CPP Investments sells portfolio of PE fund interests, net proceeds about $4 billion

CPPIB sells portfolio of private equity fund interests for about $4-billion

Blackstone Strategic Partners and private investment firm Ardian acquire interests from the pension manager

CPP Investments sells portfolio of PE fund interests, net proceeds about $4 billion

TORONTO - The Canada Pension Plan Investment Board says it has sold a portfolio of 33 limited partnership fund interests to Blackstone Strategic Partners and private investment firm Ardian.

CPP Investments sells portfolio of PE fund interests for $4B

The Canada Pension Plan Investment Board says it has sold a portfolio of 33 limited partnership fund interests to Blackstone Strategic Partners and private investment firm Ardian. CPP Investments says net proceeds from the transaction totalled about $4 billion. The portfolio included various investments made in funds over the course of about 20 years. Tom Kapsimalis, managing director and CPP Investments’ head of secondaries, says the sale was p…

CPP Investments Completes Sale of Private Equity Fund Interests to Blackstone Strategic Partners and Ardian

/CNW/ - Canada Pension Plan Investment Board (CPP Investments) today announced it has completed the sale of a diversified portfolio of 33 limited partnership...