CPPIB helps JW Childs recapitalise third fund


Canada Pension Plan Investment Board (CPPIB) has provided $477m to recapitalise private equity firm JW Childs’ third fund.

The 2002-vintage fund currently has five consumer product portfolio companies, said CPPIB vice president Yann Robard, according to the Wall Street Journal.

CPPIB has also agreed to commit $119m to JW Childs’ recently launched fourth fund.

Earlier this month AltAssets reported that JW Childs Equity Partners IV was targeting $450m.

JW Childs scrapped plans to raise a new fund in 2007, five years after closing its third fund on $1.75bn. That vehicle was generating a return multiple of 1.4 times as at the first quarter of 2013.

Copyright © 2014 AltAssets