Canada Pension Plan Investment Board, Toronto, committed up to US$100 million over six years to Paul Capital Top Tier Investments II, a new fund of funds focusing on North American venture capital.
The CPP Investment Board already has a strategic alliance with Paul Capital Partners through a US$90 million commitment over four years to Paul Capital Partners VII, which acquires U.S. and European limited-partnership interests in the secondary markets.
The CPP Investment Board, with C$12 billion (US$7.5 billion) in assets, is the equities unit of the Canada Pension Plan.
