CPPIB Shakes Up Private Investment Management Team

The Canada Pension Plan Investment Board, which manages C$188.9 billion in assets, made some management changes earlier this year on its private investments team.

The system, a major private equity limited partner and direct investor, didn’t publicly disclose the personnel moves, but they are listed on its web site. A CPPIB spokesperson confirmed the changes, but declined to comment further.

As part of the changes, Shane Feeney, who joined CPPIB in 2010 from Bridgepoint Capital, became head of direct private equity investments. Feeney was a partner and founding member of Hermes Private Equity’s direct investing business until its transition to Bridgepoint in 2009, according to CPPIB’s web site. Feeney was previously a senior principal within the principal investments unit at CPPIB.

Feeney stepped into the direct investing role vacated by Jim Fasano, who was named head of funds, secondaries and co-investments as part of the management shift. Jennifer Morais, a veteran of the private equity funds business at CPPIB, left the system over the summer.

Mark Jenkins was named head of principal investments, making him responsible for overseeing the system’s global private debt and direct private equity programs, according to CPPIB’s web site.

Jenkins was previously the system’s head of private debt investing. Under his leadership, CPPIB Credit Investments, the debt investing affiliate of CPPIB, in January partnered with Kohlberg Kravis Roberts and Stone Point Capital in MerchCap Solutions, which provides capital market services to sponsored and corporate mid-market businesses.

CPPIB’s entire private investments operation is headed by senior vice president André Bourbonnais. CPPIB is led by president and chief executive officer Mark Wiseman.

Canada Pension Plan is the largest pension system in Canada, with C$188.9 billion of assets as of 30 June, 2013. The system’s portfolio generated a gross investment return of 1.1 percent for the first quarter of the system’s 2014 fiscal year, according to a CPPIB statement published at the time.