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Private Equity

By applying our comparative advantages – scale, certainty of assets and our long investment horizon – our teams pursue the best opportunities worldwide.

Holdings

Direct Private Equity
Growth Equity
Private Equity Asia
Private Equity Funds
Secondaries

Focused on direct investments in private companies across North America and Europe.

Our Investments

Focused on venture and growth fund investments as well as direct 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.

Website

Advarra

Location: United States
Date of investment: 2022

Advarra is a leading provider of regulatory, quality, and compliance solutions and clinical trial technologies in the life sciences sector to sponsors, CROs, research sites, investigators, and academia.

Website

Aareal Bank

Location: Germany
Date of investment: 2021

Aareal Bank Group is a leading international provider of financing, banking and payment solutions for the property sector and related industries.

Website

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.

Website    

Axel Springer

Location: Germany
Total investments: €696 million
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).

Website

Berlin Packaging

Location: United States
Total investments: 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.

Website

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.

Website

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.

Website

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.

Website

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.

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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.

Website

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.

Website    

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.

Website

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.

Website

Merlin Entertainments

Location: Poole, UK
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.

Website

Mytheresa

Location: 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.

Website

Ontic

Location: United Kingdom
Date of investment: 2024

Ontic is a leading assembler of high‐quality OEM‐licensed components and repair services for mature Aerospace and Defense platforms, with portfolio of >8,000 critical systems & products serving 1,500 customers.

Website

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.

Website

Qualtrics

Location: United States
Date of investment: 2023

Founded in 2002, Qualtrics pioneered a new category of software, experience management (“XM”) which enables users to collect feedback and capture signals, aggregate and analyze customer and employee data, and drive insights and actions.

Website

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.

Website

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.

Website    

Ultimate Kronos Group (“UKG”)

Location: United States
Date of investment: 2019

Ultimate Kronos Group (“UKG”) is the combination of Ultimate Software, a leading provider of cloud-based Human Capital Management (“HCM”) solutions, and Kronos, the global leader in Workforce Management (“WFM”) solutions. Together, UKG is a leading provider of best-of-breed HCM solutions and one of the largest enterprise SaaS companies globally with over 50,000 customers across all industry verticals and customer sizes.

CPP Investments first invested in Ultimate Software in 2019 alongside our partners. In 2020, the consortium closed the all-stock merger between Ultimate and Kronos.

Website 

Universal Investment

Location: Germany
Date of investment: April 2023

The leading independent provider of third-party management company and fund administration services in Germany and Luxembourg, servicing institutional investors and asset managers.

Website

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.

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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.

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Waystar

Location: United States
Date of investment: 2019

Waystar provides next-generation, cloud-based technology that simplifies and unifies the healthcare revenue cycle.

Website

10x Future Technologies

Location: England
Date of 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.

Website

Aerospike

Location: United States
Date of Investment: 2019

Database management system that facilitates fraud prevention, payments processing, secure messaging and analytics.

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Asimov

Location: United States
Date of Investment: 2021

Cell engineering company developing cell lines for therapeutics and other applications in cell biology. The company’s proprietary software leverages company-aided design (CAD) to optimize cellular programming.

Website

Aurora Innovation

Location: United States
Date of 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.

Website

Carta

Location: United States
Date of Investment: 2021

Carta provides equity management solutions for private companies, primarily focused on helping companies, shareholders, employees, auditors, and counsel manage equity electronically.

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Chargepoint

Location: United States
Date of 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.

Website

Clarifai

Location: United States
Date of 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 offices in New York City, San Francisco, Washington, D.C., and Tallinn, Estonia.

Website

Coralogix

Location: Israel
Date of Investment: 2024

Founded in 2015, Coralogix provides a comprehensive observability platform to its global customer base. The company uses real-time streaming architecture to provide monitoring, visualization, and alerting without the burden of indexing.

Website

Cytovale

Location: United States
Date of Investment: 2024

A commercial-stage medical diagnostics company focused on advancing rapid detection solution for sepsis.

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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.

Website

Databricks

Location: United States
Date of 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.

Website

DriveWealth

Location: United States
Date of Investment: 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.

