1177:
587:-adjusted) needed to help sustain the CPP , a rate set at 4.0% by 2017 in the CPP actuary's report, starting from 3.2% in 2011. As indicated in its Financial Highlights for the fiscal year ended March 31, 2013, the CPP reserve fund averaged 4.2% return in the past 5 years, and a 7.4% return in the past 10 years, above the sum of projected Canadian inflation rates and the 4.0% target identified by the CPP Actuary report, or 6.3% in nominal basis, that is required for CPP contribution sustainability.
129:
3039:
3029:
3009:
2989:
2979:
25:
3019:
2999:
241:
792:'s Denver-Julesberg Basin Colorado oil and gas assets for $ 900 million (US). The deal, with Denver-based partner, private equity firm The Broe Group, having a 5% share in the new Crestone Peak Resources partnership, was completed in July 2016. Broe will manage the portfolio of more than 1600 wells.
859:
The total growth of the CPP Reserve Fund is derived from the CPP contributions of working
Canadians, and the return on investment of the contributions. The portion of CPP Reserve Fund growth due to CPP contributions varies from year to year, but have shown a slight decrease in the past 3 years. The
1477:
the CPP Investment Board and the Caisse de dépôt et placement du Québec are not included in the definition of SWFs used here because of characteristics that set them apart from SWFs as described above (e.g., they do not manage government money or, as with the Caisse, manage both public and private
371:
was established in 1966. For much of its history, the plan relied on contributions to pay benefits. By 1996, the federal government had determined that the CPP as then constituted was unsustainable. Changes were made to the plan, gradually increasing the contribution rate to its current 9.9% and
386:
in 1997 as an independent, but accountable, body to monitor the funds held by the Canada
Pension Plan. The CPP Investment Board began its investing program in 1999, establishing the CPP Reserve Fund to hold investment earnings and CPP contributions not needed to pay current pensions. It reports
579:
strategy that seeks to deliver returns over and above a market-based benchmark over the long term. That benchmark is called the CPP Reference
Portfolio and under reasonable capital market assumptions, it can generate the long-term 4.0% real rate of return required to help sustain the CPP.
512:
As outlined in its Policy on
Responsible Investing, first adopted in 2005, the Board considers environmental, social and governance (ESG) issues/factors from a risk/return point of view and encourages companies to adopt policies and practices that enhance long-term financial performance.
851:
Investments held by the CPP Fund include equities, fixed income (primarily government bonds), and inflation-sensitive assets (real estate, inflation-linked bonds and infrastructure). The CPPIB is making a major push into real estate, especially real estate in India.
704:
firms to be managed and used towards reaching the growth targets. For example, the CPP Investment Board hires private equity firms to help it invest in private companies, fund managers to help it invest in public equities, bond managers to assist in investing in
571:
In
December 2013, the Chief Actuary reaffirmed that the CPP is sustainable throughout the 75-year timeframe of his 2012 report. Over this long timeframe it is expected that there will be periods where returns are above or below this threshold.
855:
Historical information on the performance of assets available to the Canada
Pension Plan, and financial statements of the CPP Investment Board, can be found under the Quarterly Reports and Annual Reports section of the CPPIB's website.
399:
and reports annually through the
Minister of Finance. While accountable to Parliament, the CPP Investment Board is not controlled by the government or subject to government appointments, its employees and directors are not part of the
555:
In recent years, the CPPIB changed direction in its investment philosophy. It evolved from investing exclusively in non-marketable government bonds to passive index-fund strategies and, in 2006, to active investment strategies.
1241:
As worldwide concern for global climate change implications increasingly call on institutional divestment from fossil fuels, CPPIB has also been criticized for failing to do so, both on climate grounds and financial loss.
2909:
2487:
3068:
1918:
1931:
1258:
1238:
In 2009 executives of the Canada
Pension Plan Investment Board took a 31.4% cut in their bonuses after questions were raised about the level of compensation at the crown corporation.
583:
The CPPIB reserve fund receives its funds from the CPP and invests them like a typical large fund manager would. The CPP reserve fund seeks to achieve at least the projected return (
3108:
1277:
region. CPPIB CEO Mark Machin stated that the holdings are part of indices which CPPIB invests in and that those investments had been red-flagged for potential future divestment.
2982:
1670:
2411:
3098:
2051:
3088:
2008:
3113:
1720:
2480:
2443:
1745:
552:, CEO at the time, would not pinpoint a specific country or area. "Canada as a single market cannot accommodate the future growth of our organization," said Denison.
1168:³Increased fund value due to worker and employer CPP contributions not needed to pay current benefits. The negative investment return amounted to $ 303 million CAD.
3073:
1301:
1967:
568:, the CPP Fund needs a real rate of return of 4.0%, over the 75-year projection period in his report, to help sustain the plan at the current contribution rate.
2556:
1796:
3103:
1165:²Commencing in fiscal 2007, the rate of return reflects the performance of the CPP Fund which excludes the short-term cash required to pay current benefits.
3042:
2473:
2954:
2385:
2228:
1692:
1176:
3063:
1595:
1861:
700:
Using equity firms to assist in achieving targets for each asset class. The CPP reserve fund allocates certain amounts to various pre-qualified
1306:
2129:
1510:
614:. In 1997, the CPP fund was 100% invested in government bonds, but it has since diversified not only by asset class, but also internationally.
1938:
444:. The CPPIB invests in real estate and made their first direct office investment in Seattle in 2016. Notable investments include 50% of the
1493:
2154:
2026:
2776:
2771:
2102:
3093:
2679:
1770:
108:
2168:
1184:
1892:
1393:
2203:
548:, Europe and Asia. In addition, the CPPIB has been broadening the scope of its investments to include emerging markets, although
42:
2564:
2541:
1989:
502:
2357:
89:
3012:
2754:
1662:
1559:
46:
621:
theories, with diversification of investments as one of the objectives. The asset mix has evolved over the years as follows:
61:
3078:
3022:
2992:
1821:
1641:
3083:
3002:
2759:
2305:
1246:
738:
392:
376:
308:
151:
68:
2589:
2584:
2579:
2574:
2569:
2005:
590:
The CPP total assets are projected to reach the following levels according to the 2021 actuarial report: (in assets):
468:
2331:
2250:
2077:
1369:
755:
revealed it had signed an agreement with the Canada
Pension Plan Investment Board to sell its 46.1 percent stake in
544:
According to the 2013 Annual Report, about 63% of the fund's assets are now invested outside Canada, largely in the
2636:
506:
2412:"WSJ News Exclusive | Top Pension Fund Head Beat Canada's Covid-19 Vaccine Queue by Getting a Shot in Middle East"
829:
acquired the business-to-business accommodation wholesaler
Hotelbeds for a purchase price of around €1.3 billion.
35:
2846:
2796:
2734:
2694:
2641:
611:
75:
3032:
2949:
2944:
2052:"Canada Pension Plan Investment Board and The Broe Group Complete Acquisition of DJ Basin Oil & Gas Assets"
424:
1997, c. 40). Its sole investing mandate is to achieve a "maximum rate of return, without undue risk of loss."
401:
2272:
1585:
748:. CPPIB's equity investment was $ 1.8 billion and the total gross value of the properties was $ 4.8 billion.
1963:
575:
Consistent with the CPPIB's mandate to maximize investment returns without undue risk of loss, they pursue a
2929:
2924:
2879:
1453:
833:
565:
350:
234:
226:
57:
2631:
2939:
2904:
2801:
1697:
190:
1844:
2856:
2764:
331:
1331:
330:
28.1 billion between 2010 and 2014 alone. Despite being a Crown corporation, CPPIB is not considered a
1868:
2884:
2669:
2546:
1590:
1426:
1289:
796:
530:
405:
396:
339:
327:
255:
2959:
2821:
2729:
2724:
2720:
2674:
1192:
472:
368:
362:
316:
216:
2155:"Canada Pension Plan Investment Board to invest alongside KKR in acquiring stake in Axel Springer"
2934:
2894:
2831:
2826:
2664:
2437:
421:
388:
391:
to oversee the operations of the CPP reserve fund, and also to plan changes in direction. As a
2899:
2626:
2621:
2616:
2531:
2419:
490:
383:
82:
2739:
2608:
2519:
2015:, Canada's CPPIB to buy GE private equity lending arm for $ 12 billion, Reuters, 9 June 2015
1285:
1266:
837:
775:
771:
744:
In 2012 CPPIB acquired a 45% stake in ten shopping centers and two redevelopment sites from
618:
549:
534:
456:
437:
161:
128:
2919:
2841:
2689:
2651:
2526:
2500:
2012:
1254:
752:
745:
346:
300:
288:
244:
335:
2306:"A Fix for the Climate Polluting Canada Pension Plan : Friends of the Earth Canada"
2744:
2659:
2536:
2496:
1464:
1400:
848:
The performance and the market value of the CPP Fund is reported on a quarterly basis.
706:
482:
433:
323:
1332:"Canada Pension Plan chief resigns after getting vaccinated against COVID-19 in Dubai"
342:
and solely manages CPP contributions paid by workers and employers, not public funds.
3057:
2851:
2836:
2816:
2704:
2465:
2292:
1180:
800:
545:
460:
445:
2207:
2964:
2889:
2861:
2806:
2699:
815:
538:
1269:, which supply surveillance technology to the Chinese government used to repress
2749:
1990:"Altice's Deal to Buy Suddenlink May Be Prelude to Pursuit of Time Warner Cable"
1616:
1281:
1212:
767:
763:
734:
576:
526:
522:
479:
441:
416:
The CPP Investment Board's mandate is laid out in its founding legislation, the
379:
220:
24:
2914:
2684:
2386:"CPPIB challenged to divest from Chinese firms tied to abuses against Uyghurs"
782:
730:
137:
2423:
1693:"Court clears way for SNC-Lavalin to close $ 3.25B sale of stake in Hwy. 407"
2811:
1537:
1454:"The Impact of Sovereign Wealth Funds on the International Financial System"
1262:
1250:
723:
584:
498:
475:
464:
448:
860:
historical growth with the investment performance is tabulated as follows:
521:
John Graham is the current Chief Executive Officer of the CPPIB, replacing
494:
1746:"Top Canadian pension fund CPPIB to increase India public equity exposure"
2106:
1399:. Canada Pension Plan Investment Board. December 10, 2007. Archived from
1274:
486:
2103:"Canada Pension Plan and Wolf Midstream invest big in Alberta pipeline"
1797:"Canada Pension Fund CEO Mark Machin Resigns After U.A.E. Vaccine Trip"
1284:
resigned following a controversy surrounding his choice to receive the
1270:
819:
811:
756:
199:
195:
2273:"CPP Investment Board reports 0.29 per cent annual investment setback"
1394:"The CPP Fund and CPP Investment Board are not Sovereign Wealth Funds"
2514:
2332:"How not divesting from carbon economy has already hurt your pension"
1511:"CPP Investments to Invest in Italy's Digital Infrastructure Network"
1187:, meets with the Canada Pension Plan Investment Board (December 2020)
826:
789:
2027:"Encana sells Colorado assets to Broe Group partnership for $ 900M"
1311:
1175:
804:
719:
718:
CPPIB, as part of a consortium, first invested US$ 300 million in
701:
452:
1348:
1848:
722:
in September 2009. In May 2011 CPPIB sold its stake in Skype to
266:
2469:
2410:
McNish, Jenny Strasburg, Summer Said and Jacquie (2021-02-25).
