1188:
598:-adjusted) needed to help sustain the CPP , a rate set at 4.0% by 2017 in the CPP actuary's report, starting from 3.2% in 2011. As indicated in its Financial Highlights for the fiscal year ended March 31, 2013, the CPP reserve fund averaged 4.2% return in the past 5 years, and a 7.4% return in the past 10 years, above the sum of projected Canadian inflation rates and the 4.0% target identified by the CPP Actuary report, or 6.3% in nominal basis, that is required for CPP contribution sustainability.
140:
3050:
3040:
3020:
3000:
2990:
36:
3030:
3010:
252:
803:'s Denver-Julesberg Basin Colorado oil and gas assets for $ 900 million (US). The deal, with Denver-based partner, private equity firm The Broe Group, having a 5% share in the new Crestone Peak Resources partnership, was completed in July 2016. Broe will manage the portfolio of more than 1600 wells.
870:
The total growth of the CPP Reserve Fund is derived from the CPP contributions of working
Canadians, and the return on investment of the contributions. The portion of CPP Reserve Fund growth due to CPP contributions varies from year to year, but have shown a slight decrease in the past 3 years. The
1488:
the CPP Investment Board and the Caisse de dépôt et placement du Québec are not included in the definition of SWFs used here because of characteristics that set them apart from SWFs as described above (e.g., they do not manage government money or, as with the Caisse, manage both public and private
382:
was established in 1966. For much of its history, the plan relied on contributions to pay benefits. By 1996, the federal government had determined that the CPP as then constituted was unsustainable. Changes were made to the plan, gradually increasing the contribution rate to its current 9.9% and
397:
in 1997 as an independent, but accountable, body to monitor the funds held by the Canada
Pension Plan. The CPP Investment Board began its investing program in 1999, establishing the CPP Reserve Fund to hold investment earnings and CPP contributions not needed to pay current pensions. It reports
590:
strategy that seeks to deliver returns over and above a market-based benchmark over the long term. That benchmark is called the CPP Reference
Portfolio and under reasonable capital market assumptions, it can generate the long-term 4.0% real rate of return required to help sustain the CPP.
523:
As outlined in its Policy on
Responsible Investing, first adopted in 2005, the Board considers environmental, social and governance (ESG) issues/factors from a risk/return point of view and encourages companies to adopt policies and practices that enhance long-term financial performance.
862:
Investments held by the CPP Fund include equities, fixed income (primarily government bonds), and inflation-sensitive assets (real estate, inflation-linked bonds and infrastructure). The CPPIB is making a major push into real estate, especially real estate in India.
715:
firms to be managed and used towards reaching the growth targets. For example, the CPP Investment Board hires private equity firms to help it invest in private companies, fund managers to help it invest in public equities, bond managers to assist in investing in
582:
In
December 2013, the Chief Actuary reaffirmed that the CPP is sustainable throughout the 75-year timeframe of his 2012 report. Over this long timeframe it is expected that there will be periods where returns are above or below this threshold.
866:
Historical information on the performance of assets available to the Canada
Pension Plan, and financial statements of the CPP Investment Board, can be found under the Quarterly Reports and Annual Reports section of the CPPIB's website.
410:
and reports annually through the
Minister of Finance. While accountable to Parliament, the CPP Investment Board is not controlled by the government or subject to government appointments, its employees and directors are not part of the
566:
In recent years, the CPPIB changed direction in its investment philosophy. It evolved from investing exclusively in non-marketable government bonds to passive index-fund strategies and, in 2006, to active investment strategies.
1252:
As worldwide concern for global climate change implications increasingly call on institutional divestment from fossil fuels, CPPIB has also been criticized for failing to do so, both on climate grounds and financial loss.
1929:
1942:
1249:
In 2009 executives of the Canada
Pension Plan Investment Board took a 31.4% cut in their bonuses after questions were raised about the level of compensation at the crown corporation.
594:
The CPPIB reserve fund receives its funds from the CPP and invests them like a typical large fund manager would. The CPP reserve fund seeks to achieve at least the projected return (
1288:
region. CPPIB CEO Mark Machin stated that the holdings are part of indices which CPPIB invests in and that those investments had been red-flagged for potential future divestment.
1681:
2920:
2422:
2062:
2498:
2019:
1731:
1756:
563:, CEO at the time, would not pinpoint a specific country or area. "Canada as a single market cannot accommodate the future growth of our organization," said Denison.
3079:
1179:³Increased fund value due to worker and employer CPP contributions not needed to pay current benefits. The negative investment return amounted to $ 303 million CAD.
1978:
1269:
579:, the CPP Fund needs a real rate of return of 4.0%, over the 75-year projection period in his report, to help sustain the plan at the current contribution rate.
1807:
3119:
2993:
1176:²Commencing in fiscal 2007, the rate of return reflects the performance of the CPP Fund which excludes the short-term cash required to pay current benefits.
3109:
2396:
3099:
2239:
1703:
3124:
2491:
2454:
1606:
3084:
1872:
711:
Using equity firms to assist in achieving targets for each asset class. The CPP reserve fund allocates certain amounts to various pre-qualified
2140:
1521:
1312:
625:. In 1997, the CPP fund was 100% invested in government bonds, but it has since diversified not only by asset class, but also internationally.
