Canada Pension Plan Commits Another CA$ 200 Million To PE Partnership

Posted on 09/15/2023

Canada Pension Plan Investment Board and Northleaf Capital Partners will build on their private equity investment partnership. CPP Investments has committed CA$ 200 million to the Canadian private equity market through a mid-market mandate managed by Northleaf. The partnership was established in 2006. Northleaf now has a total of CA$ 2.4 billion in CPP assets under management. Northleaf’s mandate for CPP Investments involves maximizing net returns through primary fund investments in small and mid-market Canadian buyout and growth funds, secondary investments, and direct co-investments.

Caitlin Gubbels, Managing Director of CPP said: “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. Importantly, Northleaf continues to provide strong expertise and capabilities in the management and execution of this program.”

Mike Flood, Managing Director of Northleaf said: “We value and appreciate CPP Investments’ confidence in our team, investment process and track record and are proud to have supported them in advancing their Canadian program since 2006.”

CPP has invested CA$ 82 billion in Canada and has assets under management of US$ 575 billion. It has 21 million contributors and beneficiaries in the Canada Pension Plan. Headquarters are in Toronto. Northleaf is a private markets investment firm with more than US$ 23 billion in private equity, private credit, and infrastructure commitments. Northleaf is also based in Toronto.

Get News, People, and Transactions, Delivered to Your Inbox