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CPP Investment Board to Commit Additional $400 Million to the Canadian Private Equity and Venture Capital Market - Northleaf Capital Partners to Manage Canadian Fund-of-Funds Portfolio
CPP Investment Board (CPPIB) and Northleaf Capital Partners announced today that CPPIB has committed an additional $400 million to the Canadian private equity and venture capital market. The funds will be committed to a Canadian fund-of-funds program that will be managed by CPPIB's longstanding investment partner Northleaf Capital Partners (formerly TD Capital Private Equity Investors). Northleaf Capital Partners was selected in 2005 to manage a previous $400 million commitment by CPPIB to smaller Canadian private equity firms and Canadian venture capital firms.
On November 1, 2009, Northleaf Capital Partners completed its transition to an independent global private equity investment firm. Northleaf’s predecessor, TD Capital Private Equity Investors, was the private equity fund of funds and co-investment arm of TD Bank Financial Group, one of North America’s leading financial institutions. As Canada’s largest independent global private equity fund manager and advisor, Northleaf’s 40-person team will continue to manage over $2.8 billion in private equity fund commitments on behalf of institutional investors, including TD.