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Active Equities

By applying our comparative advantages – scale, certainty of assets and our long investment horizon – our teams pursue the best opportunities worldwide.

Holdings

Active Fundamental Equities
Fundamental Equity Asia
Relationship Investments
Thematic Investing
Direct Equity Investments Latin America

Researching and investing in quality public, or soon to be public, equities throughout Asia.

Our Investments

Makes cornerstone minority equity investments in listed and soon-to-be-listed companies in North America and Europe.

Our Investments

Identifying long-term structural trends that could affect Fund returns and translating those insights into actionable investments using top-down research.

Our Investments

Ørsted A/S

Location: Denmark
Date of investment: 2016

Originally founded to manage the oil and gas resources in the Danish sector of the North Sea, Ørsted has successfully transformed into a green energy company. Today, Ørsted engages in the development, construction and operation of renewable power generation assets and ranks as the world’s largest developer of offshore wind technology.

Website

Alphabet

Location: United States
Date of investment: 2013

AFE has been invested in Alphabet since 2013. Alphabet operates as a holding company with subsidiaries including Google, Waymo, Verily, Google X, Google Ventures, etc. Google is a technology company that derives a significant portion of its revenue from digital advertising through Search, YouTube, Maps and Network business as well as Cloud. Alphabet invested early on in developing and productizing artificial intelligence and machine learning across its subsidiaries.

Website

Akamai

Location: United States

Akamai is a Content Delivery Network (“CDN”) that helps accelerate the delivery of content such as large files, video gaming downloads, live & non-live video/sports streaming to end users. Additionally, Akamai provides web security and web performance services to content creators. The company provides these services through its scale advantaged global leading network of servers and network locations across 136 countries.

Website

E.ON

Location: Germany

E.ON is Germany’s largest electric utility company operating ~40% of Germany’s grids. It operates regulated electricity and gas distribution networks in Germany, Sweden and in the Central & Eastern Europe region, as well as energy retail and infrastructure-like energy solutions businesses across Europe serving 52 million customers. Following an asset-swap with RWE, E.ON has specialised in regulated networks, which comprise ~80% of earnings, and are vital in facilitating the energy transition.

Website

InterActive Corp (IAC)

Location: United States
Date of investment: 2016

Headquartered in New York, IAC is a leading operating platform in the media and internet sectors. IAC is home to dozens of popular online brands and marketplace services including HomeAdvisor, Angie’s List, Handy, Dotdash, Investopedia and Care.com. Throughout its history, IAC has also spun off many companies, most recently Match Group who own the Tinder dating service and Vimeo, a leading cloud-based software platform for video.

Website

Intact Financial Corporation

Location: Canada
Date of investment: 2017

Intact Financial Corporation is the largest provider of property and casualty insurance in Canada and a leading provider of specialty insurance in North America, with over $12 billion in total annual premiums. The Company has over 16,000 employees who serve more than five million personal, business and public sector customers through offices in Canada and the U.S. In November 2020, AFE invested C$1.2 billion to support their acquisition of RSA Insurance Group plc.

Website

Mastercard

Location: United States
Date of investment: 2015

Mastercard is a global payments company that connects consumers, financial institutions, merchants, governments, digital partners, businesses and other organizations worldwide, by enabling them to use electronic forms of payment.

Website

NVIDIA

Location: United States
Date of investment: 2017

AFE has been invested in NVIDIA since 2017. NVIDIA is a leading fabless semiconductor company known for inventing and pioneering the Graphics Processing Unit (GPU) industry. NVIDIA operates a platform strategy, bringing together its GPU IP, hardware and software to create unique value for the markets they serve, including gaming, professional visualization, data center and automotive end markets. NVIDIA is the leading GPU player with 70% market share in the discrete GPU gaming market and 90+% market share in the data center GPU market. GPU deep learning ignited modern AI – the next era of computing.

Website

UnitedHealth Group

Location: United States
Date of investment: 2018

UnitedHealth Group is a leading provider of healthcare-related services with two complementary businesses: UnitedHealthcare and Optum. UnitedHealthcare offers a full spectrum of health benefit programs across Commercial, Medicare, and Medicaid end markets with a predominance in the US market. Optum is an information and technology-enabled health services business focused on improving the overall health system through optimizing care quality, reducing costs and improving consumer experience and care provider performance.

Website

Union Pacific

Location: United States
Date of investment: 2015

Union Pacific is one of North America’s largest railroad operators, connecting 23 states in the western two-thirds of the United States. Union Pacific serves many of the fastest-growing U.S. population centers, operates from all major West Coast and Gulf Coast ports, connects with Canada’s rail system, and is the only railroad serving all six major Mexican gateways.

Website

AIA Group Limited

Location: Hong Kong
Total Investments: C$900m
Date of Initial Investment: 2017

In 2017 and 2018 to date, CPPIB invested C$900 million into AIA Group through the public markets. AIA is a premier life insurance company that is 100% dedicated to the growth of Asia’s life insurance markets. AIA Group’s life insurance platform spans across 18 geographical markets, ranging from Hong Kong and China to Thailand, Indonesia and Vietnam.