Website

Eikon Therapeutics

Location: United States
Date of Investment: 2022

Biotechnology company applying advanced engineering and high-performance computing to the identification of new medicines.

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Form Energy

Location: United States
Date of Investment: 2022

Form Energy is an American energy storage technology and manufacturing company that is developing and commercializing a pioneering iron-air battery capable of storing electricity for 100 hours at system costs competitive with legacy power plants. Form’s multi-day battery will reform the global electricity system to reliably run on 100% low-cost renewable energy, every day of the year.

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Hexagon Bio

Location: United States
Date of Investment: 2022

Hexagon is a drug discovery platform that computationally mines the genome of fungi to find new treatments for cancer and infectious diseases. Penicillin is a drug from the fungi genome.

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Human Interest

Location: United States
Date of Investment: 2023

Human Interest Inc. is an affordable, full-service 401(k) and 403(b) provider that seeks to make it easy for businesses in the United States to assist their employees with investing for retirement.

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Inari

Location: United States
Date of Investment: 2022

Inari, the SEEDesign™ company, makes seeds that address the world’s needs, pushing the boundaries of what is possible for a more sustainable, nature-positive food system. Through a combination of AI-powered predictive design and a pioneered multiplex gene editing toolbox, the company is unlocking the full potential of seed to bring step-change products to market.

Website

Insitro

Location: United States
Date of 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.

Website

Klarna

Location: Sweden
Date of Investment: 2022

With over 150 million global active users and 2 million transactions per day, Klarna is meeting the changing demands of consumers by saving them time and money while helping them be informed and in control. Over 450,000 global retail partners, including H&M, Saks, Sephora, Macys, IKEA, Expedia Group, and Nike have integrated Klarna’s innovative technology to deliver a seamless shopping experience online and in-store. Klarna has over 6,000 employees and is active in 45 markets.

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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.

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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.

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Meati

Location: United States
Date of Investment: 2022

Founded in 2017, Meati Foods is working to change the way we eat by democratizing access to delicious, nutrient-rich, complete protein in a way that protects and preserves our planet’s water, land and air. Eat Meati™ is the debut product line from Meati Foods featuring whole-food cutlets and steaks made from mushroom root via through modernized ancient, natural processes in a toxicity-free environment with no heavy metals, pesticides or antibiotics.

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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.

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National Resilience

Location: United States
Date of Investment: 2021

National Resilience is a contract development and manufacturing organization (CDMO) for next-generation therapies, including gene therapies, mRNA, and other high-innovation biotechnology.

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Netskope

Location: United States
Date of 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.

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Perfect Day

Location: United States
Date of Investment: 2020

Perfect Day 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.

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Personio

Location: Germany
Date of Investment: 2022

Founded in 2015 and based in Germany, Personio is an end-to-end HR software provider for European SMBs.

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Plaid

Location: United States
Date of Investment: 2021

Fintech platform that acts as middleware between financial institutions and third-party applications.

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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.

Website

Rippling

Location: United States
Date of Investment: 2024

Rippling is the workforce management platform that unifies HR, IT, finance, and more. Built on a single source of truth for employee data and integrated with 500+ apps, Rippling allows businesses to execute more efficiently.

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Scale

Location: United States
Date of Investment: 2024

Scale delivers high quality training data for major AI foundation models and enterprises using AI to unlock proprietary data.

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Redwood Materials

Location: United States
Date of 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.

Website

Sana Biotechnology (SANA US)

Location: United States
Date of Investment: 2019

Biotechnology company focused on creating and delivering engineered cells as medicines.

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ServiceTitan

Location: United States
Date of Investment: 2023

ServiceTitan is a cloud-based software platform built to power trades businesses. The company’s end-to-end solution gives contractors the tools they need to run and grow their business, manage their back office, and provide a stellar customer experience. By bringing an integrated SaaS platform to an industry historically underserved by technology, ServiceTitan is equipping tradespeople with the technology they need to keep the world running.

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Sila Nano

Location: United States
Date of 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.

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Tegus-Canalyst

Location: United States
Date of Investment: 2021

Developer of investment research platform designed to provide buy-side primary data analysis and financial models built to replicate public equity investor models.

