– Canada Pension Plan Investment Board has completed the sale of a diversified portfolio of 33 limited partnership fund interests
– The buyers are Blackstone Strategic Partners and Ardian, both major global private markets investors
– Blackstone Strategic Partners is Blackstone’s secondaries platform, with about US$100 billion in assets under management across secondaries, co-investments, primary advisory, and GP stakes
– Ardian manages or advises approximately US$200 billion for more than 1,920 clients globally across private equity, real assets, and credit
– CPP Investments expects net proceeds of approximately C$4 billion from the transaction, after costs and adjustments
– The portfolio sold spans investments made over roughly 20 years across multiple funds
– The transaction is part of CPP Investments’ active portfolio management strategy, aimed at optimizing exposure and supporting disciplined capital allocation in the secondaries market
– Tom Kapsimalis, Managing Director, Head of Secondaries, CPP Investments said, “This transaction was undertaken as part of our active portfolio management activities. As a systematic buyer and seller in the secondaries market, this sale provided an attractive opportunity to optimize our exposure and supports disciplined capital allocation across our portfolio as we manage the CPP Fund in the best interest of CPP contributors and beneficiaries.”
