CPP Investments is expanding its investment partnership with Northleaf Capital Partners by committing to invest an additional $750 million.
The planned investment will be delivered through established Canadian mid-market program managed by Northleaf, which will push the cumulative commitments to the manager to more than $3 billion since inception.
A customized mandate with Northleaf gives the investment organization a diversified strategy with primary fund commitments to small and mid-market Canadian buyout funds, secondary investments and direct co-investments, according to a press release.
“Through Northleaf, CPP Investments can efficiently access high-quality managers and support the growth of private Canadian companies, complementing our broader global portfolio,” said Bruce Hogg, managing director and head of integrated strategies at CPP Investments, in the release.
In other news, the British Columbia Investment Management Corp. is leading a financing round, alongside Mucker Capital, for artificial intelligence firm GovDash.
An oversubscribed Series B funding round for the AI platform, which delivers solutions for companies with government contracts, raised US$30 million, according to a press release. The funding also included existing investors Northzone and Y Combinator