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Viking Cruises

Location: Bermuda
Date of 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.

Website

Tray.io

Location: UK
Date of Investment: 2022

Tray.io is a low-code infrastructure integration platform, which through easy to build processes connects, integrates and un-silos data through the use of open APIs of backend SaaS products. The company sells mainly to middle-market corporations (2000+ employees).

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Untether AI

Location: Canada
Date of Investment: 2021

Untether AI, the leader in at-memory computation and AI inference acceleration. Untether AI provides efficient, high-performance AI inference chips to enable new frontiers in AI applications.

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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.

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Andreessen Horowitz

Location: United States
Date of initial commitment: 2019

Multi-stage venture capital firm investing across the consumer, enterprise, healthcare, crypto, and fintech sectors.

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Arch Venture Partners

Location: United States
Date of initial commitment: 2021

Early stage biotech VC that primarily invests in companies it co-founds with leading scientists and entrepreneurs, bringing innovations in life sciences and physical sciences to market.

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Bain Capital Life Sciences

Location: United States
Date of initial commitment: 2024

Bain Capital Life Sciences is the life sciences investing arm of Bain Capital. The firm invests in life sciences companies, with a focus on pharmaceuticals and biotechnology.

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Bond Capital

Location: United States
Date of initial commitment: 2021

Late stage technology VC led by former Kleiner Perkins professionals.

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Dragoneer Investment Group

Location: United States
Date of initial commitment: 2018

Dragoneer is a global firm that invests in technology-enabled businesses.

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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.

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Greenoaks Capital

Location: Global
Date of Initial Commitment: 2021

Research-driven VC focused on growth-stage investments in Internet and technology-enabled businesses globally.

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Highland Europe

Location: UK
Date of initial commitment: 2022

Highland Europe is a London-based growth equity firm investing in growth-stage software, internet and consumer technology companies in Europe with notable investments in Adjust, ContentSquare, WeTransfer and Wolt. Highland seeks to acquire positions in primarily early growth equity opportunities, focusing on European companies, with proven unit economics, demonstrated capital efficiency, and compelling growth trajectories, thereby reducing overall investment risk.

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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.

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Index Ventures

Location: United States and Europe
Date of initial commitment: 2020

Venture capital firm that invests in technology-enabled businesses across the consumer, enterprise, and financial services sectors in Europe and the United States.

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Meritech Capital Partners

Location: United States
Date of Investment: 2022

Growth-stage venture capital firm backing companies across the software, consumer internet, fintech and healthcare sectors with notable investments including Roblox, UiPath, Snowflake, Datadog, Facebook and Salesforce.

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NewView Capital

Location: United States
Date of initial commitment: 2020

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 secondary investments as well as selective portfolio acquisitions.

Website

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.

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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.

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Sands Capital

Location: North America
Date of Investment: 2024

Global growth investor in innovative businesses across technology and life sciences.

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Scale Venture Partners

Location: United States
Date of initial commitment: 2020

Expansion stage venture capital firm focused on enterprise software and cognitive apps.

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Sequoia Capital

Location: Global
Date of initial commitment: 2018

Global venture capital firm with a long history of investing in technology pioneers.

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True Ventures

Location: United States
Date of initial commitment: 2020

Early stage venture capital firm focused on making Seed and Series A investments and following-on in select later stage financings of breakout portfolio companies.

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Two Sigma Ventures

Location: United States
Date of initial commitment: 2022

Two Sigma Ventures is a New York based, early-stage venture capital firm investing in companies utilizing data science and computing advances across many industries (enterprise, consumer tech, fintech, and healthcare) with notable past investments including Whoop, Remote, Carbon Health, Socure, and Insitro.

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51job

Location: China
Date of investment: April 2022

51Job is a leading integrated HR services provider in China operating across online and offline segments.

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Accion Labs

Location: India
Date of investment: September 2022

Accion Labs is a digital product engineering and services company.

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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.

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Acuon Capital

Location: South Korea
Date of investment: 2019

Acuon Capital is a leading alternative lending platform in South Korea.

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Accordia Golf

Location: Japan
Date of investment: 2017

Accordia Golf is a leading golf course operator in Japan.

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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”.