2567:
1949:
455:. The CPPIB invests in real estate and made their first direct office investment in Seattle in 2016. Notable investments include 50% of the
3114:
1504:
3053:
2484:
2165:
2037:
2113:
2965:
1781:
749:
2179:
1903:
1404:
3074:
2214:
559:, Europe and Asia. In addition, the CPPIB has been broadening the scope of its investments to include emerging markets, although
2000:
1317:
2368:
100:
1673:
1570:
632:
theories, with diversification of investments as one of the objectives. The asset mix has evolved over the years as follows:
72:
778:
17:
2787:
2782:
1832:
1652:
2316:
3104:
2690:
79:
2016:
1187:
601:
The CPP total assets are projected to reach the following levels according to the 2021 actuarial report: (in assets):
2342:
2261:
119:
2088:
1380:
1195:
766:
revealed it had signed an agreement with the Canada
Pension Plan Investment Board to sell its 46.1 percent stake in
555:
According to the 2013 Annual Report, about 63% of the fund's assets are now invested outside Canada, largely in the
53:
2423:"WSJ News Exclusive | Top Pension Fund Head Beat Canada's Covid-19 Vaccine Queue by Getting a Shot in Middle East"
840:
acquired the business-to-business accommodation wholesaler
Hotelbeds for a purchase price of around €1.3 billion.
2575:
2552:
513:
86:
3023:
2765:
2063:"Canada Pension Plan Investment Board and The Broe Group Complete Acquisition of DJ Basin Oil & Gas Assets"
435:
1997, c. 40). Its sole investing mandate is to achieve a "maximum rate of return, without undue risk of loss."
57:
1596:
759:. CPPIB's equity investment was $ 1.8 billion and the total gross value of the properties was $ 4.8 billion.
3089:
3033:
3003:
2283:
1974:
586:
Consistent with the CPPIB's mandate to maximize investment returns without undue risk of loss, they pursue a
1464:
68:
3094:
3013:
2770:
1257:
403:
387:
319:
162:
2600:
2595:
2590:
2585:
2580:
1855:
479:
2647:
1342:
517:
341:
28.1 billion between 2010 and 2014 alone. Despite being a Crown corporation, CPPIB is not considered a
1879:
2857:
2807:
2745:
2705:
2652:
1437:
622:
3043:
2960:
2955:
412:
2166:"Canada Pension Plan Investment Board to invest alongside KKR in acquiring stake in Axel Springer"
2940:
2935:
2890:
844:
576:
373:
361:
245:
237:
46:
2950:
2915:
2812:
2642:
1708:
402:
to oversee the operations of the CPP reserve fund, and also to plan changes in direction. As a
201:
2867:
2775:
342:
93:
2026:, Canada's CPPIB to buy GE private equity lending arm for $ 12 billion, Reuters, 9 June 2015
755:
In 2012 CPPIB acquired a 45% stake in ten shopping centers and two redevelopment sites from
2895:
2680:
2557:
1601:
1300:
807:
541:
416:
407:
350:
338:
266:
8:
2970:
2832:
2822:
2740:
2735:
2731:
2685:
1203:
483:
379:
327:
227:
2317:"A Fix for the Climate Polluting Canada Pension Plan : Friends of the Earth Canada"
2945:
2905:
2842:
2837:
2675:
2448:
1411:
859:
The performance and the market value of the CPP Fund is reported on a quarterly basis.
432:
399:
1343:"Canada Pension Plan chief resigns after getting vaccinated against COVID-19 in Dubai"
353:
and solely manages CPP contributions paid by workers and employers, not public funds.
2910:
2637:
2632:
2627:
2542:
2476:
2430:
2303:
501:
394:
2218:
2750:
2619:
2530:
1296:
1277:
848:
786:
782:
629:
560:
545:
467:
448:
172:
2930:
2852:
2700:
2662:
2537:
2511:
2023:
1280:, which supply surveillance technology to the Chinese government used to repress
1265:
763:
756:
357:
346:
311:
299:
255:
2001:"Altice's Deal to Buy Suddenlink May Be Prelude to Pursuit of Time Warner Cable"
1627:
427:
The CPP Investment Board's mandate is laid out in its founding legislation, the
2755:
2670:
2547:
2507:
1475:
717:
493:
444:
334:
2397:"CPPIB challenged to divest from Chinese firms tied to abuses against Uyghurs"
3068:
2862:
2847:
2827:
2715:
2434:
1704:"Court clears way for SNC-Lavalin to close $ 3.25B sale of stake in Hwy. 407"
811:
556:
471:
456:
1548:
1465:"The Impact of Sovereign Wealth Funds on the International Financial System"
1191:
139:
2975:
2900:
2872:
2817:
2710:
871:
historical growth with the investment performance is tabulated as follows:
826:
549:
532:
John Graham is the current Chief Executive Officer of the CPPIB, replacing
1757:"Top Canadian pension fund CPPIB to increase India public equity exposure"
2760:
1410:. Canada Pension Plan Investment Board. December 10, 2007. Archived from
1292:
1223:
774:
745:
587:
537:
533:
490:
452:
390:
231:
2925:
2695:
2114:"Canada Pension Plan and Wolf Midstream invest big in Alberta pipeline"
1808:"Canada Pension Fund CEO Mark Machin Resigns After U.A.E. Vaccine Trip"
1295:
resigned following a controversy surrounding his choice to receive the
793:
741:
148:
2284:"CPP Investment Board reports 0.29 per cent annual investment setback"
1405:"The CPP Fund and CPP Investment Board are not Sovereign Wealth Funds"
2343:"How not divesting from carbon economy has already hurt your pension"
1522:"CPP Investments to Invest in Italy's Digital Infrastructure Network"
1273:
1261:
1198:, meets with the Canada Pension Plan Investment Board (December 2020)
734:
595:
509:
505:
486:
475:
459:
35:
2117:
2038:"Encana sells Colorado assets to Broe Group partnership for $ 900M"
1285:
497:
729:
CPPIB, as part of a consortium, first invested US$ 300 million in
1359:
1281:
830:
822:
767:
210:
206:
733:
in September 2009. In May 2011 CPPIB sold its stake in Skype to
277:
2525:
2421:
McNish, Jenny Strasburg, Summer Said and Jacquie (2021-02-25).
