By applying our comparative advantages – scale, certainty of assets and our long investment horizon – our teams pursue the best opportunities worldwide.
Holdings
Focused on direct investments in private companies across North America and Europe.
Our Investments
Focused on venture funds, growth equity funds, passive co-investments and direct growth equity investments across North America and Europe.
Our Investments
Our Partners
Focused on private equity investments in the Asia Pacific region.
Our Investments
Our Partners
Pursuing investments in funds and minority direct investments in the Americas and Europe.
Our Investments
Our Partners
Investing in the North American, European and Latin American private equity secondary market.
Our Partners
99¢ Only Stores
Location: United States
Investment: US$1.6 billion acquisition enterprise value
Date of investment: 2012
99 Cents Only Stores is a premier deep-discount retailer that primarily carries name-brand consumable and general merchandise. 99 Cents Only Stores has over 350 outlets in California, Texas, Arizona, and Nevada.
ADB Safegate
Location: Belgium
Date of investment: 2017
ADB Safegate is a leading provider of integrated airfield guidance solutions for airports and airlines worldwide.
Aernnova
Location: Spain
Date of investment: 2018
Aernnova is a leading supplier of aero-structures and aircraft components.
Alpha Consumer Group
Location: France
Date of investment: 2016
Alpha Consumer Care is the combination of two over-the-counter (OTC) drug manufactures, Cooper and Vemedia. Cooper is an independent French OTC drug manufacturer and distributor to over 22,000 pharmacies across France. Vemedia is a pan-European OTC player with a strong presence in the Netherlands.
Anastasia Beverly Hills
Location: United States
Date of investment: August 2018
A prestige founder-led beauty brand that specialises in products for the brows, eyes, lips and face.
Ascend Learning
Location: United States
Date of investment: 2017
Ascend Learning is a leading provider of online educational content, software and analytics solutions serving institutions, students, and employers in healthcare and other high-growth, licensure-driven professions.
Ascot Group
Location: United Kingdom
CPP Investments Ownership: 100% (incl. management)
Date of investment: 2016
Ascot Group is CPP Investments’ property & casualty insurance platform, through which CPP Investments owns Ascot Underwriting (acquired in 2016), Ascot Re, and Ethos Specialty. Ascot Underwriting is a best-in-class property and casualty insurance underwriter with global specialty origination and underwriting capabilities operating in the Lloyd’s of London market. Ascot Group also owns and operates Ascot Re, an A-rated Bermuda reinsurer, and Ethos Specialty, a U.S.-based managing general agent. Ascot is a long-term platform investment for CPP Investments.
Asurion
Location: United States
Date of investment: 2007
Asurion is the global leader in technology support and protection, partnering with leading wireless carriers, retailers and pay-TV providers to drive customer adoption, engagement and loyalty. With more devices protected and supported than any other provider, Asurion’s 16,000 global employees support its 300+ million consumers around the world with an award-winning experience delivered through products and services that have set the standard in the industry.
Axel Springer
Location: Germany
Total Investments: €696m
Date of Investment: 2019
Axel Springer is a media and technology company that is active in more than 40 countries, providing information across its diverse leading classifieds portals (StepStone Group and AVIV Group) and media brands (among others Bild, Welt, Business Insider, Politico Europe).
Berlin Packaging
Location: United States
Investment: US$500 million
Date of investment: December 2018
Berlin is a leading hybrid packaging distributor of rigid packaging products, primarily focused on the US and serving a wide range of end markets, including food and beverage, personal and pet care, chemicals and, healthcare.
BGL
Location: United Kingdom
CPP Investments Ownership: 30%
Date of Investment: 2018
BGL is the U.K.’s leading disruptive digital distribution platform for personal lines insurance and household financial services. The company operates Comparethemarket.com, the U.K.’s leading price-comparison website, as well as an Insurance Distribution & Outsourcing unit, which creates, distributes, and manages insurance policies under some of the U.K.’s most well-known brands.
Blackhawk Network Holdings
Location: United States
Date of investment: 2018
Blackhawk operates a leading physical and digital gift card and prepaid payments network, connecting brands to retail distribution locations and online channels via its gift card processing system.
Brickman
Location: United States
Date of investment: 2013
Brickman Group, Ltd. is the leading provider of landscape maintenance and snow removal services in the United States, serving a diversified base of more than 10,000 clients.
Can Art Aluminum
Location: Canada
Date of investment: 2016
Can Art Aluminum is a leading provider of aluminum extrusion products in North America. The company manufactures and sells a variety of standard and customized aluminum extrusion profiles.
Cherwell Software
Location: United States
Date of investment: 2018
Cherwell provides IT service management (ITSM) platforms to enterprises, used to enter, track and fulfill all IT requests for internal IT teams.
CeramTec
Location: Germany
Total Investments: €800 million
Date of investment: March 2022
CeramTec is a leading global MedTech platform and provider of high-performance ceramics for medical implants and bespoke industrial solutions.
Cyxtera
Location: United States
Date of investment: 2017
Cyxtera is a leading provider of data center colocation, software-defined perimeter, cybersecurity and analytics solutions.
Diamond Resorts International
Location: United States
Date of investment: 2016
Diamond Resorts is a leading timeshare operator in the U.S., with an international portfolio of vacation destinations.
Diaverum
Location: Germany
Date of investment: 2007
Diaverum is one of the world’s leading providers of renal care and the largest independent service provider in Europe. Their experience in renal care dates back 20 years, when the first dialysis clinic in what is now Diaverum was established. Since then, Diaverum has been at the forefront of the renal service markets. Operations currently span 20 countries and serve a base of more than 26 000 patients.
DistroKid
Location: United States
Date of Investment: 2021
DistroKid is an independent music management platform that enables musicians to distribute, promote and monetize their music across digital service providers.
Dorna Sports Management
Location: Spain
CPP Investments Ownership: 39%
Date of investment: 2013
Dorna is an international sports management, media and marketing company that holds the global rights to organize the FIM Road Racing World Championship Grand Prix, known as MotoGP, and the FIM World Superbikes (SBK) Championship which, together, represent the two pre-eminent motorcycle racing series in the world.
Douglas Holding AG
Location: Germany
Date of investment: 2015
Douglas is the leading specialist retailer for beauty and cosmetics products in Europe, with operations in 19 countries. The company operates under the Douglas brand across Europe (ex France) and under the Nocibé brand in France.
Dynata
Location: United States
Date of investment: 2015
Dynata is one of the world’s leading providers of first-party data contributed by consumers and business professionals.
Endeavor
Location: United States
Investment: US$400 million
Date of investment: 2017
Endeavor (formerly known as WME|IMG) is a global leader in entertainment, sports and fashion operating in more than 30 countries. Named one of Fortune’s 25 Most Important Private Companies, Endeavor specializes in talent representation and management; brand strategy, activation and licensing; media production, sales and distribution; and event management.
Epicor Software Corporation
Location: United States
Date of investment: 2016
Epicor is a leading ERP software vendor, with a focus on the mid-market, serving the manufacturing, distribution, retail and automotive industry verticals.
Fieldwood Energy
Location: United States
Date of investment: 2013
Fieldwood is a Houston-based portfolio company of Riverstone Holdings LLC, and is focused on the acquisition and development of oil and gas assets in the Gulf of Mexico.
First Eagle
Location: United States
Date of investment: 2015
First Eagle is a value‐oriented, long‐only mutual fund platform focused on flexible, benchmark-agnostic, absolute return oriented investing which aims to provide clients with downside protection.
Galileo Global Education
Location: France
Date of investment: 2020
Galileo is a leading international provider of higher education with an offering that spans from applied arts, fashion, design and digital to business and medicine.
GEA Heat Exchangers
Location: Germany
Date of investment: 2014
GEA Heat Exchangers operates as a leading global manufacturer of heat exchangers for industrial applications. The business focuses on design, engineering, and manufacturing of parts integrated into larger systems and manufactures commercial HVAC systems.
FNZ
Location: United Kingdom
Total Investments: US$1.1 billion
Date of investment: 2022
FNZ is a global platform provider in the wealth management sector, partnering with over 650 of the world’s leading financial institutions and over 8,000 wealth management firms. With over 4,000 employees in 21 countries, FNZ combines technology, infrastructure and investment operations delivered via a state-of-the-art “platform-as-a-service” solution.
Hotelbeds Group
Location: Spain
Date of investment: 2016
Hotelbeds is the largest independent business-to-business (B2B) bedbank globally, offering hotel rooms to the travel industry from its inventory of 180,000 hotels in over 185 countries, to its customer base across more than 140 source markets.
Informatica
Location: United States
Investment: US$5.3 billion transaction value
Date of investment: 2015
Informatica is the leading independent provider of enterprise data integration software and services for enterprises globally.
Inmarsat
Location: United Kingdom
Investment: US$6.0 billion transaction value (25% ownership)
Date of investment: 2019
Inmarsat is the global leader in mobile satellite communications, powering global connectivity for four decades.
The company provides governments, commercial enterprises and humanitarian organisations with mission-critical voice and high-speed data communications on land, at sea and in the air.
International Car Wash Group
Location: United Kingdom
Date of investment: 2017
Leading independent conveyor car wash operator servicing more than 30 million cars annually across Europe, the United States and Australia.
Jimmy John’s
Location: United States
Date of investment: 2016
Jimmy John’s is a leading sandwich restaurant chain in the United States.
Lytx
Location: United States
Date of initial investment: 2020
Lytx is a leading provider of video telematics, analytics, safety and productivity solutions for commercial, public sector and field services fleets.
Merlin Entertainments
Location: Poole, UK (HQ)
Total Enterprise Value: £5.9 billion
Date of Investment: November 2019
In November 2019, a consortium of long-term investors comprising KIRKBI Invest A/S (“KIRKBI”), a wholly-owned subsidiary of KIRKBI A/S, the ultimate owner of the LEGO® brand, funds managed as part of Blackstone’s long-dated “Core” private equity strategy (“Blackstone”), and Canada Pension Plan Investment Board (“CPPIB”; together, the “Consortium”) closed the take-private acquisition of Merlin Entertainments plc (“Merlin” or the “Company”)
Merlin is a global leader in location-based, family entertainment. As Europe’s number one and the second largest visitors attraction business globally, Merlin now operates over 130 attractions, 19 hotels and seven holiday villages in 25 countries and across four continents.
