The Canada Pension Plan Investment Board is selling a portfolio of 25 limited partnership fund interests in North American and European buyout funds for roughly C$1.2 billion.
Ares Management Private Equity Secondaries funds and CVC Secondary Partners bought the assets in a transaction completed on March 31, 2025.
In a press release, Dushy Sivanithy, managing director and head of secondaries at the CPPIB, said the transaction was undertaken as part of an active portfolio management activities. “As a systematic buyer and seller in the secondaries market, we see this sale as an attractive opportunity to optimize the construction of our portfolio.”
The British Columbia Investment Management Corp. is joining an investor group to acquire an ownership position in insurance brokerage firm BroadStreet Partners.
The financial details of the transaction weren’t disclosed. The BCI is investing alongside Ethos Capital and White Mountains Insurance Group Ltd. As part of the transaction, the Ontario Teachers’ Pension Plan will retain a significant co-control stake and operate partnership with the Ethos-led investor group.
In a press release, Jeff Markusson, senior managing director of private capital at the Ontario Teachers’, said the investment organization is “delighted to bring in like-minded partners with a proven track record in the insurance industry.” In a separate statement, Derrick Estes, senior managing director of private equity at the BCI, said the investment demonstrates confidence in the BroadStreet strategy.
In other news, the Ontario Teachers’ is completing the sale of an ownership interest in Copenhagen Airports A/S to co-shareholder and Danish investor Arbejdsmarkedets Tillægspension. The sale completes a 14-year investment in the airport firm by the investment organization.
The Public Sector Pension Investment Board is selling Havfram, an international offshore wind infrastructure company, in a deal valued at €900 million. Global offshore energy and marine engineering firm DEME Group is buying the asset from PSP Investments and Sandbrook Capital.
“Our investment in Havfram reflects our broader capabilities and commitment to invest in assets essential to the renewables value chain, while generating strong risk-adjusted returns,” said Sandiren Curthan, managing director and global head of infrastructure investments at PSP Investments, in a press release.