Institution: Canada Pension Plan Investment Board
Headquarters: Toronto, Canada
AUM: CA$409.50bn
Allocation to alternatives: 58.30%
Bitesize: CA$200-500m
Canada Pension Plan Investment Board has agreed to commit $225 million to India Resurgence Fund (IndiaRF), according to a recent press release on the pension’s website. The India Resurgence Fund platform is being co-managed by Piramal Enterprises and Bain Capital Credit which are acting as joint sponsors.
The CA$409.50 billion Canadian public pension has a 10.30 percent actual allocation to private debt.
IndiaRF is targeting both debt and equity turnaround investments in distressed assets. The platform will invest in equity securities and also purchase existing debt existing from bankruptcy courts or originating directly from lenders. The platform will take control of the turnaround process through recapitalisation and operational improvements.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.
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