plan contributors and beneficiaries. With over C$ 500 billion in assets as of June 30, 2022, CPP Investments’ initial capital commitment to Constellation is US$7 5 million.
Since its founding in 2018, Capital Constellation and its affiliated entities have grown into a multi-billion-dollar investment platform, investing in alternative asset managers across North America and Europe and a range of asset classes and strategies spanning technology, renewable energy, healthcare, communications, real estate, and private credit.
