Canada Pension Plan Investment Board, Toronto, will commit up to 10% of its assets under management to private equity over the next five years, according to Mark Weisdorf, vice president of private market investments. The CPP Investment Board manages the equity portion, about C$7.2 billion (US$4.7 billion), of the C$49.2 billion Canada Pension Plan, also in Toronto.
Mr. Weisdorf said that for the current year, up to 10% of the plan’s total portfolio can be committed to private equity investments, which can be drawn down over the next five years. Commitments to real estate and infrastructure investments will be considered later in fiscal 2002, and direct investments in energy and natural resources will be considered during fiscal 2003.