2369:"Canada Pension Plan Knee-Deep In Unethical Fossil Fuel Stocks"
1930:
CPPIB scoops windfall as Microsoft buys Skype for $ 8.5-billion
837:
800:
398:
quarterly to the public on its performance, has a professional
364:
for the Canada Pension Plan on behalf of 22 million Canadians.
326:
to oversee and invest the funds contributed to and held by the
2180:"CPPIB Initially Commits 200 Million Toward Sharpooji Venture"
2089:"Encana Corp. completes sale of Denver-Julesburg Basin assets"
1732:"Some Canada Pension Plan investments that might surprise you"
851:. CPPIB's financial commitment will be at least €500 million.
1860:
Office of the Superintendent of Financial Institutions Canada
1322:
815:
785:
was also announced. The interest had been acquired in a 2012
740:
In 2009 CPPIB also invested in the $ 5.2-billion purchase of
730:
712:
463:
1975:"Unibail sells German mall operator stake to Canada's CPPIB"
1859:
504:. Other prominent investments are made in Indian companies
356:
As of June 30, 2024, the CPP Investment Board manages over
333:
CPP Investments is one of the world's largest investors in
1782:"CPP Investment Board reinforces ESG role with new policy"
1674:"CVC, Canada's CPPIB to buy Petco for about $ 4.6 billion"
1303:, whilst Canada was still struggling to acquire vaccines.
737:
for US$ 1.1 Bn before debt repayment, or US$ 933 million.
1620:
2471:
2209:
2207:
2205:
2203:
2201:
1806:
Strasburg, Jenny; McNish, Jacquie (February 26, 2021).
1270:
Canadian House of Commons Standing Committee on Finance
304:
Office d'investissement du régime de pensions du Canada
2506:
1628:"Canada Pension Plan Investment Board — June 27, 2012"
796:'s private equity lending portfolio for $ 12 billion.
2391:
2389:
2141:"TUI Group to Sell Hotelbeds Group for $ 1.3 Billion"
1381:"The World's Largest Private Equity Investors Are..."
843:
In October 2019, CPPIB announced to invest alongside
773:
In May 2015, the sale of a joint 70% investment with
2198:
825:-based Wolf Midstream Inc. purchased a 50% stake in
1272:for its indirect investments in two Chinese firms,
60:. Unsourced material may be challenged and removed.
2386:
1856:Actuarial Report (31st) on the Canada Pension Plan
1173:¹Assets are as at the period end date (March 31).
799:In October 2015, CPPIB announced plans to acquire
618:The strategies used to achieve these targets are:
3080:Financial services companies established in 1997
3066:
770:shopping mall operator MFI AG for €394 million.
720:(within Canada and foreign bonds), and so forth.
1805:
1543:
1541:
1268:) criticized the CPPIB during a meeting of the
792:In June 2015, CPPIB announced it would acquire
500:, and 19.8% of multinational media corporation
2262:"CPP gained 18.7% last year, now worth $ 264B"
1932:. The Globe and Mail. Retrieved on 2013-07-26.
1668:
1666:
3120:Financial services companies based in Toronto
2492:
2306:. Financialpost.com. Retrieved on 2013-07-26.
2304:CPPIB exec bonuses to be cut by about a third
2215:"CPP Investment Board – Financial Highlights"
406:, the CPP Investment Board is accountable to
393:, the CPP Investment Board was created by an
2994:Private equity and venture capital investors
2453:: CS1 maint: multiple names: authors list (
1696:
1538:
1972:
1904:"CPP Investment Board - 2018 Annual Report"
1873:"CPP Investment Board – 2008 Annual Report"
1663:
1653:"CPPIB Buys its First Seattle Office Tower"
1499:
1497:
724:
3110:Federal departments and agencies of Canada
3029:
3009:
2966:Taxation of private equity and hedge funds
2783:Private investment in public equity (PIPE)
2499:
2485:
2106:
1571:"CPP Reserve Fund Grows to $ 91.7 Billion"
1510:. CPP Investment Board. November 29, 2023.
138:
3100:Investment management companies of Canada
120:Learn how and when to remove this message
3125:Employment and Social Development Canada
2366:
1494:
1186:
429:Canada Pension Plan Investment Board Act
324:Canada Pension Plan Investment Board Act
2035:
1925:
1923:
1378:
527:
14:
3085:Canadian companies established in 1997
3067:
2420:
2086:
1729:
1318:Public Sector Pension Investment Board
1313:Caisse de dépôt et placement du Québec
570:
2480:
2007:, May 20, 2015. Retrieved 2015-05-21.
1684:from the original on 26 November 2015
1462:
1435:
1354:
1352:
1182:
2138:
1920:
874:
443:The CPP Investment Board invests in
292:Canada Pension Plan Investment Board
133:Canada Pension Plan Investment Board
58:adding citations to reliable sources
29:
3115:Canadian federal Crown corporations
2367:Fillmore, Nick (14 November 2016).