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AI Dream

Location: China
Date of investment: 2021

The leading premium mattress player in China with two main brands under “Serta” and “King Koil”.

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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.

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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.

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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.

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Atria Convergence Technologies

Location: India
Date of investment: 2016

Atria Convergence Technologies is a leading provider of fixed-line broadband services in India.

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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.

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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

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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.

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China Merchants Loscam 

Location: China
Date of investment: December 2018

China Merchants Loscam is a leading pooling and returnable packages solutions provider in Asia.

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Chindex

Location: China
Date of investment: 2014

Chindex is a leading operator of premium hospitals and clinics in China.

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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.

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CINIC

Location: China
Date of investment: March 2022

A leading high performance pigment manufacturer based in China.

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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.

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EEO Group

Location: China
Date of investment: 2020

EEO Group is a leading Chinese online education solution provider.

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EcoCeres

Location: Hong Kong
Date of investment: January 2023

EcoCeres is a leading renewable diesel bio-refinery company in Asia.

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Eruditus Learning

Location: India
Date of investment: 2021

An Ed-Tech company that assists leading global universities to deliver online education globally.

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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.

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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.

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Fresheasy

Location: South Korea
Date of investment: April 2022

Fresheasy is a leading manufacturer and seller of home meal replacement products in Korea with a dominant position in the domestic meal kit market.

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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.

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Happy Life Tech

Location: China
Date of investment: 2019

Happy Life Tech is a leading healthcare big data infrastructure and analytical platform in China.

Website 

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.

Website    

Hitachi Metals

Location: Japan
Date of investment: January 2023

Hitachi Metals is a manufacturer of various parts and components serving a global blue-chip client base across the auto, industrial and electronic end markets.

Website

Homeplus

Location: South Korea
Date of investment: 2015

Homeplus is a leading operator of hypermarkets, supermarkets, and convenience stores in South Korea.

Website    

HCP Global

Location: China
Date of investment: 2022

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.

Website

Infocom Corporation

Location: Japan
Date of investment: 2024

A leading online comic platform in Japan.

Website

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.

Website

IIFL Wealth Management

Location: India
Date of investment: October 2022

IIFL Wealth Management is a leading wealth management platform in India.

Website

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.

Website

Kogta Financial

Location: India
Date of investment: May 2022

Kogta Financial is an NBFC focusing on new and used vehicle financing and lending to MSMEs in semi-rural areas in India.

Website

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.

Website

Kuaishou Technology

Location: China
Date of investment: January 2020

Kuaishou Technology is a leading mobile short video sharing and live streaming platform in China.

Website

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.

Website

Navitas Limited

Location: Australia
Date of investment: 2019

Navitas is a global leader in university pathway programs operating across Australia, Canada and the UK.

Website

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. 

Website

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.

Website

Nord Anglia Education

Location: London
Investment: US$1.0 billion
Date of investment: 2017

Nord Angelia Education is a leading global premium private school operator headquartered in London. It has a network of 80+ K-12 schools across Asia, Americas, Europe, and the Middle East.

Website 

Patties Food

Location: Australia
Date of investment: 2023

The merge of two complementary leading frozen food producers in Australia and New Zealand, Patties Food and Vesco Food.

Website

PT Samator Indo Gas

Location: Indonesia
Date of investment: 2023

The largest industrial gas company in Indonesia.

Website

Pushpay

Location: New Zealand
Date of investment: 2023

A New Zealand headquartered payments software provider for churches.

Website

QCraft

Location: China
Date of investment: 2021

An emerging L4 autonomous vehicles company in China.

Website

Razer

Location: United States
Date of investment: May 2022

Razer is a global lifestyle brand for gamers, providing gaming peripherals, gaming laptops and desktops, gaming accessories and software solutions worldwide.

Website

Sajjan India

Location: India
Date of investment: May 2022

Sajjan India is a leading India-based Contract Development and Manufacturing Organization for agrochemicals and other specialty chemicals.

Website

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.

Website

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. 

Website

Shandong Fengxiang

Location: China
Date of investment: January 2023

Shandong Fengxiang is one of the largest fully integrated white feather chicken producers in China.

Website

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.

Website   

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.