2358:"Canada Pension Plan Knee-Deep In Unethical Fossil Fuel Stocks"
1919:
CPPIB scoops windfall as Microsoft buys Skype for $ 8.5-billion
387:
quarterly to the public on its performance, has a professional
353:
for the Canada Pension Plan on behalf of 22 million Canadians.
315:
to oversee and invest the funds contributed to and held by the
2169:"CPPIB Initially Commits 200 Million Toward Sharpooji Venture"
2078:"Encana Corp. completes sale of Denver-Julesburg Basin assets"
1721:"Some Canada Pension Plan investments that might surprise you"
840:. CPPIB's financial commitment will be at least €500 million.
18:
1849:
Office of the Superintendent of Financial Institutions Canada
774:
was also announced. The interest had been acquired in a 2012
729:
In 2009 CPPIB also invested in the $ 5.2-billion purchase of
1964:"Unibail sells German mall operator stake to Canada's CPPIB"
863:
493:. Other prominent investments are made in Indian companies
345:
As of June 30, 2024, the CPP Investment Board manages over
322:
CPP Investments is one of the world's largest investors in
1771:"CPP Investment Board reinforces ESG role with new policy"
1663:"CVC, Canada's CPPIB to buy Petco for about $ 4.6 billion"
1292:, whilst Canada was still struggling to acquire vaccines.
726:
for US$ 1.1 Bn before debt repayment, or US$ 933 million.
2460:
2198:
2196:
2194:
2192:
2190:
1795:
Strasburg, Jenny; McNish, Jacquie (February 26, 2021).
1259:
Canadian House of Commons Standing Committee on Finance
293:
Office d'investissement du régime de pensions du Canada
1617:"Canada Pension Plan Investment Board — June 27, 2012"
785:'s private equity lending portfolio for $ 12 billion.
2380:
2378:
2130:"TUI Group to Sell Hotelbeds Group for $ 1.3 Billion"
1370:"The World's Largest Private Equity Investors Are..."
832:
In October 2019, CPPIB announced to invest alongside
762:
In May 2015, the sale of a joint 70% investment with
814:-based Wolf Midstream Inc. purchased a 50% stake in
2870:
2789:
2713:
2650:
2607:
2598:
2555:
2507:
1261:for its indirect investments in two Chinese firms,
261:
251:
233:
210:
185:
167:
157:
147:
135:
49:. Unsourced material may be challenged and removed.
1845:Actuarial Report (31st) on the Canada Pension Plan
1162:¹Assets are as at the period end date (March 31).
788:In October 2015, CPPIB announced plans to acquire
607:The strategies used to achieve these targets are:
3069:Financial services companies established in 1997
759:shopping mall operator MFI AG for €394 million.
709:(within Canada and foreign bonds), and so forth.
1532:
1530:
1257:) criticized the CPPIB during a meeting of the
781:In June 2015, CPPIB announced it would acquire
489:, and 19.8% of multinational media corporation
2251:"CPP gained 18.7% last year, now worth $ 264B"
1921:. The Globe and Mail. Retrieved on 2013-07-26.
1657:
1655:
3109:Financial services companies based in Toronto
2481:
2295:. Financialpost.com. Retrieved on 2013-07-26.
2293:CPPIB exec bonuses to be cut by about a third
2204:"CPP Investment Board – Financial Highlights"
395:, the CPP Investment Board is accountable to
382:, the CPP Investment Board was created by an
8:
2983:Private equity and venture capital investors
2442:: CS1 maint: multiple names: authors list (
121:
1893:"CPP Investment Board - 2018 Annual Report"
1862:"CPP Investment Board – 2008 Annual Report"
1642:"CPPIB Buys its First Seattle Office Tower"
1488:
1486:
3099:Federal departments and agencies of Canada
3018:
2998:
2955:Taxation of private equity and hedge funds
2772:Private investment in public equity (PIPE)
2604:
2488:
2474:
2466:
1560:"CPP Reserve Fund Grows to $ 91.7 Billion"
1499:. CPP Investment Board. November 29, 2023.
127:
120:
3089:Investment management companies of Canada
109:Learn how and when to remove this message
3114:Employment and Social Development Canada
1011:
867:
624:
418:Canada Pension Plan Investment Board Act
313:Canada Pension Plan Investment Board Act
1914:
1912:
1323:
3074:Canadian companies established in 1997
2435:
1307:Public Sector Pension Investment Board
1302:Caisse de dépôt et placement du Québec
1996:, May 20, 2015. Retrieved 2015-05-21.
1673:from the original on 26 November 2015
1343:
1341:
7:
432:The CPP Investment Board invests in
281:Canada Pension Plan Investment Board
122:Canada Pension Plan Investment Board
47:adding citations to reliable sources
3104:Canadian federal Crown corporations
2356:Fillmore, Nick (14 November 2016).
372:creating the CPP Investment Board.
2025:Wallace, Alicia (8 October 2015).
1425:Smith, Brooke (December 4, 2007).
1368:Primack, Dan (November 16, 2015).
766:in U.S. cable television operator
737:and the $ 2.1-billion purchase of
501:, Embassy Office Parks, Eruditus,
363:Canada Pension Plan § History
14:
3038:
3037:
3028:
3027:
3017:
3008:
3007:
2997:
2988:
2987:
2978:
2977:
2392:. The Canadian Press. 2019-05-30
1970:from the original on 26 May 2015
1822:"Ten Years of Active Management"
529:resigned after traveling to the
240:
239:
23:
2229:"Equity markets Boost CPP Fund"
2173:Sovereign Wealth Fund Institute
1719:Mayers, Adam (April 14, 2016).
