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CPPIB establishes real assets investment department

Canada Pension Plan Investment Board (CPPIB) has appointed Graeme Eadie as senior managing director and global head of real assets, a new investment department that brings together the real estate investments department with the company’s existing infrastructure and agriculture groups.

The group says the change will create a better alignment with its Strategic Portfolio.
 
Eadie has been with CPPIB since 2005, and was most recently senior managing director and global head of real estate investments.
 
Shane Feeney has been appointed senior managing director and global head of private investments. Feeney will also join CPPIB's senior management team.
 
Feeney will be responsible for CPPIB's private investment activities and will report to Mark Machin. Feeney was most recently managing director, head of direct private equity for CPPIB. He joined CPPIB in 2010 and has 18 years of private equity experience. Before joining CPPIB, he was a partner and founding member of Hermes Fund Managers Limited's direct private equity business. He had also previously been an associate director with Morgan Grenfell Private Equity in London.
 
Ryan Selwood has been named managing director, head of direct private equity, and will be responsible for overseeing co-sponsorships and other direct private equity transactions. Selwood was most recently a managing director in the direct private equity group and lead for CPPIB's financial institutions investing initiative. Selwood previously led CPPIB's direct private equity activities in Europe. Prior to joining CPPIB in 2006, Selwood was a vice president at Merrill Lynch in the financial institutions group in the investment banking division in New York.       
 
Eadie, Feeney and Selwood will transition into their new roles immediately.
 
Mark Jenkins will be leaving CPPIB on 16 September to assume a senior leadership role at The Carlyle Group. Jenkins joined CPPIB in 2008 and was most recently senior managing director and global head of private investments.
 
"These appointments demonstrate the deep bench strength and investment expertise we have developed at CPPIB. Graeme, Shane and Ryan have been instrumental in a number of our major transactions and will no doubt continue to provide superb leadership in their new roles," says Mark Machin, president and chief executive of CPIB. "I would also like to thank Mark for his strong leadership and many contributions to CPPIB's success."
 
The private investments department will continue to invest in a wide range of private equity and credit assets, and will comprise four groups: direct private equity, natural resources, principal credit investments and portfolio value creation.

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