CANADA - The C$91bn Canada Pension Plan (CPP) Investment Board has awarded TD Capital Private Equity Investors a $400m mandate for the Canadian private equity and venture capital market. CPP announced this week TD Capital would manage and invest the sum, $250m of which will go into a Canadian small and mid market buyout fund of funds, while a further $150m will go into a Canadian venture capital fund of funds. The CPP Investment Board has commitments to private equity totalling around $10bn, of which nearly $2bn is to Canadian private equity and venture capital, making the CPP Investment Board one of the largest investors in Canadian private equity and venture capital.
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.