1646:Sovereign Wealth Fund Institute
1598:from the original on 2022-03-18
807:in a deal worth $ 4.6 billion.
564:According to the Office of the
503:Power Grid Corporation of India
311:established by way of the 1997
34:needs additional citations for
3064:1997 establishments in Ontario
2755:Publicly traded private equity
2206:. www.cppib.ca. Archived from
1988:Scott, Mark, and Emily Steel,
1867:. www.cppib.ca. Archived from
818:'s Access Pipeline located in
739:Macquarie Communications Group
1:
3023:List of venture capital firms
2076:Svaldi, Also (29 July 2016).
836:in acquiring stake in German
825:In September 2016, CPPIB and
541:was CEO until June 13, 2016.
16:Canadian pension fund manager
3003:List of private equity firms
2760:Business Development Company
2128:Bray, Chad (28 April 2016).
1851:. Accessed 16 November 2022.
1433:. Transcontinental Media G.P
795:In November 2015, CPPIB and
404:. CPPIB is a partner of the
375:Under the direction of then
1962:James Regan (15 May 2015).
1427:"Why the CPP is not an SWF"
469:International Towers Sydney
3130:
2847:High-net-worth individuals
2637:Leveraged recapitalization
507:SBI Life Insurance Company
360:
3094:Social security in Canada
2973:
2735:Limited liability company
2695:Venture capital financing
2642:Dividend recapitalization
467:office tower development
455:, 50% of American luxury
247:646.8 Billion (June 2024)
126:
1026:Rate of Return (annual)²
882:Rate of Return (annual)²
810:In July 2016, CPPIB and
714:Significant transactions
603:$ 3,562 billion by 2050.
600:$ 1,959 billion by 2040.
402:Public Service of Canada
2802:Institutional investors
1461:Financial System Review
566:Chief Actuary of Canada
351:assets under management
334:because it operates at
326:, having invested over
2940:Liquidation preference
2905:Distribution waterfall
2857:Sovereign wealth funds
1698:The Hamilton Spectator
1622:. Government of Canada
1566:. CPP Investment Board
1452:Gomes, Tamara (2008).
1280:The firm's former CEO
1188:
1021:Net Asset Value (CAD)¹
877:Net Asset Value (CAD)¹
597:$ 991 billion by 2030.
594:$ 671 billion by 2025.
525:on February 26, 2021.
304:
292:
173:; 26 years ago
171:December 31, 1997
3013:Venture capital firms
2765:Venture capital trust
1932:"CPPIB Press Release"
1185:Governor of São Paulo
1179:
770:for over US$ 9 Bn to
332:sovereign wealth fund
3079:Investment in Canada
2993:Private equity firms
2721:Private equity firms
2670:Post-money valuation
2547:Equity co-investment
2275:. The Canadian Press
1669:. 23 November 2015.
1591:World Economic Forum
1494:"2023 Annual Report"
1290:United Arab Emirates
1203:William ‘Mark’ Evans
797:CVC Capital Partners
531:United Arab Emirates
517:Future and direction
406:World Economic Forum
340:Government of Canada
256:Government of Canada
43:improve this article
3084:Canada Pension Plan
3043:Portfolio companies
2960:Undercapitalization
2812:Insurance companies
2730:Limited partnership
2675:Pre-money valuation
2416:Wall Street Journal
1801:Wall Street Journal
1648:. October 10, 2016.
1273:in China's western
1193:Heather Munroe-Blum
735:Texas Pacific Group
560:Growth and strategy
537:. Prior to Machin,
473:Ontario Highway 407
377:Minister of Finance
369:Canada Pension Plan
317:Canada Pension Plan
305:Investissements RPC
217:Heather Munroe-Blum
123:
2895:Capital commitment
2665:Business incubator
2632:Buy–sell agreement
2231:. Vancouversun.com
2134:The New York Times
2011:2015-10-10 at the
1594:. 5 October 2021.
1189:
1172:Board of directors
389:board of directors
3051:
3050:
2900:Capital structure
2785:
2784:
2627:Divisional buyout
2622:Management buyout
2617:Financial sponsor
2175:. 1 December 2014
1586:"CPP Investments"
1349:"CPP Investments"
1197:Sylvia Chrominska
1159:
1158:
1152:
1151:
1008:
1007:
697:
696:
491:Entertainment One
393:Crown corporation
384:Act of Parliament
309:Crown corporation
307:), is a Canadian
277:
276:
191:Queen Street East
152:Crown corporation
119:
118:
111:
93:
58:"CPP Investments"
3121:
3041:
3040:
3031:
3030:
3021:
3020:
3011:
3010:
3001:
3000:
2991:
2990:
2981:
2980:
2842:Commercial banks
2832:Investment banks
2740:Carried interest
2605:
2508:Investment types
2490:
2483:
2476:
2467:
2461:Official website
2448:
2447:
2441:
2433:
2431:
2430:
2407:
2401:
2400:
