Overview
- The new commitment combines fresh capital with recycled proceeds and will be deployed across domestic buyout funds, secondaries and direct co‑investments.
- The CPPIB–Northleaf arrangement operates on an evergreen basis with no set timeline to return committed capital.
- Since the partnership began in 2006, CPPIB has committed more than $3 billion as Northleaf has invested in 100‑plus funds and backed at least 900 companies.
- Separately, CPPIB invested about $160 million to acquire stakes in Northleaf‑managed global private‑equity holdings from existing investors.
- CPPIB uses the program to reach smaller, growing companies that typically earn $10 million to $75 million in annual profits, a segment it says is inefficient to pursue directly at its scale.