Moly-Cop
Location: United States
Date of investment: 2016
Moly-Cop USA LLC manufactures and distributes grinding media products for the mining sector.
MultiPlan
Location: United States
Date of investment: 2016
MultiPlan is the largest independent claims processor and secondary preferred provider organization network in the U.S. healthcare market.
Mytheresa
Location: Headquartered in Germany
Date of investment: 2014
Mytheresa is a Munich-based luxury fashion e-commerce retailer. In January 2021, MYT Netherlands Parent B.V., the parent company of Mytheresa, began to trade on the New York Stock Exchange under the ticker MYTE following an initial public offering. Our investment in the company is held indirectly through MYT Holding LLC.
McAfee
Location: United States
Date of investment: 2022
McAfee Corp. is a global leader in cybersecurity and online protection for consumers. McAfee consumer solutions adapt to users’ needs in an always online world, empowering them to live securely through integrated, intuitive solutions that protect their families and communities.
Nouryon
Location: Netherlands
Date of investment: September 2018
Nouryon (formerly known as AkzoNobel Specialty Chemicals) is a leading global chemicals business serving diversified end markets.
Outsystems Holdings
Location: Portugal
Date of investment: 2018
OutSystems is a leading low-code software application development platform. Low-Code application development software is used as an alternative to traditional coding (i.e. Java, .Net, C++), designed to enable developers and business users to rapidly build and efficiently maintain sophisticated applications.
Parkdean Resorts
Location: United Kingdom
Date of investment: 2017
Parkdean Resorts is a leading operator of holiday parks in the U.K. and offers accommodations in caravans or lodges for rent or sale on the park’s respective pitches.
Paysafe Group
Location: United Kingdom
Date of investment: 2017
Paysafe Group Limited provides payment, e-wallet and processing solutions for small and medium-sized businesses and individuals across Europe, North America, and internationally.
Petco Health and Wellness Company, Inc.
Location: United States
Investment: US$4.6 billion transaction value
Date of investment: 2016
Petco is a leading specialty retailer of premium pet food, supplies and services, which operates more than 1,400 Petco locations across the U.S., Mexico and Puerto Rico. In January 2021, Petco began to trade on the NASDAQ under the ticker WOOF in an initial public offering. Our investment in the company is held indirectly through Scooby LP, a Delaware limited partnership.
Praesidiad
Location: Belgium
Date of investment: 2017
Praesidiad is a world market leader of force protection solutions, integrated perimeter security systems and industrial mesh production and fencing products.
PRO Unlimited
Location: United States
Date of investment: 2017
PRO Unlimited is a provider of vendor‐neutral, cloud‐based vendor management software (VMS) and managed services programs (MSP) for corporate contingent workforces.
Qlik
Location: United States
Date of investment: 2016
Qlik is a leading provider of next‐generation Business Intelligence software solutions for the Enterprise and SMB markets. Qlik offers products that allow business users to quickly analyze, visualize and prepare reporting data.
Red Ventures
Location: United States
Date of investment: July 2018
A technology-enabled and data-driven digital sales and marketing agency providing customer acquisition solutions to a number of large, consumer brands.
Refinitiv
Location: United States
Investment: US$20 billion acquisition enterprise value
Date of investment: September 2018
Refinitiv (formerly Thomson Reuters F&R) is a world-leading data and financial technology platform that provides critical information and data analytics, enables financial transactions, and connects communities of trading, investment, financial and corporate professionals. It also provides leading regulatory and risk management solutions to help customers anticipate and manage risk and compliance.
Solera Holdings
Location: United States
Date of investment: 2016
Solera Holdings, Inc. provides risk and asset management software and services to the automotive and property marketplace.
Sportradar
Location: Switzerland
Investment: EUR$2.1 billion acquisition enterprise value
Date of investment: October 2018
Sportradar is a global leader in understanding and leveraging the power of sports data and digital content for its clients around the world. The Company collects, processes, and distributes live sports-related data to media companies, bookmakers, sports federations and state authorities.
STADA
Location: Germany
Date of investment: 2017
STADA manufactures and markets pharmaceutical ingredients for the healthcare and pharmaceutical markets worldwide.
SUSE
Location: Germany
Date of investment: 2019
SUSE is a leading open-source software company that develops and sells infrastructure software to business customers.
Tech Data
Location: United States
Date of initial investment: 2020
Tech Data is one of the world’s largest technology distributors. It helps companies like HP, Apple, Cisco, Microsoft — and hundreds of others — bring their products to market and offers a wide range of technical and business support services.
Techem
Location: Germany
Date of investment: July 2018
A technology-enabled and data-driven digital
sales and marketing agency providing customer acquisition solutions to a number
of large, consumer brands.
Ultimate Software
Location: United States
Investment: US$11 billion Transaction
Value
Date of investment: 2019
Ultimate Software is a leading global provider of cloud-based human capital management and employee experience solutions. Ultimate’s award-winning UltiPro delivers human resources, payroll, talent, and time and labor management as well as HR service delivery solutions.
Veeam
Location: United States
Date of investment: 2019
Veeam is the global leader in cloud data management.
VelocityEHS
Location: United States
Date of investment: 2017
VelocityEHS is a leading provider of chemicals management and environmental health & safety (EHS) software.
Visma
Location: Norway
Date of investment: 2019
Europe’s leading cloud software solutions for businesses, organisations and the public sector – designed to make people work smarter.
Vistage
Location: United States
Date of Investment: 2018
Vistage is a leading member-based executive advisory and coaching organization.
Waymo
Location: United States
Date of investment: 2020
Waymo is a leading developer of autonomous vehicle technology. Founded in 2009 as the Google Self-Driving Car Project, the company is building the world’s most experienced driver.
Waystar
Location: United States
Date of Investment: 2019
Waystar provides next-generation, cloud-based technology that simplifies and unifies the healthcare revenue cycle.
West Corporation
Location: United States
Date of investment: 2017
West Corporation is a global provider of communication and network infrastructure services.
Wilton Re
Location: United States
CPP Investments Ownership: 100% (incl. management)
Date of investment: 2014
Wilton Re is a provider of life insurance and reinsurance solutions and a leading acquirer of closed blocks of life insurance policies in the U.S. This is a long-term platform investment for CPP Investments.
10x Future Technologies
Location: England
Date of initial investment: 2021
10x Future Technologies (10x) is a London-based financial technology company with a mission to move banks from monolithic to next-generation core banking solutions delivered through the world’s most comprehensive and powerful cloud native SaaS bank operating system. With its secure, reliable, scalable and modular core banking platform, 10x supports highly customisable product behaviours and accounting rules, integrates with banks’ wider technology estates and harmonises with local and regional compliance and regulatory requirements. 10x enables banks to deliver products, services and customer experiences to retail and SME customers faster and more cost effectively.
Aerospike
Location: United States
Date of investment: 2019
Database management system that facilitates fraud prevention, payments processing, secure messaging and analytics.
Aurora Innovation
Location: United States
Date of initial investment: 2019
Founded in 2017 by experts in the self-driving industry, Aurora is on a mission to deliver the benefits of self-driving technology safely, quickly, and broadly. To move both people and goods, the company is building the Aurora Driver, a platform that brings together software, hardware and data services to autonomously operate passenger vehicles, light commercial vehicles, and heavy-duty trucks.
Canalyst
Location: Canada
Date of initial investment: December 2021
Investment research platform that houses financial models built to replicate public equity investor models.
Carta
Location: United States
Date of investment: June 2021
Carta provides equity management solutions for private companies, primarily focused on helping companies, shareholders, employees, auditors, and counsel manage equity electronically.
Caris Life Sciences
Location: United States
Date of series D investment: 2021
Caris Life Sciences® is a leading innovator in molecular science and artificial intelligence (AI) focused on fulfilling the promise of precision medicine through quality and innovation. The company’s suite of market-leading molecular profiling offerings assesses DNA, RNA and proteins to reveal a molecular blueprint that helps physicians and cancer patients make more precise and personalized treatment decisions.
Chargepoint
Location: United States
Date of initial investment: 2018
ChargePoint is the world’s leading electric vehicle (EV) charging network, with tens-of-thousands of places to charge on its network around the world. Headquartered in Silicon Valley and with offices located across Europe, ChargePoint provides businesses, cities, agencies and service providers with charging solutions in every category EV drivers charge, at home, work, around town and on the road. ChargePoint is the only charging technology company on the market that designs, develops and manufactures hardware and software solutions across every use case. ChargePoint’s smart networked technology enables drivers to locate charging stations, start a charging session and monitor their session through the ChargePoint mobile app, creating a seamless experience for EV drivers.
Covariant
Location: United States
Date of investment: 2021
Provides universal artificial intelligence that allows robots to see, reason, and act on the world around them.
Clarifai
Location: United States
Date of initial investment: 2021
Clarifai is a leading computer vision, NLP, and deep learning AI lifecycle platform for modeling unstructured image, video, text, and audio data. It helps both public sector and enterprise customers solve complex use cases through object classification, detection, tracking, geolocation, visual search, and natural language processing. Clarifai offers on-premise, cloud, bare-metal and classified deployments. Founded in 2013, Clarifai is headquartered in New York City with more than 100 employees and offices in New York City, San Francisco, Washington, D.C., and Tallinn, Estonia.
Databricks
Location: United States
Date of initial investment: 2021
Databricks is the data and AI company. More than 5,000 organizations worldwide — including Comcast, Condé Nast, H&M, and over 40% of the Fortune 500 — rely on the Databricks Lakehouse Platform to unify their data, analytics and AI. Databricks is headquartered in San Francisco, with offices around the globe. Founded by the original creators of Delta Lake, Apache Spark™, and MLflow, Databricks is on a mission to help data teams solve the world’s toughest problems.
