CPPIB sells portfolio of private equity fund interests for about $4-billion
The Canada Pension Plan Investment Board has sold a portfolio of 33 limited partnership fund interests for approximately $4 billion. The transaction was made with Blackstone Strategic Partners and Ardian, and it reflects CPP Investments' strategy of active portfolio management. This sale aims to optimize the fund's exposure and supports disciplined capital allocation.
- ▪CPP Investments sold a portfolio of 33 limited partnership fund interests.
- ▪The net proceeds from the transaction totaled about $4 billion.
- ▪The portfolio included various investments made over the course of about 20 years.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountThe Canada Pension Plan Investment Board says it has sold a portfolio of 33 limited partnership fund interests to Blackstone Strategic Partners and private investment firm Ardian.CPP Investments says net proceeds from the transaction totalled about $4-billion.The portfolio included various investments made in funds over the course of about 20 years.Tom Kapsimalis, managing director and CPP Investments’ head of secondaries, says the sale was part of the fund’s active portfolio management.He says the deal provided an attractive opportunity to optimize the fund’s exposure and supports disciplined capital allocation across its portfolio.CPP Investments invests the money not needed by the Canada Pension Plan to…
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