Website

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.

Website

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.

Website

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.

Website

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.

Website   

Tricor

Location: Hong Kong
Date of Investment: December 2021

Tricor is a leading Asia-focused provider of Trust & Corporate Services.

Website

TRY Group

Location: Japan
Date of investment: 2021

The largest one-on-one tutoring services provider in Japan.

Website

Ver Se Innovation

Location: India
Date of investment: 2022

India’s largest online platform for vernacular content.

Website

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.

Website

Viewpoint

Location: Malaysia
Date of investment: January 2023

Viewpoint is a leading provider of Entity Management Software used by Trust, Corporate, Fund Admin service providers and corporates, across 80 jurisdictions.

Website

Works Human Intelligence

Location: Japan
Date of investment: 2023

A leading Human Capital Management software company in Japan.

Website

Yingde Gases Croup Co., Ltd.

Location: China
Date of investment: 2017

Yingde Gases Group is China’s leading independent supplier of industrial gases. 

Website    

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.

Website

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.

Website

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.

Website    

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.

Website    

Bain Capital

Location: Global
Total Investment: €450 million; US$1.1 billion; JPY 6 billion
Date of initial investment: 2014

Bain Capital is a global private equity firm focused on buyout opportunities. CPP Investments committed €175 million to Bain Capital Europe IV in 2014, €175 million to Bain Capital Europe V in 2018, €100 million to Bain Capital Europe Fund VI in 2022, US$250 million to Bain Capital Fund XII in 2017, US$270 million to Bain Capital Asia III in 2016, US$275 million to Bain Capital Asia IV in 2018, US$300 million to Bain Capital Asia V in 2022, and JPY 6.0 billion to the Bain Capital Japan Middle Market Fund in 2021.

Website

BPEA EQT

Location: Asia
Commitment: US$1,635 million
Date of initial investment: 2010

BPEA EQT is a 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, US$600 million to Baring Asia Fund VIII in 2021, and US$100 million to BPEA EQT Mid-Market Growth Fund in 2022.

Website

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.

Website

The Blackstone Group

Location: Global
Commitment: US$6.0 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, CPP Investments 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. In 2022, CPP Investments committed US$1 billion to BCP IX.

Website

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.

Website    

CVC Capital Partners

Location: Global
Commitment: US$935 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, US$275 million to CVC Asia Pacific V in 2019, and US$400 million to CVC Asia Pacific VI in 2022.

Website

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.

Website

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.

Website

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.

Website

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.

Website    

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.

Website

Kedaara Capital

Location: India
Total investments: US$175 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. CPP Investments committed US$75 million to Kedaara III in 2021 and US$100 million to Kedaara IV in 2024.

Website

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.
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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.

Website

MBK Partners

Location: Asia
Commitment: US$1.6 billion
Date of initial investment: 2008

MBK Partners is a North Asian private equity firm focused on control buyout opportunities in Korea, Japan, and Greater China. 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, US$500 million to MBK V in 2019, and US$175 million to MBK VI in 2023.

Website

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.

Website

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
Total Investments: US$520 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, US$160 million to Multiples III in 2019, and US$160 million to Multiples IV in 2023.

Website

NewQuest Capital

Location: Asia
Commitment: US$275 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 and US$150 million to NewQuest Asia Fund V in 2022.

Website

PAG Asia Capital

Location: Asia
Total investments: US$1.1 billion
Date of initial investment: 2015

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, US$380 million to PAG Asia III in 2018, and US$400 million to PAG Asia IV in 2022.

Website

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.

Website

Sequoia Capital

Location: China/India/United States
Commitment: US$840 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. CPPIB Private Equity Asia has committed ∼US$840M to Sequoia through 15 funds to date.

Website

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.

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Website

The Carlyle Group

Location: Global
Total investments: US$0.8 billion
Date of investment: 2017

The Carlyle Group is a large, global private equity firm focused on buyout and growth opportunities. CPPIB committed US$375 million to Carlyle Asia Partners V in 2017 and US$400 million to Carlyle Asia Partners VI in 2023, which focus on control buyouts and minority investments in mid-to-large companies across Asia.

Website

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.

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.

Website

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.