Deep Genomics
Location: Canada
Date of investment: 2021
Deep Genomics uses artificial intelligence and machine learning to program and prioritize transformational RNA therapies for almost any gene in any genetic condition. The platform, called the AI Workbench, enables Deep Genomics to decode vast amounts of data on RNA biology, identify novel targets for genetically defined diseases, and produce therapeutic programs with a high success rate. Almost everyone will suffer from a disease affected by genetics at some point in their life, and Deep Genomics aims to be there for them with a genetically precise therapy. Deep Genomics is located in Toronto, Ontario and Cambridge, Massachusetts.
DriveWealth
Location: United States
Date of initial investment: November 2021
Provider of a full-stack, API-first, brokerage infrastructure platform that enables self-directed brokers and robo-advisors to access the U.S. equities market and invest in real-time fractional shares.
Eikon Therapeutics
Location: United States
Date of investment: 2022
Biotechnology company applying advanced engineering and high-performance computing to the identification of new medicines.
Fabric
Location: Israel
Date of initial investment: 2019
Fabric is a logistics platform making on-demand fulfillment possible, profitable and sustainable for retailers, while powering their unique offerings. The company builds multi-tenant and private networks of automated micro-fulfillment centers and makes on-demand fulfillment profitable by locating these automated facilities close to end customers. The company’s solution has been deployed commercially since 2018 and is production-proven. Founded in 2015, Fabric has offices in Tel Aviv and New York.
Fusion
Location: United States
Date of initial investment: 2019
Fusion Pharmaceuticals is a clinical-stage biopharmaceutical company focused on developing targeted alpha therapeutics to treat cancer. Using its proprietary Fast-ClearTM Linker Technology platform, Fusion attaches medical isotopes to targeting molecules creating novel, next-generation cancer treatments. In preclinical studies, the Company has shown the ability to precisely target and effectively kill solid tumor cells, while minimizing impact to healthy tissue.
Hopin
Location: Global
Date of investment: 2021
All-in-one event management platform for virtual, hybrid, and in-person events
Hims
Location: United States
Date of investment: March 2020
Online telemedicine and direct-to-consumer platform that offers health and wellness products for men and women.
Insitro
Location: United States
Date of initial investment: 2020
Insitro is a data-driven drug discovery and development company using machine learning and data generation at scale to transform the way that drugs are discovered and delivered to patients. insitro’s approach focuses on the development of predictive machine learning models to be brought to bear on key bottlenecks in pharmaceutical R&D. The company has established enabling collaborations with Gilead in NASH and Bristol Myers Squibb in ALS. Founded in 2018, insitro is based in South San Francisco, CA.
Loft
Location: Brazil
Date of investment: 2021
Online real estate platform that facilitates homebuying and home financing in Brazil through an end-to-end transactional marketplace for real estate.
KoBold Metals
Location: United States
Date of investment: 2022
KoBold is using AI in mineral exploration to identify new battery mineral deposits, combining world leading geologists & explorers with top data scientists and software engineers. KoBold invests in exploration on its owned properties and in exploration with large mining partners.
Kry
Location: Sweden
Date of investment: 2021
Kry is the European leader in digital healthcare, providing patients with the means to see a doctor, nurse or psychologist via video or chat on their smartphone or tablet. Kry also combines digital with physical care transforming how millions of patients access healthcare. Since launching in early 2015, Kry has completed over 3 million patient meetings. Headquartered in Stockholm, Kry’s 600+ employees and 6000+ clinicians are committed to improving the world’s health through innovation, one patient at a time. Kry operates in Sweden, Norway and most recently Germany and also operates under the name Livi in the UK and France.
Laronde
Location: United States
Date of investment: 2021
Laronde is pioneering a platform that offers a completely novel way of modulating human biology. Endless RNA™ (eRNA), invented at Flagship Labs, is a uniquely engineered RNA that can be programmed to express diverse proteins inside the body. It is persistent, non-immunogenic, allows for repeat dosing, and offers flexibility in formulation and delivery. Laronde was founded in 2017 by Flagship Labs, the innovation foundry of Flagship Pioneering. The company is rapidly scaling to support the parallel development of multiple programs across many disease areas.
Lyell Immunopharma (LYEL US)
Location: United States
Date of investment: 2021
A T cell reprogramming company dedicated to the mastery of T cells to cure patients with solid tumours.
N26 GmbH
Location: Germany
Date of investment: 2022
N26 is a leading, modern European digital bank with a European banking license, state-of-the-art technology and no branch network.
Netskope
Location: United States
Date of initial investment: 2020
Netskope is a leading cloud security provider offering real-time data and threat protection when accessing cloud services, websites, and private apps from anywhere, on any device. Netskope takes a data-centric approach that empowers security teams with the right balance of protection and speed they need to secure their digital transformation journey. Founded in 2012 by leading cybersecurity executives, the company is based in Santa Clara, California and operates worldwide.
Plaid
Location: United States
Date of investment: 2021
Fintech platform that acts as middleware between financial institutions and third-party applications.
Perfect Day
Location: United States
Date of initial investment: 2020
Perfect Day. PCompany is on a mission to revolutionize how dairy products are made to create a kinder, greener world. Instead of relying on cows, the Bay Area startup utilizes fermentation in microflora to create proprietary ‘flora-made’ dairy protein. Perfect Day’s ingenious animal-free protein can be used across a range of products — from ice cream and milk to cheese and butter — to deliver the same taste and texture of dairy with none of the environmental, animal welfare, or food safety concerns. Foods made with Perfect Day protein can be labeled as vegan and lactose-free and are coming soon to a fridge near you as the company expands its network of food and dairy manufacturing partners.
Planet Labs
Location: United States
Date of investment: 2021
Planet Labs is the leading provider of global daily Earth data, with the highest frequency satellite data commercially available. Planet’s data is transforming the way companies and governments use satellite imagery data, delivering insights at the daily pace of change on earth. This differentiated data set powers decision-making in a myriad of industries including agriculture, forestry, mapping, and government. The fleet of over 200 earth imaging satellites, the largest in history, images the whole Earth land mass daily.
Scopely
Location: United States
Date of investment: 2019
Scopely is a leading interactive entertainment and mobile games company.
Procore
Location: United States
Date of investment: 2019
Provides a cloud-based construction project management software.
Sensibill
Location: Canada
Date of investment: 2019
Sensibill provides digital banking solutions that foster stronger relationships between financial institutions and their customers.
Redwood Materials
Location: United States
Year of initial investment: 2021
Redwood Materials is inventing sustainable materials to build the world by creating circular supply chains, turning waste into profit and solving the environmental impacts of new products before they happen. Founded by JB Straubel, the Nevada-based company is working to transform the lithium-ion battery supply chain by offering large-scale sources of domestic anode and cathode materials produced from recycled batteries, creating a fully-closed loop that will drive down the costs and environmental footprint of electric vehicles.
Sana Biotechnology (SANA US)
Location: United States
Date of investment: 2021
Biotechnology company focused on creating and delivering engineered cells as medicines.
Sigilon Therapeutics (SGTX US)
Location: United States
Date of investment: 2020
Biotechnology company that seeks to develop functional cures for chronic diseases through its Shielded Living Therapeutics™ platform.
Signifyd
Location: United States
Year of initial investment: 2021
Signifyd is an end-to-end Commerce Protection Platform that leverages its Commerce Network to maximize conversion, automate customer experience and eliminate fraud and customer abuse for retailers. Signifyd counts among its customers several companies on the Fortune 1000 and Digital Commerce 360 Top 500 lists. Signifyd is headquartered in San Jose, CA., with locations in Denver, New York, Mexico City, Belfast and London.
Sila Nano
Location: United States
Date of initial investment: 2019
Sila Nano is a battery technology company enabling lighter, safer and higher-energy-density batteries to support mass adoption of electric vehicles, smarter and longer-lasting portable electronics, and broader use of renewable power sources. The Company was founded in 2011 by Silicon Valley battery engineers and a Georgia Tech materials science professor.
Snowflake
Location: United States
Date of initial investment: 2020
Snowflake is a data warehousing company that offers cloud-based data storage and analytics services. The company’s cloud-built data platform provides enterprises with instant elasticity, secure data sharing, easily scalable data querying & extraction, and usage based payments across multiple clouds. Founded in 2012, Snowflake is headquartered in San Mateo, California and operates globally.
Turntide Technologies
Location: United States
Year of initial investment: 2021
Turntide Technologies develops breakthrough sustainability technologies that drive down energy consumption and operating costs in buildings, agriculture, and electric transport, creating a path to 100% renewable energy and business sustainability. The Turntide Smart Motor System is driven by a patented Turntide Optimal Efficiency Motor™ with intelligent automation and cloud connectivity. The Turntide technology advances sustainability goals, saves money, and improves sustainability throughout the enterprise.
Untether AI
Location: Canada
Year of Initial Investment: 2021
Untether AI, the leader in at-memory computation and AI inference acceleration. Untether AI provides ultra-efficient, high-performance AI chips to enable new frontiers in AI applications. By combining the power efficiency of at-memory computation with the robustness of digital processing, Untether AI has developed a groundbreaking new chip architecture for neural net inference that eliminates the data movement bottleneck that costs energy and performance in traditional architectures. Founded in Toronto in 2018, Untether AI is funded by Tracker Capital, Intel Capital, CPP Investments, and Radical Ventures.
Viking Cruises
Location: Bermuda
Date of initial investment: 2016
Viking Cruises is a leading provider of worldwide river and ocean cruises, operating more than 61 cruise vessels based in 44 countries. Serving travellers across North America, the U.K., Australia and, starting this year, China, Viking Cruises creates culturally immersive, destination-centric experiences for its customers. The company provides city-to-city itineraries that offer a wider range of cultural locales, with more destinations and time dedicated to shore excursions than traditional cruise lines.
Accel
Location: Global
Date of initial commitment: 2019
Global venture capital firm focused on early and growth-stage investments across North America, Europe, and India.
Dragoneer Investment Group
Location: United States
Date of initial commitment: 2018
Dragoneer is a global firm that invests in technology-enabled businesses.
