CPPIB Canadian general partner Q4 2007 performance numbers

4 responses

  1. AT says:

    My understanding is that they are committing USD 200M. Similar to their investment strategy in Turkey (search Actera Partners).

    February 26, 2008

    HONG KONG (February 26, 2008): The Canada Pension Plan Investment Board, the investment management organization that invests the reserve fund assets of the Canada Pension Plan, and Teachers’ Private Capital, the private investment arm of the Ontario Teachers’ Pension Plan, announced today they are investing US$200 million each in FountainVest, a newly-established private equity fund focused on investing in private enterprises in China.

    The CPP Investment Board and Teachers’ Private Capital jointly co-sponsored the fund. The FountainVest fund will focus on investment opportunities in private enterprises that can benefit from both earnings growth and expansion.

    Mark Wiseman, senior vice-president for Private Investments with the CPP Investment Board said, “We are pleased to be partnering with one of the top fund managers in China, which is itself a rapidly evolving market for private equity. This investment, which is one of our largest in the region, will provide enhanced access to investment opportunities in mainland China through an aligned and well-positioned partner. Including the FountainVest investment, the CPPIB now has over C$1 billion committed to private equity and real estate investments in the region.”

    Erol Uzumeri, senior vice-president of Teachers’ Private Capital said, “This new fund combines a proven local management team with dedicated capital to take advantage of the large market and growth potential in China. We’ve been an investor in Asia since 1994 and continue to look for opportunities to back the best local teams to help us invest in the region.” He added Teachers’ Private Capital has C$1 billion invested and committed to the Asian region.

    With a presence in Shanghai and Hong Kong, the management team of FountainVest is made up of four senior professionals with international investment experience and a strong track record of investing in China. They are Chinese natives with past experience at such organizations as Temasek Holdings, Goldman Sachs and JP Morgan Partners.

    About CPP Investment Board
    The CPP Investment Board invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 17 million Canadian contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, the CPP Investment Board is investing in publicly-traded stocks, private equities, real estate, inflation-linked bonds, infrastructure and fixed income. Based in Toronto, the CPP Investment Board is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. At December 31, 2007, the CPP Fund totaled C$119.4 billion of which C$20.2 billion is invested in private investments.

    For more information about the CPP Investment Board, visit http://www.cppib.ca.

  2. Mark McQueen says:


    Just click through to the “commitments” list and you’ll see the $1.5 billion figure.


  3. CPP says:

    The FountainVest China Growth Fund 2007 is 1,500.0 in Japanese Yen.

  4. Mark McQueen says:

    Thanks for that. Bad research on my part. Missed the currency note. Original post has been corrected.


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