The $123.8 billion
The program will be managed by
“Expanding our investment in a Canadian fund-of-funds is a highly effective way for us to access small to middle-market Canadian private equity transactions and top Canadian venture capital managers,” said Senior Vice-President-Private Investments Mark Wiseman, in a prepared statement.
CPPIB is one of the largest investors in Canadian private equity, having made more than $3 billion in commitments to Canadian fund managers; it is also an active direct private equity investment strategy. The Canada Pension Plan has a private equity portfolio of more than 135 funds with more than 70 managers. As of Sept. 30, 2009, the LP’s actual allocation to private equity stood at 11.2 percent.