Big LP emerges in Canada, sets sights on PE

A big, new pool of capital has emerged in Canada. Newfoundland and Labrador Pooled Pension Fund (NLPPF), a C$9 billion pension system, is creating a first-time allocation to private equity and infrastructure with the help of advisor Caledon Capital Management. NLPPF, which oversees the pension assets of government employees, teachers, and other public sector groups […]


TorQuest reaps 5x return on sale of Array Marketing to Carlyle

TorQuest Partners scored a 5x return on total invested capital in the sale of its interest in Array Marketing to Carlyle Group, representing a 61 percent internal rate of return, TorQuest said. Carlyle earlier this month took a majority stake for an undisclosed amount in Array, a Canadian provider of in-store merchandising systems to high-end cosmetic […]

Mark Jenkins, CPPIB, Canada Pension Plan Investment Board

Jenkins makes his mark running private investments at CPPIB

Mark Jenkins has spent less than a year leading Canada Pension Plan Investment Board’s private investments group. But he has already put his stamp on the job, overseeing the pension system’s acquisition of Antares Capital and its first direct private equity deal since 2013. Jenkins started out big, playing a key role in CPPIB’s $12 billion purchase […]

Wellington Financial launches fifth fund with $300 mln target

Canadian specialty finance firm Wellington Financial has officially launched its fifth fund, Wellington Financial Fund V, with a hard-cap target of $300 million of re-circulating equity commitments. Fund V, which had its first close this week, is targeted to bring in 50 percent more than Fund IV, closed at $200 million in 2013. Toronto-based Wellington, which had its 15th anniversary […]


Canadian pension PSP gets major LP for CEO

Public Sector Pension Investment Board (PSP Investments) has named André Bourbonnais, the private equity chief at Canada Pension Plan Investment Board, as its new president and CEO, effective March 30, 2015.


Canadian PE’s father-and-son team: Rod and Derek Senft

Travel almost anywhere in North American PE circles and you’ll encounter people who know and speak highly of Rod Senft, founder and managing director of Tricor Pacific Capital. Now his son Derek is making a name for himself at Pender West Capital.