2398:
2397:
2382:
2373:
2372:
2370:
2368:
2353:
2347:
2346:
2344:
2342:
2328:
2322:
2321:
2319:
2317:
2302:
2296:
2290:
2284:
2283:
2281:
2280:
2269:
2263:
2262:
2260:
2258:
2247:
2241:
2240:
2238:
2236:
2225:
2219:
2218:
2216:
2215:
2200:
2185:
2184:
2182:
2180:
2165:
2159:
2158:
2151:
2145:
2144:
2142:
2140:
2125:
2119:
2118:
2116:
2114:
2099:
2093:
2092:
2090:
2088:
2073:
2067:
2066:
2064:
2062:
2048:
2042:
2041:
2039:
2037:
2022:
2016:
2003:
1997:
1986:
1980:
1979:
1977:
1975:
1959:
1953:
1952:
1950:
1949:
1943:
1937:. Archived from
1936:
1928:
1922:
1916:
1907:
1906:
1904:
1902:
1897:
1889:
1883:
1882:
1880:
1879:
1873:
1866:
1858:
1852:
1842:
1836:
1835:
1833:
1832:
1818:
1812:
1811:
1809:
1807:
1792:
1786:
1785:
1783:
1782:
1767:
1761:
1760:
1758:
1757:
1742:
1736:
1735:
1733:
1731:
1716:
1710:
1709:
1707:
1705:
1689:
1683:
1682:
1680:
1678:
1659:
1650:
1649:
1638:
1632:
1631:
1629:
1627:
1621:
1613:
1607:
1606:
1604:
1603:
1582:
1576:
1575:
1573:
1571:
1556:
1550:
1549:
1547:
1545:
1534:
1525:
1524:
1522:
1521:
1507:
1501:
1500:
1498:
1490:
1481:
1480:
1474:
1472:
1458:
1449:
1443:
1442:
1440:
1438:
1422:
1416:
1415:
1413:
1411:
1406:on June 17, 2009
1405:
1398:
1390:
1384:
1383:
1381:
1379:
1365:
1359:
1358:
1356:
1355:
1345:
1336:
1335:
1328:
1286:COVID-19 vaccine
1267:Dahua Technology
1206:Ashleigh Everett
1012:
868:
864:
838:Axel Springer SE
776:leveraged buyout
625:
619:asset allocation
617:Employing basic
535:COVID-19 vaccine
471:, 50.01% of the
457:department store
438:public companies
295:), operating as
273:
270:
268:
243:
242:
181:
179:
174:
162:Asset management
131:
124:
114:
107:
103:
100:
94:
92:
51:
27:
19:
3129:
3128:
3124:
3123:
3122:
3120:
3119:
3118:
3054:
3053:
3052:
3047:
3033:Angel investors
2969:
2920:High-yield debt
2873:financial terms
2872:
2866:
2781:
2709:
2690:Startup company
2646:
2600:
2594:
2551:
2503:
2501:venture capital
2494:
2457:
2452:
2451:
2434:
2428:
2426:
2409:
2408:
2404:
2395:
2393:
2384:
2383:
2376:
2366:
2364:
2362:HuffPost Canada
2355:
2354:
2350:
2340:
2338:
2330:
2329:
2325:
2315:
2313:
2304:
2303:
2299:
2291:
2287:
2278:
2276:
2271:
2270:
2266:
2256:
2254:
2249:
2248:
2244:
2234:
2232:
2227:
2226:
2222:
2213:
2211:
2202:
2201:
2188:
2178:
2176:
2167:
2166:
2162:
2153:
2152:
2148:
2138:
2136:
2127:
2126:
2122:
2112:
2110:
2109:. July 14, 2016
2101:
2100:
2096:
2086:
2084:
2082:The Denver Post
2075:
2074:
2070:
2060:
2058:
2050:
2049:
2045:
2035:
2033:
2031:The Denver Post
2024:
2023:
2019:
2013:Wayback Machine
2004:
2000:
1987:
1983:
1973:
1971:
1961:
1960:
1956:
1947:
1945:
1941:
1934:
1930:
1929:
1925:
1917:
1910:
1900:
1898:
1895:
1891:
1890:
1886:
1877:
1875:
1871:
1864:
1860:
1859:
1855:
1843:
1839:
1830:
1828:
1826:CPP Investments
1820:
1819:
1815:
1805:
1803:
1794:
1793:
1789:
1780:
1778:
1769:
1768:
1764:
1755:
1753:
1744:
1743:
1739:
1729:
1727:
1718:
1717:
1713:
1703:
1701:
1691:
1690:
1686:
1676:
1674:
1661:
1660:
1653:
1640:
1639:
1635:
1625:
1623:
1619:
1615:
1614:
1610:
1601:
1599:
1584:
1583:
1579:
1569:
1567:
1558:
1557:
1553:
1543:
1541:
1536:
1535:
1528:
1519:
1517:
1515:CPP Investments
1509:
1508:
1504:
1496:
1492:
1491:
1484:
1470:
1468:
1456:
1451:
1450:
1446:
1436:
1434:
1431:Benefits Canada
1424:
1423:
1419:
1409:
1407:
1403:
1396:
1392:
1391:
1387:
1377:
1375:
1367:
1366:
1362:
1353:
1351:
1347:
1346:
1339:
1330:
1329:
1325:
1320:
1298:
1255:Calgary Shepard
1236:
1229:Kathleen Taylor
1217:John Montalbano
1174:
1160:
1112:$ 497.2 Billion
1101:$ 409.6 Billion
1090:$ 392.0 Billion
1079:$ 356.1 Billion
1068:$ 316.7 Billion
1057:$ 278.9 Billion
1046:$ 264.6 Billion
1035:$ 219.1 Billion
1016:Date (March 31)
1001:$ 183.3 Billion
990:$ 161.6 Billion
979:$ 148.2 Billion
968:$ 127.6 Billion
957:$ 105.5 Billion
946:$ 122.7 Billion
935:$ 116.6 Billion
872:Date (March 31)
846:
753:Unibail-Rodamco
746:Westfield Group
716:
670:Private Equity
612:Diversification
562:
519:
430:
414:
365:
359:
349:646 billion in
297:CPP Investments
269:.cppinvestments
265:
224:
213:
206:
202:
177:
175:
172:
143:CPP Investments
140:
115:
104:
98:
95:
52:
50:
40:
28:
17:
12:
11:
5:
3127:
3125:
3117:
3116:
3111:
3106:
3101:
3096:
3091:
3086:
3081:
3076:
3071:
3066:
3056:
3055:
3049:
3048:
3046:
3045:
3035:
3025:
3015:
3005:
2995:
