CPPIB commits $475 million to private equity
Canada Pension Plan Investment Board, Toronto, disclosed $475 million in private equity commitments it made in the quarter ended Dec. 31, the third quarter of its fiscal year.

CPPIB committed $240 million to TPG Partners IX, a buyout fund that focuses primarily on healthcare, software, and digital media and communications; as well as $60 million to TPG Healthcare Partners II, a buyout fund that focuses solely on healthcare. Both funds target upper-middle-market and large-growth buyouts in North America and Western Europe, said a Feb. 15 news release.

CPPIB previously committed $100 million, $500 million, $750 million, $400 million and $410 million to TPG Partners IV, TPG Partners V, TPG Partners VI, TPG Partners VII, TPG Partners VII, respectively, in 2003, 2006, 2008, 2015 and 2019. CPPIB made a previous commitment of $90 million to TPG Healthcare Partners in 2019.

CPPIB also committed $175 million to MBK Partners Fund VI, a buyout fund that focuses on control investments in China, Hong Kong, Japan, South Korea and Taiwan.

CPPIB previously committed $300 million, $450 million and $500 million to MBK Partners Fund III, MBK Partners Fund IV and MBK Partners Fund V, respectively, in 2013, 2017 and 2021.

CPP had a 33% allocation to private equity as of March 31, the most recent data available.

Read more @pionline