CPPIB’s alternatives exposure grows

The Canadian pension suffered a negative 8.5% return in the second quarter owing largely to a decline in its public equities portfolio, which has in turn increased its exposure to private equity, real estate and infrastructure.

The Canada Pension Plan Investment Board’s private equity portfolio comprised 13.1 percent of its total assets, or $15.4 billion, as of 30 September. That’s up from 11 percent, or $14.1 billion, in the first quarter.

The increase is in part due to a decline in its public equities portfolio, which as of September, accounted for 59.9

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