Website    

Trustar Capital Partners (fka CITIC Capital China Partners)

Location: China
Total investments: US$774 Million
Date of initial investment: 2007

Trustar Capital Partners (fka CITIC Capital China Partners) is the flagship buyout private equity arm of CITIC Capital Holdings, focusing on control-oriented buyouts and growth investments. CPPIB committed US$50 million to CITIC Capital China Partners I in 2007, US$175 million to CITIC Capital China Partners II in 2009, US$175 million to CITIC Capital China Partners III in 2016, US$274 million to CITIC Capital China Partners IV in 2018, and US$100 million to Trustar Capital Fund V in 2022.

Website

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.

Website

Adevinta

Location: Europe
Commitment: US$110 million
Date of investment: 2024

Leading online classifieds platform in Europe.

Website

AddSecure

Location: Sweden
Date of investment: 2019

Provider of communications solutions for alarm, security and building infrastructure industries in Europe.

Website

Aldevron

Location: United States
Date of investment: 2019

Supplier of plasmid DNA, a critical raw material used in cell and gene therapies.

Website

Anaplan

Location: United States
Total investments: US$50 million
Date of investment: May 2022

A provider of cloud-based planning and analytics software that allows organizations to build and manage collaborative planning and forecasting models to improve decision making.

Website

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.

Website

Authentic Brands Group

Location: United States
Total investments: 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.

Website

Avetta

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Bad Boy

Location: United States
Date of investment: 2019

Manufacturer of high-performance mowers.

Website

BCA Marketplace

Location: United Kingdom
Date of investment: 2019

Used car marketplace owner and operator in the UK and Europe.

Website

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.

Website

Cetera Financial Group

Location: United States
Total investments: US$75 million

Cetera is a US-based investment advisor network and wealth management platform.

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.

Website

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.

CRF Health Website
Bracket Global Website

Dechra Pharmaceuticals

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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.

Website    

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.

Website

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.

Website

Forcepoint G2CI

Forcepoint G2CI is a leading provider of cybersecurity solutions to the U.S. Department of Defense and Intelligence Community.

Gehl Food & Beverage

Location: United States

U.S.-based developer and manufacturer of shelf-stable protein drinks, plant-based milks, soups, cheese sauces and chili for blue chip brands, retailers, and foodservice customers across North America.

Website

GlobalTranz

Location: United States
Date of investment: 2019

GlobalTranz is a US-based freight brokerage technology company serving the domestic 3rd party logistics market.

Website 

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.

Website 

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.

Website

Howden Group

Location: Global
Commitment: US$52.5 million
Date of investment: 2022

A leading international insurance intermediary group.

Website

Industrious National Management

Location: United States
Date of investment: 2019

US-based network of premium co-working spaces and related outsourced office services.

Website

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.

Website

IFS – Workwave

Location: Europe / United States
Total investments: US$50 million
Date of investment: June 2022

Single cloud platform and software provider for enterprise resource planning and asset/service management in asset-intensive sectors (e.g. aerospace, construction).

Website

Jaggaer

Location: United States
Date of investment : 2019

Global provider of supply chain management software.

Website 

Jarrow Formulas

Location: United States
Date of investment: December 2020

Formulator and supplier of various vitamins, minerals, and nutritional supplements.

Website

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.

Website    

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.

Website

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.

Genex Website
Mitchell International Website    

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.

Website 

Nextech

Nextech creates healthcare technology solutions for specialty providers. Nextech’s offerings include electronic medical records, practice management, revenue management, and patient engagement software solutions.

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.

Website 

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. 

Website

PrimeSource-Dimora

Location: United States
Date of investment: December 2020

North American specialty building products distributor.

Website

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.

Website

Recipharm

Location: Sweden
Total investments: €30 million
Date of investment: May 18, 2021

Leading global pharmaceutical contract development and manufacturing company based in Sweden.

Website

Resonetics

Date of investment: 2023

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.

Website    

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.

Website    

Stonegate Group

Location: United Kingdom
Date of investment: March 2020

Fourth largest managed pub operator in the UK.

Website

Travelport

Location: United Kingdom
Date of investment: 2019

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.

