Affirm and CPP Investments renew and expand capital partnership

CPP Investments expands partnership with buy-now-pay-later lender Affirm

TORONTO - The Canada Pension Plan Investment Board has signed a deal to renew and expand its partnership with buy-now-pay-later lender Affirm.

Affirm and CPP Investments renew and expand capital partnership

SAN FRANCISCO & TORONTO — Affirm (NASDAQ: AFRM) and Canada Pension Plan Investment Board (“CPP Investments”), through subsidiaries of CPPIB Credit Investments Inc.…

CPP Investments expands partnership with Affirm

The Canada Pension Plan Investment Board has signed a deal to renew and expand its partnership with buy-now-pay-later lender Affirm. Under the two-year agreement, CPP Investments will commit US$1.7 billion to buy Affirm instalment loans. It also has the ability to increase the commitment to US$2.2 billion. CPP Investments has purchased nearly US$14 billion in Affirm assets since 2019 through forward-flow agreements and asset-backed securitizatio…