San Francisco, California (September 9,
2019) – Canada Pension Plan Investment Board today announced appointments to
its San Francisco office.
CPPIB’s San Francisco office was established to better
access investment opportunities and deepen relationships within the global technology
ecosystem. Announced in June 2019, the San Francisco office becomes the ninth
global location for CPPIB and its second U.S. location after New York.
“One of the pillars of our growth strategy
is to place a focus on technology and data and to better understand its impact
on our overall portfolio,” says Mark Machin, President and CEO, Canada Pension Plan Investment
Board. “Having a team of highly experienced investment professionals in the Bay
Area is a significant step towards delivering on this strategy.”
Among the first employees in CPPIB’s San
Francisco office are several important internal transfers from the Direct
Private Equity, Thematic Investing, Private Equity Funds and Portfolio Value
Creation investment departments.
In addition, Monica Adractas is joining CPPIB
as Head of Venture Capital Funds and will be responsible for
the development and implementation of the Venture Capital (VC) funds
program, leading teams in identifying opportunities, delivering on and managing
fund commitments across the VC market. Adractas brings a wealth of
expertise in building and leading innovation in high-growth tech environments,
having spent time at Facebook, Box, Starbucks and McKinsey. Most recently
she was Global Director at Workplace, an area of Facebook she helped launch in
2016.
“We are
excited about the great talent, both new and existing, who are going to build
CPPIB’s presence in San Francisco,” adds Machin. “In addition to gaining direct
access to a network of investment opportunities and exposure to an innovative
community, having people on the ground in San Francisco will also benefit the
broader enterprise through the sharing of advanced knowledge and thinking
coming out of the world’s largest innovation and tech ecosystem.”
CPPIB’s San Francisco office will eventually
have representatives from a number of key investment groups, including: Direct
Private Equity, Thematic Investing, Active Fundamental Equities, Research and
Innovation Group, Energy and Resources and Portfolio Value Creation.
About Canada Pension Plan
Investment Board
Canada Pension Plan Investment Board
(CPPIB) is a professional investment management organization that invests the
funds not needed by the Canada Pension Plan (CPP) to pay current benefits in
the best interest of 20 million contributors and beneficiaries. In order
to build diversified portfolios of assets, CPPIB invests in public equities,
private equities, real estate, infrastructure and fixed income
instruments. Headquartered in Toronto, with offices in Hong Kong, London,
Luxembourg, Mumbai, New York City, San Francisco, São Paulo and Sydney. CPPIB
is governed and managed independently of the Canada Pension Plan and at arm’s
length from governments. At June 30, 2019, the CPP Fund totaled C$400.6
billion. For more information about CPPIB, please visit www.cppib.com or
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Article Contacts
Darryl Konynenbelt
Director, Global Media Relations
T: +1 416 972 8389
dkonynenbelt@cppib.com