Funds & Secondaries

The Funds & Secondaries group is responsible for identifying and committing capital to the best performing private equity fund managers around the world.

While we are intent on developing our skills as a principal investor, the large amounts of capital that we have to deploy will continue to require us to partner with top-tier external managers.

Private equity funds represent the core of the CPP Investment Board’s private equity portfolio. Approximately $35 billion has been committed to more than 150 private equity funds since we entered this market in 2001.

We also continue to be an active participant as a buyer in the secondary market. The secondary market is a relatively narrow segment in which institutions sell limited partnership interests to one another on a privately negotiated basis. Since 2001, we have invested more than $4 billion in this market.