2985:
2974:
2971:
2970:
2968:
2967:
2962:
2957:
2952:
2947:
2942:
2937:
2932:
2927:
2922:
2917:
2912:
2907:
2902:
2897:
2892:
2887:
2882:
2876:
2874:
2868:
2867:
2865:
2864:
2859:
2854:
2852:Family offices
2849:
2844:
2839:
2837:Merchant banks
2834:
2829:
2824:
2819:
2814:
2809:
2804:
2799:
2793:
2791:
2787:
2786:
2783:
2782:
2780:
2779:
2774:
2769:
2768:
2767:
2762:
2752:
2747:
2745:Management fee
2742:
2737:
2732:
2727:
2717:
2715:
2711:
2710:
2708:
2707:
2702:
2697:
2692:
2687:
2682:
2677:
2672:
2667:
2662:
2660:Angel investor
2656:
2654:
2648:
2647:
2645:
2644:
2639:
2634:
2629:
2624:
2619:
2613:
2611:
2602:
2596:
2595:
2593:
2592:
2587:
2582:
2577:
2572:
2567:
2561:
2559:
2553:
2552:
2550:
2549:
2544:
2539:
2534:
2529:
2524:
2523:
2522:
2511:
2509:
2505:
2504:
2497:Private equity
2495:
2493:
2492:
2485:
2478:
2470:
2464:
2463:
2456:
2455:External links
2453:
2450:
2449:
2402:
2390:Financial Post
2374:
2348:
2323:
2297:
2285:
2264:
2242:
2220:
2186:
2160:
2146:
2120:
2094:
2068:
2043:
2017:
1998:
1981:
1954:
1923:
1908:
1884:
1853:
1837:
1813:
1787:
1775:Advisor's Edge
1762:
1737:
1711:
1684:
1651:
1633:
1608:
1577:
1551:
1526:
1502:
1482:
1465:Bank of Canada
1444:
1417:
1385:
1360:
1337:
1322:
1321:
1319:
1316:
1315:
1314:
1309:
1304:
1297:
1294:
1235:
1232:
1231:
1230:
1227:
1224:
1221:
1218:
1215:
1210:
1207:
1204:
1201:
1198:
1195:
1173:
1170:
1157:
1156:
1150:
1149:
1146:
1143:
1139:
1138:
1135:
1132:
1128:
1127:
1124:
1121:
1117:
1116:
1113:
1110:
1106:
1105:
1102:
1099:
1095:
1094:
1091:
1088:
1084:
1083:
1080:
1077:
1073:
1072:
1069:
1066:
1062:
1061:
1058:
1055:
1051:
1050:
1047:
1044:
1040:
1039:
1036:
1033:
1029:
1028:
1023:
1018:
1009:
1006:
1005:
1002:
999:
995:
994:
991:
988:
984:
983:
980:
977:
973:
972:
969:
966:
962:
961:
958:
955:
951:
950:
947:
944:
940:
939:
936:
933:
929:
928:
925:
924:$ 98.0 Billion
922:
918:
917:
914:
913:$ 81.3 Billion
911:
907:
906:
903:
902:$ 70.5 Billion
900:
896:
895:
892:
891:$ 55.6 Billion
889:
885:
884:
879:
874:
862:
845:
842:
715:
712:
711:
710:
695:
694:
691:
688:
685:
681:
680:
677:
674:
671:
667:
666:
663:
660:
657:
653:
652:
649:
646:
643:
642:Public Equity
639:
638:
635:
632:
629:
623:
622:
615:
605:
604:
601:
598:
595:
561:
558:
518:
515:
483:discount store
434:private equity
429:
426:
413:
410:
358:
355:
324:private equity
275:
274:
263:
259:
258:
253:
249:
248:
237:
231:
230:
214:
211:
208:
207:
204:
194:
193:, Suite 2500,
187:
183:
182:
169:
165:
164:
159:
155:
154:
149:
145:
144:
141:
136:
133:
132:
117:
116:
31:
29:
22:
15:
13:
10:
9:
6:
4:
3:
2:
3126:
3115:
3112:
3110:
3107:
3105:
3102:
3100:
3097:
3095:
3092:
3090:
3087:
3085:
3082:
3080:
3077:
3075:
3072:
3070:
3067:
3065:
3062:
3061:
3059:
3044:
3036:
3034:
3026:
3024:
3016:
3014:
3006:
3004:
2996:
2994:
2986:
2984:
2976:
2975:
2972:
2966:
2963:
2961:
2958:
2956:
2953:
2951:
2948:
2946:
2943:
2941:
2938:
2936:
2933:
2931:
2928:
2926:
2923:
2921:
2918:
2916:
2913:
2911:
2908:
2906:
2903:
2901:
2898:
2896:
2893:
2891:
2888:
2886:
2883:
2881:
2878:
2877:
2875:
2869:
2863:
2860:
2858:
2855:
2853:
2850:
2848:
2845:
2843:
2840:
2838:
2835:
2833:
2830:
2828:
2825:
2823:
2820:
2818:
2817:Fund of funds
2815:
2813:
2810:
2808:
2807:Pension funds
2805:
2803:
2800:
2798:
2795:
2794:
2792:
2788:
2778:
2775:
2773:
2770:
2766:
2763:
2761:
2758:
2757:
2756:
2753:
2751:
2748:
2746:
2743:
2741:
2738:
2736:
2733:
2731:
2728:
2726:
2722:
2719:
2718:
2716:
2712:
2706:
2705:Venture round
2703:
2701:
2698:
2696:
2693:
2691:
2688:
2686:
2683:
2681:
2678:
2676:
2673:
2671:
2668:
2666:
2663:
2661:
2658:
2657:
2655:
2653:
2649:
2643:
2640:
2638:
2635:
2633:
2630:
2628:
2625:
2623:
2620:
2618:
2615:
2614:
2612:
2610:
2606:
2603:
2597:
2591:
2588:
2586:
2583:
2581:
2578:
2576:
2573:
2571:
2568:
2566:
2565:Early history
2563:
2562:
2560:
2558:
2554:
2548:
2545:
2543:
2540:
2538:
2535:
2533:
2530:
2528:
2525:
2521:
2518:
2517:
2516:
2513:
2512:
2510:
2506:
2502:
2498:
2491:
2486:
2484:
2479:
2477:
2472:
2471:
2468:
2462:
2459:
2458:
2454:
2445:
2439:
2425:
2421:
2417:
2413:
2406:
2403:
2391:
2387:
2381:
2379:
2375:
2363:
2359:
2352:
2349:
2337:
2333:
2327:
2324:
2311:
2310:foecanada.org
2307:
2301:
2298:
2294:
2289:
2286:
2274:
2268:
2265:
2252:
2246:
2243:
2230:
2224:
2221:
2210:on 2012-07-15
