The Canada Pension Plan Investment Board has invested US$250 million in MISA Investments Ltd., the parent company of Viking Cruises.
Viking Cruises operates 61 river and ocean cruise vessels in 44 countries.
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“Viking’s business is exposed to a number of long-term growth drivers that our thematic investing group looks for and believes will deliver strong risk-adjusted returns for the fund,” Pierre Lavallée, the CPPIB’s senior managing director and global head of investment partnerships, said in a release.
Today’s announcement follows yesterday’s organizational shakeup at the CPPIB. Mark Jenkins, senior managing director and global head of private investments, is leaving the organization on Sept. 16. He joined in 2008 and is leaving for U.S. alternative asset manager the Carlyle Group.
Shane Feeney will replace Jenkins as global head of private investments. He was previously the head of direct private equity for the CPPIB and has been with the organization since 2010.
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In other changes, Ryan Selwood becomes the head of direct private equity. He joined the CPPIB in 2006 and was most recently a managing director in the CPPIB’s direct private equity group.
Graeme Eadie takes on the role of senior managing director and global head of real assets, a new department that merges the real estate, infrastructure and agriculture groups. He joined the CPPIB in 2005 and previously served as the global head of real estate investments.
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