The Canada Pension Plan Investment Board says it has sold a portfolio of 25 private equity fund interests in North American and European buyout funds for $1.2 billion in net proceeds.
The board says the buyers are Ares Management Private Equity Secondaries funds and CVC Secondary Partners, the secondaries business of CVC.
Ares is a global alternative investment manager, while CVC is a global private markets manager focused on private equity, secondaries, credit and infrastructure.
The portfolio sold included primary commitments and secondary purchases made by CPP Investments in funds over 10 years old.
Dushy Sivanithy, CPP Investment’s head of secondaries, says the deal was part of its active portfolio management.
CPP Investments’ net assets totalled $699.6 billion at Dec. 31, 2024.
Related Stories
Chinese Scientists Flagged Glacial Flood Danger One Year Before Nepal Catastrophe
More than a year before the catastrophic flash flood devastated the China–Nepal...
Iceland Focuses on Security Partnerships After Voters Reject Opening EU Membership Talks
Icelandic Minister for Foreign Affairs Thorgerdur Katrin Gunnarsdottir attends a press conference...
Italy, Spain Extend Tit-for-Tat Border Curbs After Ceuta Illegal Immigrant Crisis
Immigrants gather on a hill as they attempt crossing from the border...
Vaccine Maker Halts Trial on mRNA Cancer Shot
A pharmacist administers the Pfizer-BioNTech vaccine in Los Angeles, Calif., on October...
