Canada Pension Plan Investment Board, Toronto, with C$11 billion (US$7.1 billion) in assets, committed C$150 million to GM Capital Partners I, which directly invests in buyouts and venture capital, principally in the United States, said Mark Weisdorf, vice president, private market investments, at CPP.
The plan also committed C$50 million over five years to Clairvest Equity Partners buyout fund, and C$16.8 million for a 10% ownership position in the Clairvest Group merchant bank.
In June, the investment board announced it will invest up to 10% of its assets in private markets, up from 2% currently. Mr. Weisdorf said the board may not be able to reach its target by the end of this year, but that its goal.