2209:
2205:
2199:
2197:
2195:
2193:
2191:
2187:
2174:
2170:
2164:
2161:
2156:
2150:
2147:
2135:
2131:
2124:
2121:
2108:
2104:
2098:
2095:
2083:
2079:
2072:
2069:
2057:
2053:
2047:
2044:
2032:
2028:
2021:
2018:
2014:
2010:
2007:
2002:
1999:
1995:
1991:
1985:
1982:
1969:
1965:
1958:
1955:
1944:on 2017-11-16
1940:
1933:
1927:
1924:
1920:
1915:
1913:
1909:
1894:
1888:
1885:
1874:on 2012-02-12
1870:
1863:
1857:
1854:
1850:
1846:
1841:
1838:
1827:
1823:
1817:
1814:
1802:
1798:
1791:
1788:
1776:
1772:
1766:
1763:
1752:. 21 May 2021
1751:
1747:
1741:
1738:
1726:
1722:
1715:
1712:
1700:
1699:
1694:
1688:
1685:
1672:
1668:
1664:
1658:
1656:
1652:
1647:
1643:
1637:
1634:
1618:
1612:
1609:
1597:
1593:
1592:
1587:
1581:
1578:
1565:
1564:News Releases
1561:
1555:
1552:
1539:
1538:"Our History"
1533:
1531:
1527:
1516:
1512:
1506:
1503:
1495:
1489:
1487:
1483:
1479:
1466:
1462:
1455:
1448:
1445:
1432:
1428:
1421:
1418:
1402:
1395:
1389:
1386:
1374:
1371:
1364:
1361:
1350:
1344:
1342:
1338:
1333:
1327:
1324:
1317:
1313:
1310:
1308:
1305:
1303:
1300:
1299:
1295:
1293:
1291:
1287:
1283:
1278:
1276:
1272:
1268:
1264:
1260:
1256:
1252:
1248:
1245:In May 2019,
1243:
1239:
1233:
1228:
1225:
1222:
1219:
1216:
1214:
1211:
1209:Tahira Hassan
1208:
1205:
1202:
1199:
1196:
1194:
1191:
1190:
1186:
1182:
1178:
1171:
1169:
1166:
1163:
1155:
1147:
1145:$ 632 Billion
1144:
1141:
1140:
1136:
1134:$ 570 Billion
1133:
1130:
1129:
1125:
1123:$ 539 Billion
1122:
1119:
1118:
1114:
1111:
1108:
1107:
1103:
1100:
1097:
1096:
1092:
1089:
1086:
1085:
1081:
1078:
1075:
1074:
1070:
1067:
1064:
1063:
1059:
1056:
1053:
1052:
1048:
1045:
1042:
1041:
1037:
1034:
1031:
1030:
1027:
1024:
1022:
1019:
1017:
1014:
1013:
1010:
1003:
1000:
997:
996:
992:
989:
986:
985:
981:
978:
975:
974:
970:
967:
964:
963:
959:
956:
953:
952:
948:
945:
942:
941:
937:
934:
931:
930:
926:
923:
920:
919:
915:
912:
909:
908:
904:
901:
898:
897:
893:
890:
887:
886:
883:
880:
878:
875:
873:
870:
869:
866:
865:
861:
857:
853:
849:
843:
841:
839:
835:
830:
828:
823:
821:
817:
813:
808:
806:
803:pet supplier
802:
798:
793:
791:
786:
784:
779:
777:
773:
769:
765:
760:
758:
754:
751:In May 2015,
749:
747:
742:
740:
736:
732:
727:
725:
721:
713:
708:
703:
699:
698:
692:
689:
686:
683:
682:
678:
675:
672:
669:
668:
664:
661:
658:
656:Fixed Income
655:
654:
650:
647:
644:
641:
640:
636:
633:
630:
627:
626:
620:
616:
613:
610:
609:
608:
602:
599:
596:
593:
592:
591:
588:
586:
581:
578:
573:
569:
567:
559:
557:
553:
551:
550:David Denison
547:
546:United States
542:
540:
536:
533:to receive a
532:
528:
524:
516:
514:
510:
508:
504:
500:
496:
492:
488:
484:
481:
477:
474:
470:
466:
462:
461:Neiman Marcus
458:
454:
450:
447:
443:
439:
435:
427:
425:
423:
419:
411:
409:
407:
403:
398:
394:
390:
385:
381:
378:
373:
370:
364:
356:
354:
352:
348:
343:
341:
337:
333:
329:
325:
320:
318:
314:
310:
306:
302:
298:
294:
290:
286:
282:
272:
264:
260:
257:
254:
250:
246:
238:
236:
232:
228:
225:John Graham (
222:
218:
215:
209:
201:
197:
192:
188:
184:
170:
166:
163:
160:
156:
153:
150:
146:
142:
139:
134:
130:
125:
113:
110:
102:
91:
88:
84:
81:
77:
74:
70:
67:
63:
60: –
59:
55:
54:Find sources:
48:
44:
38:
37:
32:This article
30:
26:
21:
20:
2965:Vintage year
2890:Capital call
2862:Crowdfunding
2797:Corporations
2700:Venture debt
2427:. Retrieved
2415:
2405:
2394:. Retrieved
2389:
2365:. Retrieved
2361:
2351:
2339:. Retrieved
2335:
2326:
2314:. Retrieved
2309:
2300:
2288:
2277:. Retrieved
2267:
2255:. Retrieved
2245:
2233:. Retrieved
2223:
2212:. Retrieved
2208:the original
2177:. Retrieved
2172:
2163:
2149:
2137:. Retrieved
2133:
2123:
2111:. Retrieved
2097:
2085:. Retrieved
2081:
2071:
2059:. Retrieved
2055:
2046:
2034:. Retrieved
2030:
2020:
2001:
1993:
1984:
1972:. Retrieved
1957:
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480:South Korean
476:toll highway
431:
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186:Headquarters
148:Company type
105:
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41:Please help
36:verification
33:
2827:Foundations
2750:Pledge fund
2542:Secondaries
2367:22 December
2341:22 December
2316:22 December
2312:. June 2016
2087:22 December
2061:22 December
2056:Marketwired
2036:22 December
1992:, New York
1966:. Reuters.