Alibaba Group

Location: China
Total Investment: C$980 million
Date of initial investment: 2011

CPP Investments has been an investor in Alibaba since 2011 and later participated in the initial public offering in 2014. Subsequent to the IPO, CPP Investments has been accumulating additional shares in the open market. Alibaba is a global leading technology company headquartered in Hangzhou with operations in E-commerce, financial services, cloud computing, and digital media.

Ant Financial

Location: China
Total investment: US$600 million
Date of initial investment: 2018

In June 2018, FEA and TI invested US$600 million in Ant International Co., Limited, a wholly-owned off-shore subsidiary of Ant Small and Micro Financial Services Group Co., Ltd. (“Ant Financial”). Ant Financial is China’s leading financial services technology platform and, together with its global partners, serves approximately 870 million users globally. CPPIB invested as part of Ant Financial’s US$14 billion Series C equity fundraising to support its further globalization and investments into R&D. Through this investment, CPPIB is able to contribute to Ant Financial’s efforts to empower its partners to serve individuals and SMEs globally.

Website

China Gas Holdings Ltd.

Location: China
Total Investments: C$459m
Date of Initial Investment: 2015

In 2015 and 2016, CPPIB invested C$459 million into China Gas Holdings, owning approximately 2.9% of this company and one of the top 10 largest shareholders. China Gas Holding is one of the premier downstream gas distributors with more than 342 city gas concessions throughout China.

HKBN Ltd.

Location: Hong Kong
Total Investment: US$210 million
Date of initial investment: 2015

In March 2015, RI completed its first investment in Hong Kong with the acquisition of a 17% interest in Hong Kong Broadband Network Ltd. (“HKBN”) for US$200 million followed by incremental open market purchases. HKBN is the second largest residential broadband service provider by number of subscriptions in Hong Kong. It owns and operates one of the largest fibre optic networks in Hong Kong, reaching more than 2.2 million residential homes and 2,300 commercial buildings. RI acquired its initial stake as a cornerstone investor in HKBN’s initial public offering, and is now well-positioned to help the company execute its growth strategy going forward. Deborah Orida (Managing Director, Head of Private Equity Asia) serves on HKBN’s Board of Directors.

Website

Hutchison China MediTech Ltd.

Location: Hong Kong
Total Investments: US$100 million
Date of investment: 2020

FEA invested US$100 million into Chi-Med via private placement in November 2020 for 2.3% ownership. Chi-Med is a Chinese biopharmaceutical company focusing on small molecule targeted therapies in a variety of oncology indications. It was founded by CK Hutchison, Hong Kong’s largest conglomerate. FEA’s investment will fund ongoing research and clinical development and support the further growth of Chi-Med’s commercialization capabilities both in China and globally.

Website

Kotak Mahindra Bank Ltd.

Location: India
Total Investment: C$1.15 billion
Date of initial investment: 2013

RI first invested in India in 2013, through a series of share purchases of Kotak Mahindra Bank Ltd. (“Kotak”). Kotak is a leading private-sector bank in India, with additional businesses in life insurance, brokerage and asset management. RI subsequently made two block purchases from the founder, who needed to sell part of his 44% stake due to a regulatory requirement for private banks in India to diversify their shareholder base. RI has also made additional investments in Kotak through significant block purchases from institutional investors. The investment was made possible as a result of CPPIB’s positioning as a global, long-term partner, who is able to support Kotak’s growth in the years ahead.

Website

Postal Savings Bank of China

Location: China
Total Investment: US$500 million
Date of initial investment: 2015

In December 2015, RI invested US$500 million in the common equity of Postal Savings Bank of China (“PSBC”). PSBC is China’s largest bank by customers and distribution network, with more than 500 million retail customers and nearly 40,000 branches. RI invested as part of the company’s US$7 billion strategic pre-IPO capital raising, which introduced international investors in advance of its IPO on the Hong Kong Stock Exchange in September 2016. The investment provided PSBC with long-term capital to support the company’s future growth and market opportunity created by the rising consumption patterns of the Chinese population.

Website

Qube Holdings Limited

Location: Australia
Total Investment: AUD$335 million
Date of initial investment: 2016

In August 2016, RI invested AUD$300 million for 9.9% ownership in Qube Holdings Limited (“Qube”). The investment was used to fund Qube’s share of the purchase price for Asciano Limited, which was acquired by a consortium also including CPPIB and several other global investors. Qube is the largest integrated provider of import-export logistics services in Australia, and acquired 50% of the ports assets of Asciano in this transformative transaction. In June 2017, RI invested another AUD$35 million by participating pro rata in a subsequent equity raise. RI’s investment provides Qube with a long-term supportive shareholder as the company continues to act on its extensive growth plan.