383:creating the CPP Investment Board.
24:
2036:Wallace, Alicia (8 October 2015).
1436:Smith, Brooke (December 4, 2007).
1379:Primack, Dan (November 16, 2015).
1349:
777:in U.S. cable television operator
748:and the $ 2.1-billion purchase of
512:, Embassy Office Parks, Eruditus,
374:Canada Pension Plan § History
25:
3136:
2465:
3049:
3048:
3039:
3038:
3028:
3019:
3018:
3008:
2999:
2998:
2989:
2988:
2403:. The Canadian Press. 2019-05-30
1981:from the original on 26 May 2015
1833:"Ten Years of Active Management"
540:resigned after traveling to the
251:
250:
34:
2414:
2360:
2335:
2309:
2297:
2276:
2254:
2240:"Equity markets Boost CPP Fund"
2232:
2184:Sovereign Wealth Fund Institute
2172:
2158:
2132:
2080:
2055:
2029:
2010:
1993:
1966:
1935:
1896:
1865:
1849:
1825:
1799:
1774:
1749:
1730:Mayers, Adam (April 14, 2016).
1723:
1657:Sovereign Wealth Fund Institute
1645:
1609:from the original on 2022-03-18
1589:
1563:
818:in a deal worth $ 4.6 billion.
575:According to the Office of the
514:Power Grid Corporation of India
322:established by way of the 1997
45:needs additional citations for
3075:1997 establishments in Ontario
2766:Publicly traded private equity
2217:. www.cppib.ca. Archived from
1999:Scott, Mark, and Emily Steel,
1878:. www.cppib.ca. Archived from
1514:
1456:
1429:
1397:
1372:
1335:
854:
829:'s Access Pipeline located in
750:Macquarie Communications Group
438:
13:
1:
3034:List of venture capital firms
2087:Svaldi, Also (29 July 2016).
1328:
847:in acquiring stake in German
836:In September 2016, CPPIB and
552:was CEO until June 13, 2016.
27:Canadian pension fund manager
3014:List of private equity firms
2771:Business Development Company
2139:Bray, Chad (28 April 2016).
1862:. Accessed 16 November 2022.
1444:. Transcontinental Media G.P
1244:
806:In November 2015, CPPIB and
415:. CPPIB is a partner of the
386:Under the direction of then
7:
1973:James Regan (15 May 2015).
1438:"Why the CPP is not an SWF"
1306:
480:International Towers Sydney
10:
3141:
2858:High-net-worth individuals
2648:Leveraged recapitalization
518:SBI Life Insurance Company
422:
371:
367:
3105:Social security in Canada
2984:
2881:
2800:
2746:Limited liability company
2724:
2706:Venture capital financing
2661:
2653:Dividend recapitalization
2618:
2609:
2566:
2518:
478:office tower development
466:, 50% of American luxury
272:
262:
258:646.8 Billion (June 2024)
244:
221:
196:
178:
168:
158:
146:
137:
1037:Rate of Return (annual)²
893:Rate of Return (annual)²
821:In July 2016, CPPIB and
725:Significant transactions
614:$ 3,562 billion by 2050.
611:$ 1,959 billion by 2040.
413:Public Service of Canada
2813:Institutional investors
1472:Financial System Review
577:Chief Actuary of Canada
362:assets under management
345:because it operates at
337:, having invested over
2951:Liquidation preference
2916:Distribution waterfall
2868:Sovereign wealth funds
1709:The Hamilton Spectator
1633:. Government of Canada
1577:. CPP Investment Board
1463:Gomes, Tamara (2008).
1291:The firm's former CEO
1199:
1032:Net Asset Value (CAD)¹
888:Net Asset Value (CAD)¹
608:$ 991 billion by 2030.
605:$ 671 billion by 2025.
536:on February 26, 2021.
315:
303:
184:; 26 years ago
182:December 31, 1997
3024:Venture capital firms
2776:Venture capital trust
1943:"CPPIB Press Release"
1196:Governor of São Paulo
1190:
781:for over US$ 9 Bn to
343:sovereign wealth fund
3090:Investment in Canada
3004:Private equity firms
2732:Private equity firms
2681:Post-money valuation
2558:Equity co-investment
2286:. The Canadian Press
1680:. 23 November 2015.
1602:World Economic Forum
1505:"2023 Annual Report"
1301:United Arab Emirates
1214:William ‘Mark’ Evans
808:CVC Capital Partners
542:United Arab Emirates
528:Future and direction
417:World Economic Forum
351:Government of Canada
267:Government of Canada
54:improve this article
18:CPP Investment Board
3095:Canada Pension Plan
3054:Portfolio companies
2971:Undercapitalization
2823:Insurance companies
2741:Limited partnership
2686:Pre-money valuation
2427:Wall Street Journal
1812:Wall Street Journal
1659:. October 10, 2016.
1284:in China's western
1204:Heather Munroe-Blum
746:Texas Pacific Group
571:Growth and strategy
548:. Prior to Machin,
484:Ontario Highway 407
388:Minister of Finance
380:Canada Pension Plan
328:Canada Pension Plan
316:Investissements RPC
228:Heather Munroe-Blum
134:
2906:Capital commitment
2676:Business incubator
2643:Buy–sell agreement
2242:. Vancouversun.com
2145:The New York Times
2022:2015-10-10 at the
1605:. 5 October 2021.
