The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

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

Subscribers Only

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.