CANADA - The Canada Pension Plan Investment Board has poured C$400m (US$375m) into a private equity fund of funds that will invest in Canadian small-mid sized companies.
The fund of funds will be managed by Northleaf Capital Partners and will target venture capital and growth equity funds looking to raise up to C$750m in capital commitments.
CPPIB senior vice president of private investments Mark Wiseman said: "Expanding our investment in a Canadian fund-of-funds is a highly effective way for us to access small to middle-market Canadian private equity transactions and top Canadian venture capital managers."
CPPIB already has a relationship with Northleaf. The manager was hired in 2005 to invest C$400m in small, Canadian private equity and venture capital firms.
*To read about Global Pensions' currency forum in Toronto, visit www.currencyforum.co.uk/toronto
The British Medical Association (BMA) has warned chancellor Philip Hammond to reform the NHS pension scheme rules or doctors will reduce their working hours.
The lifetime allowance should be scrapped and replaced with a lower annual allowance, last week's Pensions Buzz respondents said.
Action for Children Pension Fund has outsourced its pensions administration to Trafalgar House.