Canadian Pension Giant Makes Its First Foray Into Colombian Private Equity
The CPPIB invests $334 million for close to a 20% stake in food retailer D1.
The CPPIB invests $334 million for close to a 20% stake in food retailer D1.
The pension fund increases its private equity investments while cashing out $500 million within its public equity portfolio.
Fund reported 26 commitments and two terminations between February and May.
The $442 billion pension fund is shifting money out of public equity and into private equity and other alts.
But they still have a long way to go, with women making up just a quarter of investment teams, PineBridge poll finds.
The Common Retirement Fund also earmarks investments in absolute return and credit.
The proposal’s aim is to reduce risk and enhance income, report to trustees says.
The Common Retirement Fund allocates nearly half of the month’s commitments to real estate investments.
Canadian pension plan tops benchmark as asset value grows to C$114.4 billion.