Forerunner Ventures
Location: United States
Date of initial commitment: 2022
San Francisco-based VC firm that specializes in early stage investing in consumer and technology enabled businesses.
Greenoaks Capital
Location: Global
Date of Initial Commitment: 2021
Research-driven VC focused on growth-stage investments in Internet and technology-enabled businesses globally.
ICONiQ Strategic Partners
Location: United States
Date of initial commitment: 2018
ICONiQ pursues growth equity and late stage venture investments in high-growth technology businesses primarily in the US.
NewView Capital
Location: United States
Date of Initial commitment: September 2020
Growth-stage venture capital firm which spun out of New Enterprise Associates (NEA) in 2018 with the backing of CPPIB’s Secondaries team. NewView makes primary and direct secondary investments as well as selective portfolio acquisitions.
Radical Ventures
Location: North America
Date of initial commitment: 2019
Radical Venture is a venture capital firm investing in Technology and AI-focused companies. CPPIB has committed US$50 million to Fund II in 2019.
Ribbit Capital
Location: Global
Date of initial commitment: 2021
Global fintech investment firm primarily focused on VC investments across lending, personal finance, insurance, financial software, and crypto.
Sequoia Capital
Location: Global
Date of initial commitment: 2018
Global venture capital firm with a long history of investing in technology pioneers.
Adopt a Cow
Location: China
Date of investment: March 2022
An emerging vertically integrated dairy company in China with operations across dairy farming, milk processing and dairy product distribution under the brand “Adopt a Cow”.
Acko General Insurance
Location: India
Date of Investment: 2021
India’s only pure-play digital insurance platform and is focused on retail motor, health and micro insurance products.
AI Dream
Location: China
Date of Investment: 2021
The leading premium mattress player in China with two main brands under “Serta” and “King Koil”.
A Twosome Place
Location: Korea
Date of investment: 2018
A Twosome Place is a leading premium specialist coffee shop brand in Korea with top-of-mind brand recognition for cake and dessert offerings. Brown operates 942 directly owned and franchised stores, with 911 in Korea and 31 in China as of September 2017.
Accordia Golf
Location: Japan
Date of investment: 2017
Accordia Golf is a leading golf course operator in Japan.
Acuon Capital
Location: South Korea
Date of investment: 2019
Acuon Capital is a leading alternative lending platform in South Korea.
aiBank
Location: China
Date of investment: 2020
The first independent internet-based direct bank in China set up by CITIC Bank and an affiliate of Baidu Group.
Amcare Women’s and Children’s Spec Health
Location: China
Date of investment: January 2020
Amcare is a leading premium hospital group providing OB/GYN/Ped/IVF/postpartum care services in China. The Company is a clear leader in the premium obstetrics services in China, with ~40% market share in key cities including Beijing and Tianjin. It operates six hospitals and three postpartum care centres across Beijing, Tianjin, Hangzhou and Shenzhen, and has agreed to acquire San Diego Fertility Center (“SDFC”), a leading IVF center in California.
Atria Convergence Technologies
Location: India
Date of Investment: 2016
Atria Convergence Technologies is a leading provider of fixed-line broadband services in India.
Beijing Bytedance Technology
Location: China
Date of investment: August 2018
Bytedance is a leading internet content distribution platform in China, with growing presence overseas. The Company’s two core products are Toutiao and Douyin, the leading apps in news aggregation and short video social network, respectively (in terms of user base and daily time spent per user). Bytedance’s differentiation resides in the industry-leading artificial intelligence algorithm and its multi-format platform, which perpetuates user engagement and promotes cross-selling opportunities.
Beike
Location: China
Date of investment: December 2018 and November 2019
Beike is the leading integrated online and offline platform for housing transactions and services
Bluepha
Location: China
Date of investment: January 2022
A leading synthetic biology company in China focusing on the development and production of PHA, a type of biodegradable plastics that is fully degradable under natural environment.
China Merchants Loscam
Location: China
Date of investment: December 2018
China Merchants Loscam is a leading pooling and returnable packages solutions provider in Asia.
Chindex
Location: China
Date of investment: 2014
Chindex is a leading operator of premium hospitals and clinics in China.
CJ Rokin Logistics
Location: China
Date of investment: 2021
CJ Rokin Logistics is a leading integrated contract logistics company in China, operating in cold chain, chemical, and general cargo logistics.
CINIC
Location: China
Date of investment: March 2022
A leading high performance pigment manufacturer based in China.
Du Xiaoman Financial
Location: China
Date of investment: October 2018
Du Xiaoman Financial is an online consumer finance and wealth management platform carved out from China’s largest search engine provider, Baidu Group. It represents an attractive opportunity to invest into a scarce platform backed by one of China’s leading internet giants with extensive traffic, data and analytical capability.
EEO Group
Location: China
Date of Investment: 2020
EEO Group is a leading Chinese online education solution provider.
Eruditus Learning
Location: India
Date of investment: 2021
An Ed-Tech company that assists leading global universities to deliver online education globally.
Fangduoduo
Location: China
Date of investment: 2015
Fangduoduo is a leading real estate e-commerce platform that facilitates new- and secondary-home sales in China.
Flender GmbH
Location: Germany
Date of Investment: February 2021
Flender is a global leader in mechanical drive technology with a comprehensive product and service portfolio of gearboxes, couplings and generators across a broad range of industries.
Hangzhou UCO Cosmetics
Location: China
Date of Investment: February 2021
Hangzhou UCO Cosmetics is one of the largest e-commerce third-party services providers in China and a clear pure-play leader in the cosmetics vertical. Company provides end-to-end solutions to support the e-commerce operations of premium global cosmetics brands in China.
Happy Life Tech
Location: China
Date of investment: 2019
Happy Life Tech is a leading healthcare big data infrastructure and analytical platform in China.
HCP Global
Location: China
Date of investment: 2016
HCP Global Ltd. Is a leading cosmetic and skincare packaging provider based in China. The company designs, develops and produces packaging materials and solutions for the cosmetics and skincare industries.
Hexaware Technologies
Location: India/Cross-border
Date of investment: 2013
Hexaware is a leading global provider of IT, BPS and consulting services. The Company provides services to the financial services, healthcare, consumer, and manufacturing industries.
Homeplus
Location: South Korea
Date of investment: 2015
Homeplus is a leading operator of hypermarkets, supermarkets, and convenience stores in South Korea.
Indus Towers Limited
Location: India
Date of investment: 2017
Indus Towers Limited is the leading telecom tower provider in India. The company is formed by the merger of Bharti Infratel and Indus Towers.
Kakao M
Location: South Korea
Date of investment: March 2020
Kakao M provides entertainment services such as music distribution, music label, live shows, content production, talent agency and talk TV.
Kakao Japan
Location: Japan
Date of investment: 2021
Kakao Japan is the operator of Piccoma, the leading mobile app platform that distributes digital comics in Japan.
Kuaishou Technology
Location: China
Date of investment: January 2020
Kuaishou Technology is a leading mobile short video sharing and live streaming platform in China.
Langdi Pharmaceutical
Location: China
Date of Investment: 2021
The leading China over-the-counter medicine player focusing on calcium products.
McDonald’s China and Hong Kong businesses
Location: China
Date of investment: 2017
McDonald’s is one of the most well-recognized western quick service restaurant brands in China and Hong Kong, with a diversified footprint of over 3,500 stores.
Navitas Limited
Location: Australia
Date of investment: 2019
Navitas is a global leader in university pathway programs operating across Australia, Canada and the UK.
Meituan-Dianping
Location: China
Date of investment: 2016
Meituan-Dianping is the largest online-to-offline local services platform in China. The company offers group buying, online restaurant reservation, take out service, e-coupon promotions, and other O2O services.
Neusoft Medical Systems
Location: China
Date of investment: 2014
Neusoft Medical Systems is a leading digital medical imaging equipment provider in China and has successfully developed a series of medical imaging products, such as CT, MRI, X-Ray, Ultrasound and PET.
NIIT Technologies
Location: India
Date of Investment: October 2019
Knight is a leading Indian IT services company with a focus on the insurance, travel and banking verticals for clients worldwide. It offers application development and maintenance, infrastructure management services, digital capabilities and business process outsourcing.
Nord Anglia Education
Location: Hong Kong
Investment: US$1.3 billion
Date of investment: 2017
Nord Angelia Education is a leading global premium private school operator headquartered in Hong Kong. It has a network of 66 K-12 schools in 29 countries across North America, Asia, Europe, and the Middle East.
QCraft
Location: China
Date of investment: 2021
An emerging L4 autonomous vehicles company in China.
Shanghai Baosteel Gases
Location: China
Date of investment: January 2019
Shanghai Baosteel Gases is a leading domestic independent industrial gas supplier in China, operating five main business segments: pipeline and liquid gas, syngas, hydrogen, industrial exhaust recycling, and packaged gas.
Sichuan Jinxin Fertility Company Limited
Location: China/United States
Date of investment: 2019
Sichuan Jinxin Fertility Company Limited (“Jinxin Fertility”) is an international professional services organization in the field of assisted reproductive technology. Its subsidiaries include Chengdu Xinan, Shenzhen Zhongshan and US-based HRC, which are three assisted reproductive technology centers.
Sogo Medical Holdings
Location: Japan
Date of investment: January 2020
Sogo Medical is a leading Japanese publicly listed dispensing pharmacy and medical support service provider.
Shanghai Stroke Care Medical Technologies
Location: China
Date of investment: 2020
An emerging leader among domestic medical device companies in China, focusing on the development and commercialization of neuro intervention medical devices for the prevention and minimal invasive treatment of stroke.
Spark Education
Location: China
Date of Investment: January 2021
Spark Education is a leading China K-12 online mathematical and logic tutoring platform, providing small class live streaming courses with extensive interactive animations targeting pre-school and primary school students.
Star Charge
Location: China
Date of investment: 2021
Star Charge is the #1 EV charging port manufacturer and a top 3 EV charging station operator in China.
