The Canada Pension Plan Investment Board and Teachers' Private Capital have agreed to each invest $200 million in FountainVest, a new private equity fund focused on
The Canada Pension Plan Investment Board, the investment management organization that invests the reserve fund assets of the Canada Pension Plan, and Teachers' Private Capital, the private investment arm of the Ontario Teachers' Pension Plan, announced today they are investing US$200 million each in FountainVest, a newly-established private equity fund focused on investing in private enterprises in
The CPP Investment Board and Teachers' Private Capital jointly co-sponsored the fund. The FountainVest fund will focus on investment opportunities in private enterprises that can benefit from both earnings growth and expansion.
Mark Wiseman, senior vice-president for Private Investments with the CPP Investment Board said, “We are pleased to be partnering with one of the top fund managers in
Erol Uzumeri, senior vice-president of Teachers' Private Capital said, “This new fund combines a proven local management team with dedicated capital to take advantage of the large market and growth potential in
With a presence in
About CPP Investment Board
The CPP Investment Board invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 17 million Canadian contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, the CPP Investment Board is investing in publicly-traded stocks, private equities, real estate, inflation-linked bonds, infrastructure and fixed income. Based in
For more information about the CPP Investment Board, visit www.cppib.ca.
About Teachers' Private Capital
With C$17 billion in invested and committed capital globally, Teachers' Private Capital is ranked 20th in the world in total capital deployed over the past five years (February 2002 – April 2007) by Private Equity International in its PEI 50 ranking of the world's largest private equity firms. Teachers' Private Capital is the private investment arm of the Ontario Teachers' Pension Plan, the largest single-profession pension plan in
For more information, visit www.otpp.com.