Website 

United Group

Location: Netherlands
Date of investment: 2019

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.

Website 

Vantage Data Centers

Location: United States
Commitment: US$86 million
Date of initial investment: 2024

Vantage provides data center campuses to cloud providers and large enterprises globally.

Website

Zellis Group

Location: United Kingdom
Commitment: £40 million
Date of initial investment: 2024

U.K.-based provider of payroll and HR software to customers in the U.K. and Ireland.

Website

Accel-KKR

Location: United States
Commitment: US$320 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, US$110 million to AKKR Fund VI in 2019 and US$110 million to AKKR Fund VII in 2022.

Website

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.

Website

American Industrial Partners

Location: United States
Commitment: US$400 million
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 US$100 million to AIP Capital Fund VI in 2015, US$150 million to AIP Capital Fund VII in 2019 and US$150 million to AIP Capital Fund VIII in 2023.

Website

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.

Website

Apax Partners

Location: Global
Commitment: US$1.8 billion; €1.1 billion
Date of initial investment: 2004

Apax Partners is a large, global private equity firm focused on buyout opportunities. CPP Investments 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. CPP Investments also committed US$150 million to Apax Digital in 2017. In 2019, CPP Investments committed US$500 million to Apax X. In 2021, CPP Investments committed US$150 million to Apax Digital II and in 2022, CPP Investments committed US$400 million to Apax XI.

Website

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.

Website

Bain Capital

Location: Global
Total Investment: €450 million; US$1.1 billion; JPY 6 billion
Date of initial investment: 2014

Bain Capital is a global private equity firm focused on buyout opportunities. CPP Investments committed €175 million to Bain Capital Europe IV in 2014, €175 million to Bain Capital Europe V in 2018, €100 million to Bain Capital Europe Fund VI in 2022, US$250 million to Bain Capital Fund XII in 2017, US$270 million to Bain Capital Asia III in 2016, US$275 million to Bain Capital Asia IV in 2018, US$300 million to Bain Capital Asia V in 2022, and JPY 6.0 billion to the Bain Capital Japan Middle Market Fund in 2021.

Website

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.

Website

The Blackstone Group

Location: Global
Commitment: US$6.0 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, CPP Investments 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. In 2022, CPP Investments committed US$1 billion to BCP IX.

Website

Brookfield Capital Partners

Location: Canada
Commitment: C$586 million
Date of initial investment: 2001

Brookfield Capital Partners is a North America-based private equity manager focused on buyout opportunities. CPPIB committed C$150 million to Brookfield Capital Partners I in 2001 and C$300 million to Brookfield Capital Partners II in 2006. In 2024, CPPIB committed C$136 million to Brookfield Capital Partners VI.

Website

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.

Website

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.

Website

Cinven

Location: Europe
Commitment: €1.5 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, €320 million to Fund VII in 2019 and €300 million to Fund VIII in 2022.

Website

Clearlake Capital Group

Location: United States
Commitment: US$530 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 and US$200 million to CCP VII in 2021. In 2024, CPP Investments committed US$200 million to CCP VIII.

Clayton, Dubiler & Rice, LLC

Location: Global
Commitment: US$725 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, US$225 million to CD&R XI in 2020 and US$300 million to CD&R XII in 2022.

Website

CVC Capital Partners

Location: Global
Total Investments: US$675 million; €3.4 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, €500 million to CVC VIII in 2020 and €500 million to CVC IX in 2023.

Website

EQT Partners

Location: Europe
Commitment: €850 million
Date of initial investment: 2017

EQT is a large, global private equity firm focused on buyout opportunities. CPP Investments committed €200 million to EQT VIII in 2017 and €250 million to EQT IX in 2020. In 2022, CPP Investments committed €400 million to EQT X.

Website

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.

Website

   

General Atlantic

Location: Global
Commitment: US$100 million
Date of initial investment: 2022

General Atlantic is a global investment firm focused on growth equity. CPP Investments committed US$100 million to General Atlantic Investment Partners 2022 in 2022.

Website

Genstar Capital

Location: United States
Total Investments: US$1.1 billion
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, US$290 million in aggregate to Genstar IX in 2019, US$300 million in aggregate to Genstar X in 2021 and US$300 million in aggregate to Genstar XI in 2023.

