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.
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