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CPPIB chief executive officer Mark Wiseman. (Handout)
CPPIB chief executive officer Mark Wiseman. (Handout)

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Private equity opportunities growing, debt deals falling for CPPIB

The Canada Pension Plan Investment Board is seeing a rising number of private equity opportunities and a decreasing number of appealing opportunities for its debt businesses, says CEO Mark Wiseman.

It’s a reversal that has taken place over the last few quarters.

The fund, which on Friday posted a total investment return of 1.9 per cent for the quarter ended Sept. 30, has $28.1-billion, or 16.5 per cent of its portfolio, in private equity. Recent deals include a $1.1-billion (U.S.) deal for Tomkins’ air distribution division, and an agreement to team up with BC Partners and the management of Suddenlink Communications to buy Suddenlink for $6.6-billion (U.S.) including debt and equity.