Think & Learn Private Limited (BYJU’S)
Location: India
Date of investment: December 2018
BYJU’S is amongst the world’s leading ed-tech companies that’s driving disruption in the traditional K-12 education market with an app-based product that integrates content, media and technology. With a focus on conceptual and personalized learning, BYJU’S has created a highly respected brand in India, which has driven strong adoption, propensity to pay and high renewal rates. BYJU’S is also well placed to drive growth through unique opportunities, including expansion outside India. With ~30 million downloads and ~2 million paid users, BYJU’S is ushering in a new era of learning for school-going students.
Ticket Monster
Location: South Korea
Date of investment: 2015
Ticket Monster is a leading curation-based social commerce platform in South Korea. The company sells retail goods and services online and through its mobile app.
TRY Group
Location: Japan
Date of Investment: 2021
The largest one-on-one tutoring services provider in Japan.
Virtusa
Location: US
Date of Investment: February 2021
Virtusa is an Indian IT services company that provides digital engineering, consulting and traditional IT engineering outsourcing services to Fortune 500 clients.
CPP Investments has a board seat.
Yingde Gases Croup Co., Ltd.
Location: China
Date of investment: 2017
Yingde Gases Group is China’s leading independent supplier of industrial gases.
Ver Se Innovation
Location: India
Date of investment: 2022
India’s largest online platform for vernacular content.
Zhangmen
Location: China
Date of investment: September 2020
Zhangmen is a leading online AST provider in China, offering multi-subject one-on-one tutoring service to K-12 students through its big data empowered technology platform.
Zenex Animal Health
Location: India
Date of investment: 2021
India’s leading animal health business focused on livestock and poultry segments. Multiples led consortium carved out Zydus Cadila’s animal health division and re-branded the division as Zenex.
A91 Partners
Location: India
Total Investments: US$50 million
Date of Investment: 2021
A91 Partners is an Indian venture growth investor spun off from Sequoia India in 2018, focusing on minority investments in technology-enabled companies. CPP Investments committed US$50 million to A91 Partners Emerging Fund II in 2021.
Anchor Equity Partners
Location: South Korea
Commitment: US$600 million
Date of initial investment: 2013
Anchor Equity Partners is a mid-market, Korea-based private equity firm focused on buyout and growth opportunities. CPPIB committed US$125 million to AEP I in 2013, US$200 million to AEP II in 2015 and US$275 million to AEP III in 2018.
Archer Capital
Location: Australia
Commitment: A$116 million
Date of initial investment: 2011
Archer Capital is a mid-market, Australia-based private equity firm focused on buyout opportunities. CPPIB committed A$116 million to Archer Fund 5 in 2011.
Bain Capital
Location: Global
Total Investment: €350 million; US$795 million; JPY 6 billion
Date of initial investment: 2014
Bain Capital is a global private equity firm focused on buyout opportunities. CPPIB committed €175 million to Bain Capital Europe IV in 2014, US$270 million to Bain Capital Asia III in 2015, US$250 million to Bain Capital Fund XII in 2017, €175 million to Bain Capital Europe V in 2018, US$275 million to Bain Capital Asia IV in 2018 and JPY 6.0 billion to the Bain Capital Japan Middle Market Fund in 2021.
Baring Asia Private Equity
Location: Asia
Commitment: US$1,535 million
Date of initial investment: 2010
Baring Asia Private Equity is a mid-market, pan-Asian private equity firm focused on buyout and growth opportunities. CPPIB committed US$100 million to Baring Asia Fund V in 2010, US$335 million to Baring Asia Fund VI in 2014, US$500 million to Baring Asia Fund VII in 2018 and US$600 million to Baring Asia Fund VIII in 2021.
BGH Capital
Location: Australia
Total Investments: A$530 million
Date of initial investment: 2018
BGH Capital is an Australia-based private equity firm focused on control transactions. CPP Investments committed A$200 million to BGH Capital Fund I in 2018 and A$330 million to BGH Capital Fund II in 2021.
CDH
Location: China
Commitment: US$350 million
Date of initial investment: 2009
CDH is a mid-market, China-based private equity firm focused on buyout and growth opportunities. CPPIB committed US$150 million to CDH IV in 2009 and US$200 million to CDH V in 2013.
CITIC Capital Partners
Location: China
Commitment: US$660 million
Date of initial investment: 2007
CITIC Capital Partners is a mid-market, China-based alternative investment manager with its core business in private equity. CPPIB committed US$50 million to CITIC Capital China Partners I in 2007 and US$175 million to CITIC Capital China Partners II in 2009, US$175 million to CITIC Capital China Partners III in 2016 and US$260 million to CITIC Capital China Partners IV in 2018.
CVC Capital Partners
Location: Global
Commitment: US$535 million
Date of initial investment: 2014
CVC Capital Partners is a large, global private equity firm focused on buyout opportunities. CPPIB committed US$260 million to CVC Asia Pacific IV in 2014, and US$275 million to CVC Asia Pacific V in 2019.
DCP Capital
Location: Greater China
Total Investments: US$150 million
Date of Investment: 2021
DCP was founded in 2017 by David Liu and Julian Wolhardt, who are former partners of KKR Asian’s China team. It focuses on large buyout and significant minority transactions across Greater China with an emphasis on operational value creation. CPP Investments committed US$150 million to DCP Capital Partners II in 2021.
DST Global
Location: Global
Commitment: US$325 million
Date of initial investment: 2015
DST Global is a global investment firm focused on late-stage consumer internet companies. CPPIB committed US$225 million to DST Global V and US$100 million to a co-investment side-car alongside DST Global V in 2015.
FountainVest
Location: China
Commitment: RMB 5.6 billion and USD$400 million
Date of initial investment: 2007
FountainVest is a mid-market, China-based private equity firm focused on buyout and growth opportunities. CPP Investments committed RMB 1.5 billion to FountainVest I in 2007, RMB 1.8 billion to FountainVest II in 2012, RMB 2.3 billion to FountainVest III in 2016, and USD$400 million to FountainVest IV in 2020.
Genesis Capital
Location: China
Total Investments: US$300 million
Date of initial investment: 2019
Founded in 2015, Genesis Capital focuses on early stage growth/VC investments in China. The firm is led by Richard Peng, the former head of Tencent’s investment team. CPP Investments committed US$100 million to Genesis Capital II in 2019 and US$200 million to Genesis Capital III in 2021.
Hony Capital
Location: China
Commitment: US$275 million
Date of initial investment: 2008
Hony Capital is a mid-market, China-based private equity firm focused on buyout and growth opportunities. CPPIB committed US$75 million to Hony IV in 2008 and US$200 million to Hony V in 2011.
Hopu Investments
Location: China
Commitment: US$150 million
Date of investment: 2014
Hopu Investments is a mid-market, China-based private equity firm focused on buyout and growth opportunities. CPPIB committed US$150 million to Hopu USD Master Fund II in 2014.
Hillhouse
Location: China
Commitment: US$1.4 billion
Date of investment: 2014
Hillhouse is a leading China-focused equity manager that pursues a fundamental, research-intensive investment model in both public and private markets. CPP Investments committed US$200 million to Fund II in 2014, US$300 million to Fund III in 2016, US$450 million to Fund IV and related vehicles in 2018, US$350 million to Fund V series in 2020, and US$100 million to Hillhouse Venture Fund VI in 2022.
Kedaara Capital
Location: India
Total investment: US$75 million
Date of investment: 2021
Kedaara Capital is a leading India PE firm pursuing control buyouts and minority growth investments in mid-cap companies, with a keen focus on creating value through operational and strategic improvements.
Kohlberg Kravis Roberts & Co.
Location: Global
Commitment: US$1.075 billion
Date of initial investment: 2007
Kohlberg Kravis Roberts & Co. is a large, global private equity firm focused on buyout and growth opportunities. CPPIB committed US$350 million to KKR Asian I in 2007, US$400 million to KKR Asian II in 2012 and US$325 million to KKR Asian III in 2017.
Website
Lilly Asia Ventures
Location: China/US
Total Investments: US$78 million
Date of Investment: 2021
Established in 2008, Lilly Asia Ventures is a pioneer in China biomedical investing with deep expertise and a strong track record in its core sectors of pharma therapeutics, medtech, and diagnostics. CPP Investments committed US$50 million to Lilly Asia Ventures Fund VI in 2021 and upsized US$28 million in the same year.
MBK Partners
Location: South Korea
Commitment: US$1.5 billion
Date of initial investment: 2008
MBK Partners is a mid-market, Korea-based private equity firm focused on buyout opportunities. CPP Investments committed US$200 million to MBK II in 2008, US$300 million to MBK III in 2012, US$450 million to MBK IV in 2016, and US$500 million to MBK V in 2019.
Lyfe Capital
Location: China and United States
Commitment: US$250 million
Date of initial investment: 2019
Lyfe Capital is a healthcare dedicated manager focusing on investments in growth and early growth stage companies in Greater China and the US across therapeutics, medical devices, diagnostics, and other new emerging themes. CPPIB committed US$100 million in Lyfe Capital Fund III in 2019 and US$150 million to Lyfe Capital Fund IV in 2022.
Meituan Long-Z
Location: China
Total Investments: US$100 million
Date of Investment: 2021
Long-Z was founded in 2017 by Xing Wang (Meituan’s founder & CEO) to focus on venture/growth stage investments within consumer/new economy and 2B SaaS/advanced technology sectors in China. CPP Investments committed US$100 million to Meituan Long-Z Fund I in 2021.
Multiples
Location: India
Commitment: US$320 million and INR 4.4 billion
Date of initial investment: 2010
Multiples Alternate Asset Management is a mid-market, India-based private equity firm focused on buyout and growth opportunities. CPP Investments committed INR 4.4 billion to Multiples I in 2010, US$200 million to Multiples II in 2015, and US$120 million to Multiples III in 2019.
NewQuest Capital
Location: China
Commitment: US$125 million
Date of initial investment: 2019
NewQuest Capital is a specialty secondaries firm formed in 2011 through the spin-out of four partners from Bank of America Merrill Lynch’s Asia private equity team. NewQuest focuses on complex secondary direct transactions and fund solution/restructurings in the Asian market. CPPIB committed US$125 million to NewQuest Asia Fund IV in 2019.