1200:
1183:Board of directors
400:board of directors
132:
3062:
3061:
2911:Capital structure
2796:
2795:
2638:Divisional buyout
2633:Management buyout
2628:Financial sponsor
2186:. 1 December 2014
1597:"CPP Investments"
1360:"CPP Investments"
1208:Sylvia Chrominska
1170:
1169:
1163:
1162:
1019:
1018:
708:
707:
502:Entertainment One
404:Crown corporation
395:Act of Parliament
320:Crown corporation
318:), is a Canadian
288:
287:
202:Queen Street East
163:Crown corporation
130:
129:
122:
104:
69:"CPP Investments"
16:(Redirected from
3132:
3052:
3051:
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3041:
3032:
3031:
3022:
3021:
3012:
3011:
3002:
3001:
2992:
2991:
2853:Commercial banks
2843:Investment banks
2751:Carried interest
2616:
2615:
2519:Investment types
2501:
2494:
2487:
2478:
2477:
2472:Official website
2459:
2458:
2452:
2444:
2442:
2441:
2418:
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2409:
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2379:
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2328:
2313:
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2301:
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2280:
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2271:
2269:
2258:
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2251:
2249:
2247:
2236:
2230:
2229:
2227:
2226:
2211:
2196:
2195:
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2191:
2176:
2170:
2169:
2162:
2156:
2155:
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2151:
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2130:
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2127:
2125:
2110:
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2103:
2101:
2099:
2084:
2078:
2077:
2075:
2073:
2059:
2053:
2052:
2050:
2048:
2033:
2027:
2014:
2008:
1997:
1991:
1990:
1988:
1986:
1970:
1964:
1963:
1961:
1960:
1954:
1948:. Archived from
1947:
1939:
1933:
1927:
1918:
1917:
1915:
1913:
1908:
1900:
1894:
1893:
1891:
1890:
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1803:
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1778:
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1720:
1718:
1716:
1700:
1694:
1693:
1691:
1689:
1670:
1661:
1660:
1649:
1643:
1642:
1640:
1638:
1632:
1624:
1618:
1617:
1615:
1614:
1593:
1587:
1586:
1584:
1582:
1567:
1561:
1560:
1558:
1556:
1545:
1536:
1535:
1533:
1532:
1518:
1512:
1511:
1509:
1501:
1492:
1491:
1485:
1483:
1469:
1460:
1454:
1453:
1451:
1449:
1433:
1427:
1426:
1424:
1422:
1417:on June 17, 2009
1416:
1409:
1401:
1395:
1394:
1392:
1390:
1376:
1370:
1369:
1367:
1366:
1356:
1347:
1346:
1339:
1297:COVID-19 vaccine
1278:Dahua Technology
1217:Ashleigh Everett
1023:
1022:
879:
878:
875:
849:Axel Springer SE
787:leveraged buyout
636:
635:
630:asset allocation
628:Employing basic
546:COVID-19 vaccine
482:, 50.01% of the
468:department store
449:public companies
306:), operating as
284:
281:
279:
254:
253:
192:
190:
185:
173:Asset management
142:
135:
131:
125:
118:
114:
111:
105:
103:
62:
38:
30:
21:
3140:
3139:
3135:
3134:
3133:
3131:
3130:
3129:
3065:
3064:
3063:
3058:
3044:Angel investors
2980:
2931:High-yield debt
2884:financial terms
2883:
2877:
2792:
2720:
2701:Startup company
2657:
2611:
2605:
2562:
2514:
2512:venture capital
2505:
2468:
2463:
2462:
2446:
2445:
2439:
2437:
2419:
2415:
2406:
2404:
2395:
2394:
2387:
2377:
2375:
2373:HuffPost Canada
2365:
2361:
2351:
2349:
2341:
2340:
2336:
2326:
2324:
2315:
2314:
2310:
2302:
2298:
2289:
2287:
2282:
2281:
2277:
2267:
2265:
2260:
2259:
2255:
2245:
2243:
2238:
2237:
2233:
2224:
2222:
2213:
2212:
2199:
2189:
2187:
2178:
2177:
2173:
2164:
2163:
2159:
2149:
2147:
2137:
2133:
2123:
2121:
2120:. July 14, 2016
2112:
2111:
2107:
2097:
2095:
2093:The Denver Post
2085:
2081:
2071:
2069:
2061:
2060:
2056:
2046:
2044:
2042:The Denver Post
2034:
2030:
2024:Wayback Machine
2015:
2011:
1998:
1994:
1984:
1982:
1971:
1967:
1958:
1956:
1952:
1945:
1941:
1940:
1936:
1928:
1921:
1911:
1909:
