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Growth Equity

The Growth Equity team builds positions in the most attractive growth and venture backed companies by investing across a company’s lifecycle. The strategy is carried out through a combination of a thematic model and a partnership model leveraging the benefits of our GP relationships. We invest both directly and through co-investments in a wide range of next generation technologies and business models, focusing our direct investments in areas of high domain expertise. Among our thematic domains, we focus on direct investments within Innovations in Healthcare, Fintech, Climate Change Opportunities and Automobility. We invest primarily in North America and Europe, with direct investments ranging from investment sizes of $25M to $200M+ as we follow growth companies through their lifecycle.

Our Team

The Growth Equity team is comprised of over 15 experienced professionals with offices in Toronto and San Francisco. Here is a listing of all our senior team members, categorized and searchable by city.
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The Growth Equity team is comprised of over 15 experienced professionals with offices in Toronto and San Francisco. Here is a listing of all our senior team members, categorized and searchable by city.

Leon S. Pedersen

Managing Director, Head of Growth Equity

Leon is a seasoned investing professional, with global experience in growth equity investing at high-profile investment management organizations.

Prior to joining CPP Investments in 2019, he worked for 22 years at Nordea Investment Management, and most recently spent four years as Head of Equities for Denmark-based BI Asset Management. In 2003, Leon co-authored The Thematic Investment Process, which highlights several structural growth drivers still relevant today.

Leon holds BS and MS degrees from Copenhagen Business School in Denmark, and attended the executive program at Singularity University in California in 2013.

Paul McCracken

Managing Director, Growth Equity

Paul leads the Innovations in Health Care strategy for the Growth Equities team. Prior to that, he was responsible for building the health care team and leading the launch and scale-up of multiple health care strategies for CPPIB Active Equities.

Prior to joining CPP Investments in 2009, Paul was a Senior Vice President at Barclays Capital and Lehman Brothers in New York, leading the Health Care Desk-Based Analytics team for trading in public equities and equity derivatives. Previously, Paul held a series of positions in financial services, private start-up ventures, and strategy consulting.

Paul holds a B.A.H in Chemistry and English, a B.Sc.H in Chemistry, and a Ph.D. in Organic Chemistry from Queen’s University in Kingston, Ont.

Monica Adractas

Managing Director, Growth Equity

Monica leads investments in VC/Growth funds, passive co-investments and direct investments in tech. Monica joined CPP Investments in 2019 to build its new VC program and help establish a San Francisco office and presence for the fund in 2019. Monica has established capital partnerships with top-tier managers and made investments in over a dozen legendary companies across AI/ML, consumer, fintech, and enterprise/SaaS.

Prior to joining CPP Investments in 2019, Monica built and led innovation in high growth tech environments, including Facebook/Meta, Box, and Starbucks. Most recently she was Global Director at Workplace, an enterprise business she helped Facebook launch in 2016. Monica also spent 10 years with McKinsey & Company in San Francisco and New York.

Monica holds a BS in Economics from the Wharton School at the University of Pennsylvania, and an MBA from the Harvard Business School.

Monica currently serves on the board of Technoserve, an international development non-profit, and lives in the Bay Area with her husband and three children.

Caitlin Walsh

Managing Director, Growth Equity

Caitlin is responsible for investing in growth stage private companies exposed to long-term secular growth themes, managing the Automobility and Climate Change Opportunities strategies within Growth Equity.

Prior to joining CPP Investments in 2014, Caitlin led strategy consulting teams at Bain & Co. She also worked at Basswood Partners, a New York based hedge fund, and at Merrill Lynch.

Caitlin holds a BS in Mathematics from McGill University and an MBA from the University of Chicago Booth School of Business.

Our Private Equity Investments

We are invested globally in funds, secondaries and directly in private equity.
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