The Canada Pension Plan Investment Board, made a total of $2.9 billion in commitments to alternative investments during the third quarter of the year.
The Canada Pension Plan Investment Board (CPPIB), made a total of $2.9 billion in commitments to alternative investments during the third quarter of the year.
CPPIB, which manages the assets of the Canada Pension Plan, said the pension fund had net assets of CAD529 billion ($386.4 billion) as of 30 September, the end of its second fiscal quarter.
Within private equity, the board made the following commitments and investments:
CPPIB’s private equity investments include: $400 million to buyout fund CVC Capital Partners Asia VI; $316 million to several growth equity and venture capital funds including Scale Venture Partners Fund VIII, a venture capital fund focused on early stage investments in enterprise software businesses; venture capital fund Ribbit Capital X and Ribbit Capital OB1, a feeder fund; Greenoaks Capital Opportunities Fund V, a venture capital fund focused on growth-stage technology businesses globally; and True Ventures VIII, a early stage venture capital fund focused on enterprise software, connected hardware, consumer brands, digital biosciences and digital asset companies.
CPPIB also Committed $300 million to Clayton, Dubilier & Rice Fund XII, an upper-middle-market buyout fund focused on in North America and Western Europe, and made a $47 million co-investment, alongside True North Fund VI, in Accion Labs, a digital information technology services company.
In credit, the board committed CAD310 million to Kotak Infrastructure Investment Fund, an infrastructure debt fund managed by Kodak Investment Advisors, while real assets investments include an additional CAD755 million in equity to the second tranche of the Tricon Multifamily joint venture, for a total allocation of CAD1.5 billion, and an additional €475 million to the Round Hill European Student Accommodation Partnership, a joint venture with Round Hill Capital that invests in high-quality purpose-built student accommodation in major cities across Europe.