1906:
1902:
1901:
1897:
1888:
1886:
1882:
1875:
1871:
1870:
1866:
1854:
1850:
1841:
1839:
1837:CPP Investments
1831:
1830:
1826:
1816:
1814:
1804:
1800:
1791:
1789:
1780:
1779:
1775:
1766:
1764:
1755:
1754:
1750:
1740:
1738:
1728:
1724:
1714:
1712:
1702:
1701:
1697:
1687:
1685:
1672:
1671:
1664:
1651:
1650:
1646:
1636:
1634:
1630:
1626:
1625:
1621:
1612:
1610:
1595:
1594:
1590:
1580:
1578:
1569:
1568:
1564:
1554:
1552:
1547:
1546:
1539:
1530:
1528:
1526:CPP Investments
1520:
1519:
1515:
1507:
1503:
1502:
1495:
1481:
1479:
1467:
1461:
1457:
1447:
1445:
1442:Benefits Canada
1434:
1430:
1420:
1418:
1414:
1407:
1403:
1402:
1398:
1388:
1386:
1377:
1373:
1364:
1362:
1358:
1357:
1350:
1341:
1340:
1336:
1331:
1309:
1266:Calgary Shepard
1247:
1240:Kathleen Taylor
1228:John Montalbano
1185:
1171:
1123:$ 497.2 Billion
1112:$ 409.6 Billion
1101:$ 392.0 Billion
1090:$ 356.1 Billion
1079:$ 316.7 Billion
1068:$ 278.9 Billion
1057:$ 264.6 Billion
1046:$ 219.1 Billion
1027:Date (March 31)
1012:$ 183.3 Billion
1001:$ 161.6 Billion
990:$ 148.2 Billion
979:$ 127.6 Billion
968:$ 105.5 Billion
957:$ 122.7 Billion
946:$ 116.6 Billion
883:Date (March 31)
857:
764:Unibail-Rodamco
757:Westfield Group
727:
681:Private Equity
623:Diversification
573:
530:
441:
425:
376:
370:
360:646 billion in
308:CPP Investments
280:.cppinvestments
276:
235:
224:
217:
213:
188:
186:
183:
154:CPP Investments
151:
126:
115:
109:
106:
63:
61:
51:
39:
28:
23:
22:
15:
12:
11:
5:
3138:
3128:
3127:
3122:
3117:
3112:
3107:
3102:
3097:
3092:
3087:
3082:
3077:
3060:
3059:
3057:
3056:
3046:
3036:
3026:
3016:
3006:
2996:
2985:
2982:
2981:
2979:
2978:
2973:
2968:
2963:
2958:
2953:
2948:
2943:
2938:
2933:
2928:
2923:
2918:
2913:
2908:
2903:
2898:
2893:
2887:
2885:
2879:
2878:
2876:
2875:
2870:
2865:
2863:Family offices
2860:
2855:
2850:
2848:Merchant banks
2845:
2840:
2835:
2830:
2825:
2820:
2815:
2810:
2804:
2802:
2798:
2797:
2794:
2793:
2791:
2790:
2785:
2780:
2779:
2778:
2773:
2763:
2758:
2756:Management fee
2753:
2748:
2743:
2738:
2728:
2726:
2722:
2721:
2719:
2718:
2713:
2708:
2703:
2698:
2693:
2688:
2683:
2678:
2673:
2671:Angel investor
2667:
2665:
2659:
2658:
2656:
2655:
2650:
2645:
2640:
2635:
2630:
2624:
2622:
2613:
2607:
2606:
2604:
2603:
2598:
2593:
2588:
2583:
2578:
2572:
2570:
2564:
2563:
2561:
2560:
2555:
2550:
2545:
2540:
2535:
2534:
2533:
2522:
2520:
2516:
2515:
2508:Private equity
2504:
2503:
2496:
2489:
2481:
2475:
2474:
2467:
2466:External links
2464:
2461:
2460:
2413:
2401:Financial Post
2385:
2359:
2334:
2308:
2296:
2275:
2253:
2231:
2197:
2171:
2157:
2131:
2105:
2079:
2054:
2028:
2009:
1992:
1965:
1934:
1919:
1895:
1864:
1848:
1824:
1798:
1786:Advisor's Edge
1773:
1748:
1722:
1695:
1662:
1644:
1619:
1588:
1562:
1537:
1513:
1493:
1476:Bank of Canada
1455:
1428:
1396:
1371:
1348:
1333:
1332:
1330:
1327:
1326:
1325:
1320:
1315:
1308:
1305:
1246:
1243:
1242:
1241:
1238:
1235:
1232:
1229:
1226:
1221:
1218:
1215:
1212:
1209:
1206:
1184:
1181:
1168:
1167:
1161:
1160:
1157:
1154:
1150:
1149:
1146:
1143:
1139:
1138:
1135:
1132:
1128:
1127:
1124:
1121:
1117:
1116:
1113:
1110:
1106:
1105:
1102:
1099:
1095:
1094:
1091:
1088:
1084:
1083:
1080:
1077:
1073:
1072:
1069:
1066:
1062:
1061:
1058:
1055:
1051:
1050:
1047:
1044:
1040:
1039:
1034:
1029:
1020:
1017:
1016:
1013:
1010:
1006:
1005:
1002:
999:
995:
994:
991:
988:
984:
983:
980:
977:
973:
972:
969:
966:
962:
961:
958:
955:
951:
950:
947:
944:
940:
939:
936:
935:$ 98.0 Billion
933:
929:
928:
925:
924:$ 81.3 Billion
922:
918:
917:
914:
913:$ 70.5 Billion
911:
907:
906:
903:
902:$ 55.6 Billion
900:
896:
895:
890:
885:
873:
856:
853:
726:
723:
722:
721:
706:
705:
702:
699:
696:
692:
691:
688:
685:
682:
678:
677:
674:
671:
668:
664:
663:
660:
657:
654:
653:Public Equity
650:
649:
646:
643:
640:
634:
633:
626:
616:
615:
612:
609:
606:
572:
569:
529:
526:
494:discount store
445:private equity
440:
437:
424:
421:
369:
366:
335:private equity
286:
285:
274:
270:
269:
264:
260:
259:
248:
