CPPIB makes first private equity investments

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CANADA - The Canada Pension Plan Investment Board (CPPIB) has awarded two private equity mandates to Clairvest Group and General Motors Investment Management, worth a total of C$217m (US$140m).

Clairvest will receive a total of C$67m (US$43m) from the CPPIB, in the form of a private equity mandate and a direct stake in the Canadian merchant bank. The CPPIB will take a 10% stake in the ban...

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