Website

GTCR

Location: United States
Total investments: US$300 million
Date of initial 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 and US$150 million to GTCR Fund XIV in 2023.

Website

Hellman & Friedman

Location: United States
Total Investments: US$2.8 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, US$650 million to H&F VIII in 2014, US$500 million to H&F IX in 2018, US$400 million to H&F X in 2021 and US$150 million to H&F XI in 2023.

Website

Hg Capital

Location: Europe
Commitment: US$520 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 and US$260 million to Hg Saturn 3 in 2022.

Website

Insight Venture Partners

Location: United States
Commitment: US$1 billion
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 in 2018, US$250 million to Insight Partners XI in 2019, US$300 million to Insight Partners XII. In 2024, CPP Investments committed US$210 million to Insight Partners XIII and US$40 million to Insight Growth Buyout Fund XIII.

Website

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.

Website

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.

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Website

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.

Website

New Mountain Capital

Location: United States
Commitment: US$1 billion
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. In 2024, CPP Investments committed US$200 million to NMC VII.

Website

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.

Website

Oak Hill Capital Partners

Location: United States
Commitment: US$389 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 and US$150 million to Oak Hill Capital Partners VI in 2022. In 2024, CPPIB committed US$14 million to Oak Hill Digital Opportunity Partners.

Website

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.

Website    

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.

Website

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.

Website 

Riverwood Capital Partners

Location: United States
Commitment: US$500 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 and US$25 million to Riverwood Capital Partners Latam II in 2022.

Website

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.

Website    

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.

Website    

Silver Lake Partners    

Location: United States
Commitment: US$3.4 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. CPP Investments committed US$750 million to SLP VI in 2020 and US$500 million to SLP VII in 2022 and 2024.

Website

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.

Website

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.

Website    

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.

Website

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.

Website

TA Associates

Location: Global
Total investments: US$250 million
Date of initial 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 and US$150 million to TA XV in 2023.

Website

TDR Capital

Location: United Kingdom
Commitment: €325 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 and €200 million to TDR V in 2022.

Website

Texas Pacific Group

Location: Global
Commitment: US$2.7 billion
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, US$410 million to TPG VIII in 2018, US$90 million to TPG Healthcare Partners in 2018, US$150 million to TPG Tech Adjacencies in 2018, US$240 million to TPG IX in 2023 and US$60 million to TPG Healthcare Partners II in 2023.

Website

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.

Website

Thoma Bravo

Location: United States
Commitment: US$2.5 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, US$400 million to Thoma Bravo XII in 2016, US$100 million to Thoma Bravo Discover II in 2017, US$400 million to Thoma Bravo XIII in 2018, US$400 million to Thoma Bravo XIV in 2020 and US$400 million to Thoma Bravo XV in 2022. In 2024, CPP Investments committed US$600 million to Thoma Bravo XVI.

Website

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.

Website    

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.

Website    

Apex Service Partners

Location: Florida, United States
Total investments: US$50 million
Date of investment: October 2023

U.S. based HVAC, plumbing and electrical services group.

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.

Website

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.

Website

General Atlantic

Location: United States
Total investments: 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.

Website

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.

Website

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.

Website

Hayfin

Location: Europe
Total investments: €398 million
Date of investment: November 2023

CPP Investments invested €398 million to acquire interests in three funds that are managed by Hayfin Capital Management. The transaction represents a diversified portfolio of European mid-market single company secondary investments, direct co-investments and funds.

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.

Website

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.

Website

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.

Website

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.

Website

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.

Website

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.

Website

SERB Pharmaceuticals

Location: Belgium
Total Investments: ~€70M
Date of investment: March 2023

Specialty pharmaceutical company focused on critical care and rare diseases.

Website

TerSera Therapeutics

Location: Illinois, U.S.
Total investments: US$50m
Date of investment: March 2023

U.S. based specialty pharmaceutical company focused on Oncology and Non-Opioid Pain.

Website

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.

Website

Teams within Private Equity

Our team is comprised of Direct Private Equity, Funds & Secondaries, Growth Equity, and Private Equity Asia
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