PRINT THIS PAGE Canada's CPP Investment Board commits $75m to mainly Canadian funds04/11/2003. Source: AltAssets. 
 The CPP Investment Board has announced two new large fund commitments to groups that will focus on Canadian investments. It has committed $25m to mid-market buy-out group CAI Capital Partners & Company and $50m to venture firm Ventures West.
The investments bring the CPP Investment Board's Canadian commitments to $550m. In total, the pension fund has made commitments of $5.3bn to 39 limited partnerships managed by 34 private equity firms. The group aims to invest up to ten per cent of its total assets, currently valued at $61.6bn, in private equity.
Mark Weisdorf, vice president - private market investments for the CPP Investment Board, said: ‘We believe these Canadian private equity investors are well positioned to identify quality investment opportunities and generate superior returns in a broad range of sectors across the country.'
CAI Capital Partners fund will focus on mid-market opportunities in North America, with an emphasis on Canada. It will invest primarily in business services, industrial manufacturing, consumer products, energy services, financial services, and healthcare sectors.
Ventures West 8 fund will target early-stage technology companies across Canada in the IT, biotech, communications and energy technology sectors.
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