242:
241:
225:
222:
219:
218:
215:
205:
204:, Suite 2500,
198:
194:
193:
180:
176:
175:
170:
166:
165:
160:
156:
155:
152:
147:
144:
143:
128:
127:
42:
40:
33:
26:
9:
6:
4:
3:
2:
3137:
3126:
3123:
3121:
3118:
3116:
3113:
3111:
3108:
3106:
3103:
3101:
3098:
3096:
3093:
3091:
3088:
3086:
3083:
3081:
3078:
3076:
3073:
3072:
3070:
3055:
3047:
3045:
3037:
3035:
3027:
3025:
3017:
3015:
3007:
3005:
2997:
2995:
2987:
2986:
2983:
2977:
2974:
2972:
2969:
2967:
2964:
2962:
2959:
2957:
2954:
2952:
2949:
2947:
2944:
2942:
2939:
2937:
2934:
2932:
2929:
2927:
2924:
2922:
2919:
2917:
2914:
2912:
2909:
2907:
2904:
2902:
2899:
2897:
2894:
2892:
2889:
2888:
2886:
2880:
2874:
2871:
2869:
2866:
2864:
2861:
2859:
2856:
2854:
2851:
2849:
2846:
2844:
2841:
2839:
2836:
2834:
2831:
2829:
2828:Fund of funds
2826:
2824:
2821:
2819:
2818:Pension funds
2816:
2814:
2811:
2809:
2806:
2805:
2803:
2799:
2789:
2786:
2784:
2781:
2777:
2774:
2772:
2769:
2768:
2767:
2764:
2762:
2759:
2757:
2754:
2752:
2749:
2747:
2744:
2742:
2739:
2737:
2733:
2730:
2729:
2727:
2723:
2717:
2716:Venture round
2714:
2712:
2709:
2707:
2704:
2702:
2699:
2697:
2694:
2692:
2689:
2687:
2684:
2682:
2679:
2677:
2674:
2672:
2669:
2668:
2666:
2664:
2660:
2654:
2651:
2649:
2646:
2644:
2641:
2639:
2636:
2634:
2631:
2629:
2626:
2625:
2623:
2621:
2617:
2614:
2608:
2602:
2599:
2597:
2594:
2592:
2589:
2587:
2584:
2582:
2579:
2577:
2576:Early history
2574:
2573:
2571:
2569:
2565:
2559:
2556:
2554:
2551:
2549:
2546:
2544:
2541:
2539:
2536:
2532:
2529:
2528:
2527:
2524:
2523:
2521:
2517:
2513:
2509:
2502:
2497:
2495:
2490:
2488:
2483:
2482:
2479:
2473:
2470:
2469:
2456:
2450:
2436:
2432:
2428:
2424:
2417:
2402:
2398:
2392:
2390:
2374:
2370:
2363:
2348:
2344:
2338:
2322:
2321:foecanada.org
2318:
2312:
2305:
2300:
2285:
2279:
2263:
2257:
2241:
2235:
2221:on 2012-07-15
2220:
2216:
2210:
2208:
2206:
2204:
2202:
2185:
2181:
2175:
2167:
2161:
2146:
2142:
2135:
2119:
2115:
2109:
2094:
2090:
2083:
2068:
2064:
2058:
2043:
2039:
2032:
2025:
2021:
2018:
2013:
2006:
2002:
1996:
1980:
1976:
1969:
1955:on 2017-11-16
1951:
1944:
1938:
1931:
1926:
1924:
1905:
1899:
1885:on 2012-02-12
1881:
1874:
1868:
1861:
1857:
1852:
1838:
1834:
1828:
1813:
1809:
1802:
1787:
1783:
1777:
1763:. 21 May 2021
1762:
1758:
1752:
1737:
1733:
1726:
1711:
1710:
1705:
1699:
1683:
1679:
1675:
1669:
1667:
1658:
1654:
1648:
1629:
1623:
1608:
1604:
1603:
1598:
1592:
1576:
1575:News Releases
1572:
1566:
1550:
1549:"Our History"
1544:
1542:
1527:
1523:
1517:
1506:
1500:
1498:
1490:
1477:
1473:
1466:
1459:
1443:
1439:
1432:
1413:
1406:
1400:
1385:
1382:
1375:
1361:
1355:
1353:
1344:
1338:
1334:
1324:
1321:
1319:
1316:
1314:
1311:
1310:
1304:
1302:
1298:
1294:
1289:
1287:
1283:
1279:
1275:
1271:
1267:
1263:
1259:
1256:In May 2019,
1254:
1250:
1239:
1236:
1233:
1230:
1227:
1225:
1222:
1220:Tahira Hassan
1219:
1216:
1213:
1210:
1207:
1205:
1202:
1201:
1197:
1193:
1189:
1180:
1177:
1174:
1166:
1158:
1156:$ 632 Billion
1155:
1152:
1151:
1147:
1145:$ 570 Billion
1144:
1141:
1140:
1136:
1134:$ 539 Billion
1133:
1130:
1129:
1125:
1122:
1119:
1118:
1114:
1111:
1108:
1107:
1103:
1100:
1097:
1096:
1092:
1089:
1086:
1085:
1081:
1078:
1075:
1074:
1070:
1067:
1064:
1063:
1059:
1056:
1053:
1052:
1048:
1045:
1042:
1041:
1038:
1035:
1033:
1030:
1028:
1025:
1024:
1021:
1014:
1011:
1008:
1007:
1003:
1000:
997:
996:
992:
989:
986:
985:
981:
978:
975:
974:
970:
967:
964:
963:
959:
956:
953:
952:
948:
945:
942:
941:
937:
934:
931:
930:
926:
923:
920:
919:
915:
912:
909:
908:
904:
901:
898:
897:
894:
891:
889:
886:
884:
881:
880:
877:
876:
872:
868:
864:
860:
852:
850:
846:
841:
839:
834:
832:
828:
824:
819:
817:
814:pet supplier
813:
809:
804:
802:
797:
795:
790:
788:
784:
780:
776:
771:
769:
765:
762:In May 2015,
760:
758:
753:
751:
747:
743:
738:
736:
732:
719:
714:
710:
709:
703:
700:
697:
694:
693:
689:
686:
683:
680:
679:
675:
672:
669:
667:Fixed Income
666:
665:
661:
658:
655:
652:
651:
647:
644:
641:
638:
637:
631:
