CPP Investments sells portfolio of PE fund interests for $4B

The Canada Pension Plan Investment Board says it has sold a portfolio of 33 limited partnership fund interests to Blackstone Strategic Partners and private investment firm Ardian.

CPP Investments says net proceeds from the transaction totalled about $4 billion.

The portfolio included various investments made in funds over the course of about 20 years.

Tom Kapsimalis, managing director and CPP Investments’ head of secondaries, says the sale was part of the fund’s active portfolio management.

 “As a systematic buyer and seller in the secondaries market, this sale provided an attractive opportunity to optimize our exposure and supports disciplined capital allocation across our portfolio as we manage the CPP Fund in the best interest of CPP contributors and beneficiaries,” Kapsimalis said in a release.

CPP Investments invests the money not needed by the Canada Pension Plan to pay current benefits.

At the end of 2025, the CPP fund had total net assets of $780.7 billion.

The Canadian Press

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