.jpg)
2 hours ago
2
Article content
(Bloomberg) — Canada Pension Plan Investment Board is looking to reduce some Asia private equity exposure by selling fund stakes, according to people familiar with the matter.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
The country’s largest pension fund began looking for advisers earlier this year to help it offload some of the vintages it invested in during the mid-2010s, the people said, asking not to be identified because the conversations are private.
Article content
Article content
The stakes for sale amount to about $1.5 billion, according to the people. They include strategies managed by Hillhouse Investment, Bain Capital and PAG, the people said. The process is ongoing and the plans might change.
Article content
Article content
CPPIB is selling some of the earliest Asia investments it committed with these managers. From 2014 to 2016, CPPIB gave about $1 billion to Asia strategies managed by Hillhouse, Bain and PAG, according to its website.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
Representatives for CPPIB, Bain and PAG declined to comment. Hillhouse didn’t respond to requests for comment.
Article content
The pension fund’s private equity exposure stood at C$225.4 billion ($164 billion) at the end of 2025, accounting for more than a quarter of its C$780.8 billion in net assets.
Article content
Institutional investors have been increasingly turning to so-called secondary deals to generate liquidity and rebalance their portfolios. Another Canadian pension, Caisse de Depot et Placement du Quebec, is seeking to sell China private equity fund stakes worth about $1.5 billion, people familiar with the matter said in February.
Article content
Globally, a relatively slow exit environment is continuing to fuel growth in the secondary market, with supply outpacing capital, according to a report published by investment firm Hamilton Lane this month.
Article content
English (US)