PRINT THIS PAGE CPP boosts private equity investments to $7 billion25/10/2004. Source: AltAssets. 
 The Canada Pension Plan's Investment Board has announced commitments to one existing and three new private equity partners, totaling $740 million.
These include:
US $300 million to the KKR Millennium Fund LP, managed by Kohlberg Kravis Roberts & Co. The fund, with total commitments of US $5.75 billion is expected to be invested over the next four years and will focus on large scale leveraged buyout investments primarily in the United States, Western Europe and Canada.
US $100 million to MidOcean Partners II, LP, managed by MidOcean Partners. The fund is expected to be invested over the next two years and will focus on late-stage middle market buyout investments in the United States and Europe. The CPP Investment Board previously committed US $273 million to MidOcean Partners, LP in February 2003.
US $90 million to VSS Communications Partners IV, LP, managed by Veronis Suhler Stevenson. The fund, with a target of US $1.25 billion is expected to be invested over the next five years in mid-market media companies in the United States and Europe.
€80 million to Partners Group Secondary, LP, managed by Partners Group. The €500 million fund is expected to be invested over the next three years in secondary interests.
These latest commitments bring the CPP's private equity commitments to $7 billion committed to 50 limited partnerships managed by 41 private equity firms.
"We continue to selectively add new partners to our private equity portfolio and to build our relationships with existing partners," said John MacNaughton, President and CEO, CPP Investment Board. "Although it is still relatively early in the development of our private equity portfolio, we are pleased with its performance to date."
The Canada Pension Plan reserve fund is currently valued at $73.2 billion.
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