627:
624:
621:
620:
619:
613:
610:
607:
604:
603:
602:
599:
597:
592:
589:
584:
580:
578:
568:
564:
562:
561:David Denison
558:
557:United States
553:
551:
547:
544:to receive a
543:
539:
535:
525:
521:
519:
515:
511:
507:
503:
499:
495:
492:
488:
485:
481:
477:
473:
472:Neiman Marcus
469:
465:
461:
458:
454:
450:
446:
436:
434:
430:
420:
418:
414:
409:
405:
401:
396:
392:
389:
384:
381:
375:
365:
363:
359:
354:
352:
348:
344:
340:
336:
331:
329:
325:
321:
317:
313:
309:
305:
301:
297:
293:
283:
275:
271:
268:
265:
261:
257:
249:
247:
243:
239:
236:John Graham (
233:
229:
226:
220:
212:
208:
203:
199:
195:
181:
177:
174:
171:
167:
164:
161:
157:
153:
150:
145:
141:
136:
124:
121:
113:
102:
99:
95:
92:
88:
85:
81:
78:
74:
71: –
70:
66:
65:Find sources:
59:
55:
49:
48:
43:This article
41:
37:
32:
31:
19:
2976:Vintage year
2901:Capital call
2873:Crowdfunding
2808:Corporations
2711:Venture debt
2438:. Retrieved
2426:
2416:
2405:. Retrieved
2400:
2376:. Retrieved
2372:
2362:
2350:. Retrieved
2346:
2337:
2325:. Retrieved
2320:
2311:
2299:
2288:. Retrieved
2278:
2266:. Retrieved
2256:
2244:. Retrieved
2234:
2223:. Retrieved
2219:the original
2188:. Retrieved
2183:
2174:
2160:
2148:. Retrieved
2144:
2134:
2122:. Retrieved
2108:
2096:. Retrieved
2092:
2082:
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347:arm's length
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197:Headquarters
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52:Please help
47:verification
44:
2838:Foundations
2761:Pledge fund
2553:Secondaries
2378:22 December
2352:22 December
2327:22 December
2323:. June 2016
2098:22 December
2072:22 December
2067:Marketwired
2047:22 December
2003:, New York
1977:. Reuters.
1389:January 13,
1293:Mark Machin
1234:Mary Phibbs
1231:Barry Perry
1224:Chuck Magro
1211:Dean Connor
855:Performance
775:BC Partners
588:value-added
538:Mark Machin
534:Mark Machin
489:, 21.5% of
453:real estate
439:Investments
391:Paul Martin
232:chairperson
3069:Categories
2926:Envy ratio
2833:Endowments
2696:Seed money
2610:Terms and
2440:2022-06-15
2407:2020-07-02
2290:2008-05-22
2225:2008-02-17
1959:2017-11-16
1889:2008-06-24
1842:2023-08-12
1792:2023-08-12
1767:2022-03-24
1613:2022-11-06
1581:10 January
1531:2024-03-10
1365:2024-08-15
1329:References
1192:João Doria
794:GE Capital
779:Suddenlink
742:IMS Health
476:Australian
408:Parliament
372:See also:
223:Key people
189:1997-12-31
149:Trade name
80:newspapers
2896:Cap table
2801:Investors
2725:Structure
2543:Mezzanine
2531:Leveraged
2449:cite news
2435:0099-9660
1912:9 January
1741:April 15,
1715:12 August
1637:13 August
1555:13 August
1274:Hikvision
1262:Tom Kmiec
1245:Criticism
810:acquired
735:Microsoft
648:2018 mix
645:2013 mix
642:2008 mix
596:inflation
510:Delhivery
474:, 50% of
460:pet store
349:from the
2946:Leverage
2882:Related
2612:concepts
2347:CBC News
2264:. cbc.ca
2190:July 15,
2118:CBC News
2020:Archived
1979:Archived
1682:Archived
1607:Archived
1307:See also
1286:Xinjiang
1237:Boon Sim
812:American
498:Homeplus
457:American
169:Industry
2956:M&A
2663:Venture
2568:History
2538:Venture
2268:May 21,
2246:May 17,
2150:10 July
2124:July 7,
2017:Reuters
1688:30 June
1678:Reuters
1551:. CPPIB
1478:: 41–44
1384:Fortune
1299:in the
1282:Uyghurs
1126:+20.4%
1104:+11.1%
1082:+11.8%
1060:+18.7%
1049:+16.5%
1015:+10.1%
993:+11.9%
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960:-0.29%
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938:+15.5%
916:+10.3%
831:Alberta
823:Calgary
423:Mandate
368:History
330:(CPP).
273:Website
211:Ontario
207:Toronto
187: (
179:Founded
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2921:EBITDA
2620:Buyout
2548:Growth
2526:Buyout
2433:
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1489:money)
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1159:+8.0%
1148:+1.3%
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713:equity
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