Canada Pension Plan Investment Board, Toronto, committed C$140 million (US$88 million) over five years to Bridgepoint Capital for investment in midmarket buyout opportunities, equally divided between the United Kingdom and continental Europe, and C$80 million to Lexington Capital Partners V, which invests in secondary market opportunities.
The C$14 billion CPP investment board, the equities investment unit of the Canada Pension Plan, Toronto, has committed C$2.3 billion to private equity funds to be drawn down over the next four to six years. The board plans to invest up to 10% of its total assets in private equity; while commitments to date represent approximately 17% of assets, actual investments to date are less than 3% of total assets.