PAG Asia Capital
Location: Asia
Date of initial investment: 2015
Commitment: US$655 million
PAG Asia Capital is the private equity platform of PAG, an independent pan-Asian alternative investment manager. CPPIB committed US$275 million to PAG Asia II in 2015 and US$380 million to PAG Asia III in 2018.
Polaris Capital
Location: Japan
Commitment: JPY 13.8 billion
Date of initial investment: 2019
Polaris Capital is a mid-market, Japan-based private equity investor that focuses on control-oriented investments. CPP Investments committed up to JPY 13.8 billion (~US$125 million) to Polaris Capital V in 2019.
Sequoia Capital
Location: China/United States
Commitment: US$345 million
Date of initial investment: 2018
Sequoia Capital is a leading technology franchise with a long history of investing in technology pioneers that have grown to become household names today. CPP Investments committed US$295 million to Sequoia Capital Global Growth Fund III, US$43 million to Sequoia Capital China Growth Fund V and US$7 million to Sequoia Capital U.S. Growth Fund VIII in 2018.
Texas Pacific Group
Location: Global
Commitment: US$550 million
Date of initial investment: 2007
Texas Pacific Group is a large, global private equity firm focused on buyout and growth opportunities. CPPIB committed US$350 million to TPG Asia V in 2007 and US$200 million to TPG Asia VI in 2014.
The Blackstone Group
Location: Global
Commitment: US$5.0 billion
Date of initial investment: 2001
The Blackstone Group is a leading global investment firm focused on buyout opportunities. With a long relationship dating back to 2001, CPPIB has recently committed US$1.1 billion to BCP VIII in 2019, US$1 billion to Blackstone Core Fund II in 2020, and US$125 million to BCP Asia II in 2021.
TPP
Location: China
Commitment: US$400 million
Date of initial investment: 2017
TPP is sponsored by Tencent Holdings and invests alongside Tencent’s principal capital in technology and technology enabled companies in China across late VC, growth, and pre-IPO stages. CPPIB committed US$100 million to TPP Fund I in 2017, and US$300 million to TPP Fund II in 2019.
True North
Location: India
Commitment: US$200 million
Date of initial investment: 2015
True North is an India-based private equity firm focused on control, and selectively, growth opportunities. CPPIB committed US$75 million to True North Fund V in 2015 and US$125 million to True North Fund VI in 2017.
Trustbridge Partners
Location: China
Commitment: US $675 million
Date of initial investment: 2015
Trustbridge Partners is a mid-market, China-based private equity firm focused on buyout and growth opportunities. CPPIB committed US$150 million to Trustbridge Partners V in 2015, US$225 million to Trustbridge Partners VI in 2017 and US$300 million to Trustbridge Partners VII in 2020.
Warburg Pincus
Location: Global/China
Commitment: US$300 million
Date of initial investment: 2016
Warburg Pincus is a large, global private equity firm focused on growth opportunities. CPPIB committed US$100 million to Warburg Pincus China in 2016 and US$200 million to Warburg Pincus China-Southeast Asia II in 2019.
AddSecure
Location: Sweden
Date of Investment: 2019
Provider of communications solutions for alarm, security and building infrastructure industries in Europe.
Aldevron
Location: United States
Date of Investment: 2019
Supplier of plasmid DNA, a critical raw material used in cell and gene therapies.
Artisan Design Group
Location: United States
Date of investment: 2019
Artisan Design Group is a
US-based dealer of flooring products and services, providing design,
procurement, installation and quality control of flooring and complementary
products for home builders.
Authentic Brands Group
Location: United States
Total Investment: US$50 million
Date of Investment: December 2021
Development and licensing business that owns a portfolio of over 50 lifestyle, sports, celebrity and entertainment brands.
Bad Boy
Location: United States
Date of Investment: 2019
Manufacturer of high-performance mowers.
BCA Marketplace
Location: United Kingdom
Date of Investment: 2019
Used car marketplace owner and operator in the UK and Europe.
Benevity
Location: Canada
Total Investments: US$30 million
Date of Investment: January 28, 2021
Provider of charitable donation, grant and volunteer management SaaS for corporate customers.
CRF Bracket
Location: United States/United Kingdom
Date of investment: August 2018
CRF Bracket develops electronic clinical outcome assessment solutions for home and site-based phase I-IV clinical trials for various therapeutic areas and patient populations in the United States and internationally.
Confluent
Location: United States
Total Investments: US$50 million
Date of investment: February 2022
Contract development and manufacturing partner specializing in metal processing and biomedical textile development for medical devices.
Edelman Financial Services
Location: United States
Date of investment: 2018
Edelman Financial is a nationally branded, independent, registered investment advisor that provides integrated financial planning and wealth-management services to consumers.
Electronics for Imaging
Location: United States
Date of investment: 2019
EFI is a global provider of industrial printers, proprietary inks, production software and networked printing devices.
Entertainment Partners
Location: United States
Date of investment: 2019
Entertainment Partners is a provider of human capital management solutions to production companies in the TV, film and entertainment industry.
GlobalTranz
Location: United States
Date of investment: 2019
GlobalTranz is a US-based freight brokerage technology company serving the domestic 3rd party logistics market.
Good2Grow
Location: United States
Date of investment: November 2018
Good2Grow is a kids’ beverage company that sells 100% RTD fruit/vegetable juice and fortified water with 3-dimensional toppers that feature licensed movie/cartoon characters.
HG Insights
Location: United States
Date of investment: December 2020
Provider of proprietary tech install, tech spending, contract intelligence, and market research to software companies in North America and Europe.
Independent Vetcare Group
Location: United Kingdom
Date of investment: 2019
Independent Vetcare Group is a veterinary services firm based in the UK and with operations across Europe.
Industrious National Management
Location: United States
Date of investment: 2019
US-based network of premium co-working spaces and related outsourced office services.
Jaggaer
Location: United States
Date of investment : 2019
Global provider of supply chain management software.
Jarrow Formulas
Location: United States
Date of Investment: December 2020
Formulator and supplier of various vitamins, minerals, and nutritional supplements.
Kettle Cuisine
Location: United States
Date of investment: August 2018
Kettle Cuisine is a manufacturer of kettle-cooked, clean label soups, sauces and side dishes, serving foodservice providers, national restaurant chains and retail channels.
MetaMetrics
Location: United States
Date of investment: 2019
Provider of K-12 reading and math universal measurement scales for assessments, digital practice tools, and books.
Mitchell International
Location: United States
Date of investment: 2018
Mitchell International and Genex Services merged in November 2018, bringing together two leaders in Medical Compliance, Cost Containment and Clinical Solutions in the workers’ compensation, disability and auto industries.
Navex Global
Location: United States
Date of investment: September 2018
Navex is a leading ethics & compliance (“E&C”) software-as-a-service provider globally. The Company provides a full suite of E&C solutions, including incident management software, E&C training, and policy & procedure management.
Paycor
Location: United States
Date of investment: November 2018
Paycor is a leading SaaS provider of cloud based human capital management software offering a unified solution for payroll, benefits, onboarding, learning management and time and attendance.
Press Ganey Associates
Location: United States
Date of investment: 2019
Provider of surveys and analytics that measure patient and caregiver experiences for healthcare organizations within the United States.
PrimeSource-Dimora
Location: United States
Date of investment: December 2020
North American specialty building products distributor.
Proofpoint
Location: United States
Total Investments: US$26 million
Date of investment: August 15, 2021
Leading cybersecurity software provider that serves enterprise customers in the email security, archiving and data loss prevention markets.
Recipharm
Location: Sweden
Total investment: €30 million
Date of investment: May 18, 2021
Leading global pharmaceutical contract development and manufacturing company based in Sweden.
Sedgwick
Location: United States
Date of investment: December 2018
Sedgwick is the largest independent multiline claims management firm globally, providing technology-enabled claims management and loss adjusting solutions for workers’ compensation, disability, liability, and property claims.
Siaci Saint Honore
Location: France
Date of investment: August 2018
Siaci is a French-based B2B insurance broker that provides global insurance brokerage, advisory and claims management services. The geographic focus in Europe (ex-UK) and industry focus in financial.
Stonegate Group
Location: United Kingdom
Date of investment: March 2020
Fourth largest managed pub operator in the UK.
Travelport
Travelport is a UK-headquartered technology company that provides a travel distribution and e-commerce platform with multiple travel related services to a global customer base.
United Group
United Group is a cable operator operating across South Eastern Europe and offers TV, internet, fixed and mobile telephony through its cable, direct-to-home and over-the-top platforms.
Accel-KKR
Location: United States
Commitment: US$210 million
Date of initial investment: 2015
Accel-KKR is a mid-market, U.S.-based private equity firm focused on buyout and growth opportunities in the software and technology sector. CPP Investments committed US$100 million to AKKR Fund V in 2015 and US$110 million to AKKR Fund VI in 2019.
Advent International
Location: Global
Commitment: US$3.25 billion; €575 million
Date of initial investment: 2001
Advent is a large, global private equity firm focused on buyout opportunities. CPP Investments first committed US$175M to Advent IV in 2001. Following that, CPP Investments committed €200M to Advent V in 2005, €375M to Advent VI in 2008, US$640M to Advent VII in 2012 and US$725M to Advent VIII in 2016. In 2019, CPP Investments committed US$750M to Advent IX and US$100M to Advent Technology Fund I. In 2021, CPP Investments committed US$75M to Advent Technology Fund II and in 2022, CPP Investments committed US$750M to Advent X.
American Industrial Partners
Location: United States
Date of initial investment: 2015
American Industrial Partners is a mid-market, U.S.-based private equity firm focused on control investments in North American headquartered industrial companies. CPP Investments committed to AIP Fund VI in 2015 and AIP Fund VII in 2019.
Apollo Management
Location: Global
Commitment: US$3 billion
Date of initial investment: 2002
Apollo Management is a large, global private equity firm focused on value oriented distressed, corporate carve-out and opportunistic buyout investments opportunities. CPPIB committed US$150 million to Apollo V in 2002, US$400 million to Apollo VI in 2005, US$600 million to Apollo VII in 2007, C$1.0 billion to Apollo VIII in 2013 and US$750 million to Apollo IX in 2017.
