Canada's Largest Pension Fund Reportedly Selling C$11.7 Billion in Asian Private Equity Assets

robot
Abstract generation in progress

Foreign reports citing sources say that the Canada Pension Plan Investment Board (CPPIB) is seeking to reduce its exposure in Asian private equity by selling fund stakes.

The report states that this Canadian pension fund, the largest in the country, began looking for advisors earlier this year to assist in selling some investments made in the mid-2010s.

Sources indicate that the total value of the stakes for sale is approximately $1.5 billion (about HKD 11.7 billion), including strategies managed by Hillhouse Capital, Bain Capital, and TPG Capital. The sale process is still ongoing, and plans may change.

CPPIB is selling some of its early Asian investments entrusted to these management firms. According to CPPIB’s website, between 2014 and 2016, CPPIB invested about $1 billion (around HKD 7.8 billion) in Asian strategies managed by Hillhouse, Bain, and TPG.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments