The Canada Pension Plan Investment Board is extending its investment in Northleaf Capital Partners through an additional $200 million commitment.
Private equity investment firm Northleaf manages $2.4 billion in private equity investments for the CPPIB with strategic allocations of capital into small- and medium-sized market Canadian buyout and growth funds.
“Through this Canadian private equity program managed by Northleaf, CPP Investments is able to efficiently access best-in-class Canadian private equity firms and co-investments, driving risk-adjusted returns for the CPP fund,” said Caitlin Gubbels, managing director and head of funds with the CPPIB, in a press release.
In other news, the Ontario Teachers’ Pension Plan is adding to its position in GreenCollar, an Australia-based, environmentally-focused markets platform.
According to a press release, the Ontario Teachers’ is buying the existing stakes from KKR & Co. Inc and other investors. The financial details of the transaction weren’t made public. Ontario Teachers’ first invested in GreenCollar in 2022.
“We are pleased to increase our investment in GreenCollar and to continue supporting James [Schultz, the company’s chief executive officer and co-founder] and his team in their mission to restore and enhance natural capital in areas like biodiversity and water quality,” said Christopher Metrakos, senior managing director of natural resources at the Ontario Teachers’, in the release.