Apax Partners
Location: Global
Commitment: US$1.4 billion; €1.1 billion
Date of initial investment: 2004
Apax Partners is a large, global private equity firm focused on buyout opportunities. CPPIB committed €200 million to Apax VI in 2004, €500 million to Apax VII in 2007, €350 million to Apax VIII in 2012 and US$500 million to Apax IX in 2016. CPPIB also committed US$150 million to Apax Digital in 2017. In 2019, CPPIB committed US$500 million to Apax X. In 2021, CPPIB committed US$150 million to Apax Digital II.
Ares Management
Location: United States
Commitment: US$1.5 billion
Date of initial investment: 2003
Ares Management is a large, U.S.-based private equity firm focused on buyout, growth and distressed opportunities. CPPIB committed US$75 million to ACOF I in 2003, US$200 million to ACOF II in 2006, US$300 million to ACOF III in 2008, US$450 million to ACOF IV in 2012 and US$450 million to ACOF V in 2015.
Bain Capital
Location: Global
Total Investment: €350 million; US$795 million; JPY 6 billion
Date of initial investment: 2014
Bain Capital is a global private equity firm focused on buyout opportunities. CPPIB committed €175 million to Bain Capital Europe IV in 2014, US$270 million to Bain Capital Asia III in 2015, US$250 million to Bain Capital Fund XII in 2017, €175 million to Bain Capital Europe V in 2018, US$275 million to Bain Capital Asia IV in 2018 and JPY 6.0 billion to the Bain Capital Japan Middle Market Fund in 2021.
BC Partners
Location: Europe
Total Investments: €825 million
Date of initial investment: 2011
BC Partners is a large, pan-European private equity firm focused on buyout opportunities. CPPIB committed €350 million to BCEC IX in 2011 and €375 million to BCEC X in 2016. CPPIB committed €100 million to BCEC XI in 2021.
CCMP
Location: United States
Commitment: US$768 million
Date of initial investment: 2002
CCMP is a mid-market, U.S.-based private equity firm focused on buyout and growth opportunities. CPPIB committed US$100 million to JPMP Global Investors in 2002, US$368 million to CCMP II in 2005 and US$300 million to CCMP III in 2013.
Centerbridge Capital Partners
Location: United States
Commitment: US$150 million
Date of initial investment: 2014
Centerbridge Partners is a large, U.S.-based private equity firm focused on buyout and growth opportunities. CPPIB committed US$150 million to CCP III in 2014.
Charterhouse Capital Partners
Location: United Kingdom
Commitment: €400 million
Date of initial investment: 2008
Charterhouse Capital Partners is a large, U.K.-based private equity firm focused on buyout opportunities. CPPIB committed €200 million to CCP IX in 2008 and €200 million to CCP X in 2015.
Cinven
Location: Europe
Commitment: €1.2 billion
Date of initial investment: 2006
Cinven is a large, pan-European private equity firm focused on buyout opportunities. CPPIB committed €250 million to Fund IV in 2006, €350 million to Fund V in 2012, €250 million to Fund VI in 2016 and €320 million to Fund VII in 2019.
Clearlake Capital Group
Location: United States
Commitment: US$330 million
Date of initial investment: 2019
Clearlake is an investment firm operating integrated businesses across private equity, credit and other related strategies. CPP Investments committed US$130 million to CCP VI in 2019. In 2021, CPPIB committed US$200 million to CCP VII.
Clayton, Dubiler & Rice, LLC
Location: Global
Commitments: US$425 million
Date of initial investment: 2017
Clayton, Dubilier & Rice is a large, global private equity firm focused on buyout opportunities. CPPIB committed US$200 million to CD&R X in 2017 and US$225M to CD&R XI in 2020.
CVC Capital Partners
Location: Global
Commitment: US$675 million; €2.9 billion
Date of initial investment: 2005
CVC Capital Partners is a large, global private equity firm focused on buyout opportunities. CPPIB committed €200 million to CVC IV in 2005, €300 million to CVC Tandem in 2006, €350 million to CVC V in 2008, €650 million to CVC VI in 2013, US$375 million to CVC Growth Partners in 2014, €650 million to CVC VII in 2017 and €250 million to CVC Strategic Opportunities II in 2018, and US$300 million to CVC Growth Partners II in 2018. In 2020, CPPIB committed €500 million to CVC VIII.
EQT Partners
Location: Europe
Commitment: €450 million
Date of initial investment: 2017
EQT is a large, global private equity firm focused on buyout opportunities. CPPIB committed €200 million to EQT VIII in 2017 and €250 million to EQT IX in 2020.
Ford Financial
Location: United States
Commitment: US$188 million
Date of initial investment: 2013
Ford Financial is a mid-market, U.S.-based private equity firm focused on buyout opportunities in the financial services sector. CPPIB committed US$188 million to Ford Financial II in 2013.
Genstar Capital
Location: United States
Commitment: US$490 million
Date of initial investment: 2017
Genstar Capital is a U.S.-based private equity firm focused on growth-oriented, mid-market companies. CPPIB committed US$200 million in aggregate to Genstar VIII in 2017 and US$290 million in aggregate to Genstar IX in 2019.
GTCR
Location: United States
Commitment: US$150 million
Date of investment: 2020
GTCR is an upper mid-market, U.S.-based private equity firm targeting Financial Services & Technology, TMT, Healthcare, and Growth Business Services sectors. CPPIB committed US$150 million to GTCR Fund XIII in 2020.
Hg
Location: Europe
Commitment: US$260 million
Date of initial investment: 2020
Hg is a European software and tech-enabled services-focused private equity firm. CPP Investments committed US$260 million to Hg Saturn 2 in 2020.
Harvest Partners
Location: United States
Date of initial investment: 2015
Harvest Partners is a mid-market, U.S.-based private equity firm focused on buyout and growth opportunities. CPPIB committed US$100 million to Harvest Partners VII in 2015.
Hellman & Friedman
Location: United States
Commitment: US$2.6 billion
Date of initial investment: 2004
Hellman & Friedman is a large, U.S.-based private equity firm focused on buyout and growth opportunities. CPPIB committed US$75 million to H&F V in 2004, US$400 million to H&F VI in 2006, US$600 million to H&F VII in 2009 and US$650 million to H&F VIII in 2014, and US$500 million to H&F IX in 2018. CPPIB committed US$400 million to H&F X in 2021.
Insight Venture Partners
Location: United States
Commitment: US$750 million
Date of initial investment: 2018
Insight Venture Partners is a U.S.-based private equity manager focused on investing in growth-stage software, software-enabled, and internet companies. CPP Investments committed US$200 million to Insight Venture Partners X and US$250 million to Insight Partners XI in 2018 and 2019. In 2021, CPP Investments committed US$300 million to Insight Partners Fund XII.
Kainos Capital
Location: United States
Date of initial investment: 2016
Kainos Capital is a mid-market, U.S.-based private equity firm focused on buyout and growth opportunities in the food and consumer products industries. CPPIB committed to Kainos Capital Fund II in 2016 and to Kainos Capital Fund III in 2021.
Kohlberg Kravis Roberts & Co.
Location: Global
Commitment: US$1.4 billion; €298 million
Date of initial investment: 2004
Kohlberg Kravis Roberts & Co. is a large, global private equity firm focused on buyout and growth opportunities. CPPIB committed US$282 million to KKR Millennium in 2004, €188 million to KKR Europe II in 2005, US$475 million to KKR 2006 Fund in 2006, €110 million to KKR Europe III in 2008, US$275 million to KKR NA XI in 2012, US$300 million to KKR Americas Fund XII in 2016 and US$100 million to KKR Health Care Strategic Growth in 2017.
Lion Capital
Location: United Kingdom
Commitment: €200 million; US$250 million
Date of initial investment: 2010
Lion Capital is a mid-market, U.K.-based private equity firm focused on buyout opportunities in the consumer sector. CPPIB committed €200 million to Lion III in 2010 and US$250 million to Lion IV in 2015.
Littlejohn
Location: United States
Commitment: US$200 million
Date of initial investment: 2014
Littlejohn is a mid-market, U.S.-based private equity firm focused on buyout and distressed opportunities. CPPIB committed US$100 million to Littlejohn V in 2014 and US$100 million to Littlejohn VI in 2018.
New Mountain Capital
Location: United States
Commitment: US$800 million
Date of initial investment: 2007
New Mountain Capital is a mid-sized U.S. investment capital firm specializing in buyback opportunities. The Board allocated US$200 million to NMC II in 2007, US$300 million to NMC IV in 2013 and US$300 million to NMC V in 2017.
Northleaf Capital Partners
Location: Canada
Date of initial investment: 2006
Northleaf Capital Partners is a Canada-based private equity firm focused on investing in funds, secondaries and co-investment opportunities. CPPIB committed C$400 million to CFOF I in 2006, C$400 million to CFOF II in 2010, C$70 million to Northleaf Venture Catalyst Fund in 2014 and C$330 million to CFOF III in 2014, and C$70 million to Northleaf Venture Catalyst Fund II in 2018. Northleaf also manages C$760 million in existing CPPIB commitments to Canadian buyout and venture capital funds. In 2019, CPPIB committed C$75 million to CFOF Evergreen.
Onex Corporation
Location: Canada/United States
Commitment: US$1.35 billion
Date of initial investment: 2003
Onex Corporation is a large, Canada/U.S.-based private equity firm focused on buyout opportunities. CPPIB committed US$150 million to OP I in 2003, US$400 million to OP III in 2008, US$400 million to OP IV in 2013 and US$400 million to OP V in 2017.
Oak Hill Capital Partners
Location: United States
Commitment: US$225 million
Date of initial investment: 2018
Oak Hill Capital Partners is a North America-based private equity manager focused on buyout opportunities. CPPIB committed US$225 million to Oak Hill Capital Partners V in 2018.