1378:January 13,
1282:Mark Machin
1223:Mary Phibbs
1220:Barry Perry
1213:Chuck Magro
1200:Dean Connor
844:Performance
764:BC Partners
577:value-added
527:Mark Machin
523:Mark Machin
478:, 21.5% of
442:real estate
428:Investments
380:Paul Martin
221:chairperson
3058:Categories
2915:Envy ratio
2822:Endowments
2685:Seed money
2599:Terms and
2429:2022-06-15
2396:2020-07-02
2279:2008-05-22
2214:2008-02-17
1948:2017-11-16
1878:2008-06-24
1831:2023-08-12
1781:2023-08-12
1756:2022-03-24
1602:2022-11-06
1570:10 January
1520:2024-03-10
1354:2024-08-15
1318:References
1181:João Doria
783:GE Capital
768:Suddenlink
731:IMS Health
465:Australian
397:Parliament
361:See also:
212:Key people
178:1997-12-31
138:Trade name
69:newspapers
2885:Cap table
2790:Investors
2714:Structure
2532:Mezzanine
2520:Leveraged
2438:cite news
2424:0099-9660
1901:9 January
1730:April 15,
1704:12 August
1626:13 August
1544:13 August
1263:Hikvision
1251:Tom Kmiec
1234:Criticism
799:acquired
724:Microsoft
637:2018 mix
634:2013 mix
631:2008 mix
585:inflation
499:Delhivery
463:, 50% of
449:pet store
338:from the
2935:Leverage
2871:Related
2601:concepts
2336:CBC News
2253:. cbc.ca
2179:July 15,
2107:CBC News
2009:Archived
1968:Archived
1671:Archived
1596:Archived
1296:See also
1275:Xinjiang
1226:Boon Sim
801:American
487:Homeplus
446:American
158:Industry
2945:M&A
2652:Venture
2557:History
2527:Venture
2257:May 21,
2235:May 17,
2139:10 July
2113:July 7,
2006:Reuters
1677:30 June
1667:Reuters
1540:. CPPIB
1467:: 41–44
1373:Fortune
1288:in the
1271:Uyghurs
1115:+20.4%
1093:+11.1%
1071:+11.8%
1049:+18.7%
1038:+16.5%
1004:+10.1%
982:+11.9%
971:+14.9%
960:-18.6%
949:-0.29%
938:+12.9%
927:+15.5%
905:+10.3%
820:Alberta
812:Calgary
412:Mandate
357:History
319:(CPP).
262:Website
200:Ontario
196:Toronto
176: (
168:Founded
83:scholar
2910:EBITDA
2609:Buyout
2537:Growth
2515:Buyout
2422:
1974:18 May
1478:money)
1334:. CBC.
1154:
1148:+8.0%
1137:+1.3%
1126:+6.8%
1104:+9.9%
1082:+8.0%
1060:+3.4%
993:+6.6%
916:+8.5%
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790:Encana
772:Altice
757:German
702:equity
693:23.5%
690:16.5%
687:11.7%
679:20.3%
676:18.1%
673:10.9%
665:17.4%
662:33.3%
659:25.6%
651:38.8%
648:32.1%
645:51.8%
628:Asset
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485:chain
459:chain
451:chain
440:, and
301:French
289:French
205:Canada
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2725:funds
2590:2020s
2585:2010s
2580:2000s
2575:1990s
2570:1980s
1994:Times
1942:(PDF)
1935:(PDF)
1896:(PDF)
1872:(PDF)
1865:(PDF)
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1497:(PDF)
1457:(PDF)
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1397:(PDF)
1312:OMERS
943:2008³
805:Petco
733:with
720:Skype
707:bonds
509:etc.
453:Petco
285:CPPIB
252:Owner
90:JSTOR
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2777:SPAC
2723:and
2680:SAFE
2499:and
2444:link
2420:ISSN
2369:2017
2343:2017
2318:2017
2259:2015
2237:2013
2181:2014
2141:2018
2115:2017
2089:2017
2063:2017
2038:2017
1976:2015
1903:2021
1808:2021
1732:2016
1706:2019
1679:2017
1628:2012
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1380:2019
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1131:2023
1120:2022
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1087:2019
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