Permira Advisers
Location: Europe
Total Investments: €1.6 billion; US$75 million
Date of initial investment: 2006
Permira Advisers is a large, pan-European private equity firm focused on buyout opportunities. CPPIB committed €150 million to Permira IV in 2006, €350 million to Permira V in 2013 and €400 million to Permira VI in 2016. In 2019, CPPIB committed €375 million to Permira VII. In 2021, CPPIB committed €325 million to Permira VIII and US$75 million to Permira Growth II.
Quantum Energy Partners
Location: United States
Commitment: US$750 million
Date of initial investment: 2008
Quantum Energy Partners is a mid-market, U.S.-based private equity firm focused on buyout and growth opportunities in the energy sector. CPPIB committed US$200 million to QEP V in 2008, US$300 million to QEP VI in 2014, to QPP V-C in 2014 and to QPP VI-C in 2015, and US$250 million to QEP VII in 2017, and to QPP VII-C in 2017.
Roark Capital Partners
Location: United States
Commitment: US$250 million
Date of initial investment: 2014
Roark Capital Group is a mid-market, U.S.-based private equity firm focused on buyout opportunities in the consumer sector. CPPIB committed US$100 million to Roark IV in 2014 and US$150 million to Roark V in 2017.
Riverwood Capital Partners
Location: United States
Commitment: US$475 million
Date of initial investment: 2014
Riverwood Capital Partners is a mid-market, U.S.-based private equity firm focused on buyout and growth opportunities in the technology sector. CPP Investments committed US$150 million to Riverwood Fund I in 2014 and US$175 million to Riverwood Fund II in 2018. CPP Investments committed US$150 million to Riverwood Fund IV in 2022.
Searchlight Capital Partners
Location: Global
Commitment: US$390 million
Date of initial investment: 2015
Searchlight Capital Partners is a mid-market, global private equity firm focused on buyout and distressed opportunities. CPPIB committed US$190 million to Searchlight Capital II in 2015 and US$200 million to Searchlight Capital III in 2019.
Silver Lake Partners
Location: United States
Commitment: US$2.9 billion
Date of initial investment: 2004
Silver Lake Partners is a large, U.S.-based private equity firm focused on buyout and growth opportunities in the technology sector. CPP Investments committed US$100 million to SLP II in 2004, US$500 million to SLP III in 2006, US$750 million to SLP IV in 2012 and US$750 million to SLP V in 2017. In 2019, CPP Investments committed US$50 million to Silver Lake Waterman III. CPPIB committed US$750 million to SLP VI in 2020.
Siris Partners
Location: United States
Commitment: US$400 million
Date of initial investment: 2014
Siris Capital Group is a mid-market, U.S.-based private equity firm focused on complex, special situations in the technology sector. CPPIB committed US$150 million to Siris Partners III in 2014 and US$250 million to Siris Partners IV in 2018.
Sterling Group
Location: United States
Commitment: US$300 million
Date of initial investment: 2010
Sterling Group is a mid-market, U.S.-based private equity firm focused on buyout opportunities. CPPIB committed US$100 million to Sterling III in 2010 and US$200 million to Sterling IV in 2015.
STAR Capital Partners
Location: Europe
Commitment: €175 million
Date of initial investment: 2016
STAR Capital Partners is a mid-market, U.K.-based private equity firm focused on buyout and growth opportunities. CPPIB committed €175 million to STAR III in 2016.
Stone Point Capital
Location: United States
Commitment: US$1.4 billion
Date of initial investment: 2010
Stone Point Capital is a mid-market, U.S.-based private equity firm focused on buyout and growth opportunities in the financial services sector. CPPIB committed US$225 million to Trident V in 2010, US$425 million to Trident VI in 2013, US$275 million to Trident VII in 2016 and US$250 million to Trident VIII in 2019. In 2021, CPPIB committed US$200 million to Trident IX.
Summa Equity
Location: Europe
Total Investments: €50 million
Date of investment: 2021
Summa Equity is a thematically focused Nordic private equity firm, focusing on Resource Efficiency, Changing Demographics, and Tech-enabled businesses. CPP Investments committed €50 million to Fund III in 2021.
TDR Capital
Location: United Kingdom
Commitment: €125 million
Date of initial investment: 2016
TDR Capital is a mid-market, London-based private equity firm focused on buyout opportunities. CPPIB committed €125 million to TDR IV in 2016.
The Carlyle Group
Location: Global
Commitment: €475 million; US$850 million
Date of initial investment: 2015
The Carlyle Group is a large, global private equity firm focused on buyout and growth opportunities. CPPIB committed €175 million to Carlyle Europe Partners IV in 2015 and US$500 million to Carlyle Partners VII, and €300 million to Carlyle Europe V in 2018. In 2021, CPPIB committed US$350 million to Carlyle Partners VIII.
TA Associates
Location: Global
Total investment: US$100 million
Date of investment: 2021
TA Associates is a global investment firm focused on buyouts and growth equity investments. CPP Investments committed US$100 million to TA Fund XIV in 2021.
Texas Pacific Group
Location: Global
Commitment: US$2.3 million
Date of initial investment: 2003
Texas Pacific Group is a large, global private equity firm focused on buyout and growth opportunities. The Board allocated US $ 100 million to TPG IV in 2003, US $ 500 million to TPG V in 2006, US $ 750 million to TPG VI in 2008, US $ 400 million to TPG VII in 2015, 500 million US dollars to TPG VIII in 2018 and 150 million US dollars to TPG Tech Adjacencies in 2018.
Thoma Bravo
Location: United States
Commitment: US$1.9 billion
Date of initial investment: 2014
Thoma Bravo is a mid-market, U.S.-based private equity firm focused on buyout and growth opportunities in the software sector. CPP Investments committed US$150 million to Thoma Bravo XI in 2014, US$75 million to Thoma Bravo SOF II in 2015 and, US$400 million to Thoma Bravo XII in 2016 and US$100 million to Thoma Bravo Discover II in 2017 and US$400 million to Thoma Bravo XIII in 2018. CPP Investments committed US$400 million to Thoma Bravo XIV in 2020. In 2022, CPP Investments committed US$400 million to Thoma Bravo XV.
Veritas Capital Fund Management
Location: United States
Commitment: US$550 million
Date of initial investment: 2014
Veritas Capital Fund Management is a mid-market, U.S.-based private equity firm focused on buyout opportunities which provide products, services and solutions to a broad array of government-related customers. CPPIB committed US$100 million to Veritas V in 2014, US$200 million to Veritas VI in 2016 and US$250 million to Veritas VII in 2019.
Vista Equity Partners
Location: United States
Commitment: US$1.7 billion
Date of initial investment: 2014
Vista Equity Partners is a mid-market, U.S.-based private equity firm focused on buyout and growth opportunities in the software and technology sector. CPPIB committed US$400 million to VEPF V in 2014, US$750 million to VEPF VI in 2016 and US$500 million to VEPF VII in 2018.
Behrman Capital
Location: United States
Investment: US$650 million
Date of initial investment: 2012
Berhman is a private equity firm based in the U.S., focused on investing in buyouts of growth companies in North America. CPPIB led the recapitalization of five investments in Berhman Capital.
Enfoca
Location: Latin America
Commitment: US$380 million
Date of initial investment: 2017
Enfoca is a Peruvian private equity fund manager focused on growth investments in sectors exposed to the growth of the Peruvian middle‐class and economy. CPPIB led the recapitalization of seven companies.
General Atlantic
Location: United States
Total investment: US$330 million
Date of investment: June 2021
General Atlantic is a global growth equity investor, based out of New York. CPPIB invested in a continuation fund created to extend the investment life of four General Atlantic portfolio companies.
Georgian
Location: Canada
Total investment: US$150 million
Date of investment: March 2021
Georgian is a Canadian fintech firm investing in and partnering with leading global growth-stage companies. CPP Investments was a lead investor in a transaction which funded both primary and secondary capital in five Georgian backed assets.
Goldman Sachs
Location: Global
Total Investments: US$175 million
Date of investment: October 2021
Goldman Sachs Growth (“GS Growth”) is the growth equity platform of Goldman Sachs Asset Management, focused on minority and control investments globally. CPP Investments co-led the partial liquidity solution for a strip of GS Growth-backed assets.
Hermes GPE
Location: Global
Total Investments: C$750 million
Date of Investment: October 2021
Acquisition of exposure from BT Pension Scheme in a separate managed account comprising funds and co-investments managed by Hermes GPE. CPP Investments provided primary capital to Hermes GPE as part of the transaction and expanded the scope of Hermes GPE strategies it backs.
Kainos
Location: United States
Commitment: US$550 million
Date of initial investment: 2013
Kainos Capital is a middle-market private equity firm with an exclusive focus on the food and consumer sector. CPPIB led the recapitalization of four portfolio companies.
Lee Equity
Location: United States
Investment: US$150 million
Date of initial investment: 2016
Lee Equity is a private equity firm focused on making buyout investments in mid-market U.S.-based companies partnering with premier management teams. CPPIB participated in the recapitalization of 14 companies.
NewView Capital
Location: United States
Total Investments: US$130 million
Date of Investment: 2018
NewView Capital has developed a new model in venture capital to drive sustainable growth for entrepreneurs, venture capital firms, and limited partners in the changing venture landscape. It spun out of New Enterprise Associates (NEA) in 2018 in response to evolving market dynamics, including extended exit timelines. CPPIB participated in the spin-out transaction that formed NVC and continues to support the platform’s continued growth.
Prospect Hill Growth Partners
Location: United States
Investment: US$600 million
Date of initial investment: 2014
J.W. Childs is an operational focused private equity firm with consumer, retail/ecommerce and healthcare expertise in mid-market growth companies in North America. CPPIB led the recapitalization of five investments in J.W. Childs.
Providence Equity Partners
Location: United States
Investment: US$750 million
Date of initial investment: 2018
Providence Equity Partners is a private equity fund manager focused on buyout investments predominantly in North America and Western Europe. CPPIB led the tender process for limited partner interests in Providence Equity Partners VII.
TPG Growth
Location: Global
Investment: US$280 million
Date of initial investment: 2019
TPG Growth is the growth equity platform of TPG Partners, focused on growth and buyout investments in the lower middle market globally. CPP Investments led the recapitalization of thirteen companies.