Website

Samsung Electronics Co Ltd.

Location: South Korea
Total Investment: C$490 million
Date of initial investment: 2015

CPP Investments has been an investor in Samsung Electronics since 2015. Samsung Electronics is a global leader in smartphone, memory technology and display panel. The company has over 50% market share in DRAM, was first to successfully implement the production of 3D NAND, and is credited with the creation of OLED display panel for smartphone applications.

Tencent Holdings Limited

Location: China
Total Investment: C$1,190 million
Date of initial investment: 2016

CPP Investments has been an investor in Tencent since 2016. Tencent is a global leading technology company headquartered in Shenzhen with operations in gaming, social network, digital media, and financial services. Tencent’s WeChat App has over 1 billion monthly-active-users worldwide.

Advanced Disposal (Exited)

Location: Florida, United States
Total Investment: US$280 million
Date of initial investment: 2016

In August 2016, RI invested US$280 million in Advanced Disposal Services (“Advanced Disposal”) through a convertible preferred equity security, which converted to a 19% common equity stake upon the company’s initial public offering in October 2016. Advanced Disposal was the fourth largest solid waste company in the U.S. and provided integrated, non-hazardous solid waste collection, transfer, disposal and recycling services to customers across the U.S and the Bahamas. The investment enhanced the company’s balance sheet in advance of its IPO, and provided CPP Investments the opportunity to support Advanced Disposal’s long-term growth plan.

We exited the investment in 2020 coincident with the sale of the company to Waste Management Inc. (NYSE:WM).

Michael Koen (Managing Director, Head of Relationship Investments) served on Advanced Disposal’s Board of Directors.

Website

Avantor Inc.

Location: Radnor Township, Pennsylvania, United States
Total Investments: US$316 million
Date of investment: 2020

In November 2020, RI invested US$253 million in Avantor Inc. through participation in a marketed secondary offering by certain of its stockholders. To date, RI has invested a total of US$316 million in Avantor, which includes secondary purchases. Avantor is a leading global provider of ultra-high purity chemicals and reagents, lab products and supplies, formulated silicone materials, customized excipients and other products to customers in the biopharma, healthcare, education and government, and advanced technologies and applied materials industries.

Website

Cellnex Telecom S.A.

Location: Barcelona, Spain
Total Investment:  €1.1 billion
Date of investment: 2018

In 2018, RI invested €259 million in Cellnex Telecom S.A., a leading mobile tower owner and operator based in Spain, with a portfolio spanning 12 European countries. RI accumulated the position in the open market, bringing total equity ownership to just below 5%. Between 2019 and 2021, Cellnex launched four rights offerings to fund a series of acquisitions, which RI supported by taking up its aggregate pro rata interest and making additional open market purchases, resulting in total investment of €794 million in the period. These follow-ons bring the total investment to €1.1 billion at cost, with an ownership of 5.2%.

Website

Embracer Group AB

Location: Karlstad, Sweden
Toal investment: SEK 5.1 billion (€499 million)
Date of investment: 2020

Embracer Group is a Swedish video game developer and publisher with 63 internal development studios globally. Since its founding, the Company has been highly acquisitive and has added numerous development studios and publishers to the broader group. In October 2020, RI invested SEK 2.1 billion in Embracer Group as an anchor investor in an accelerated book build to enable the Company to pursue its organic and acquisition growth strategy. In March 2021, RI continued to support the company’s growth initiatives, investing SEK 3.0 billion as the anchor investor in an accelerated book build and increasing our ownership to above 5%.

Website

Entertainment One Ltd. (Exited)

Location: London, United Kingdom
Total Investment: £202 million
Date of initial investment: 2015

RI has invested £202 million for 17.6% ownership in Entertainment One Ltd. (“eOne”) through five separate transactions: investing (i) £142 million to acquire a secondary stake, (ii) £36 million to support the acquisition of a controlling interest in Peppa Pig, (iii) £16 million to purchase shares in the open market; (iv) £3 million to support the acquisition of a controlling interest in the Mark Gordon Corporation; and (v) £5 million to support the acquisition of Audio Networks. eOne is a leading international entertainment company that operates in three segments: Family and licensing, Television production and sales, and Film distribution and production.

We exited the investment in 2019 coincident with the sale of the company to Hasbro, Inc.

Scott Lawrence (Managing Director, Head of Infrastructure) served on eOne’s Board of Directors.

Essential Utilities

Location: Pennsylvania, United States
Total Investment: US$750 million
Date of initial investment: 2020

In March 2020, RI invested US$750 million in Essential Utilities concurrent with the closing of its acquisition of People Gas. Essential Utilities (formerly Aqua America) is a publicly traded water, wastewater, and natural gas provider in the U.S. In October 2018, the company announced an all-cash transaction to acquire Peoples Gas, a regulated gas utility, for US$4.3 billion. CPPIB provided an investment commitment in March 2019 to fund a portion of Essential Utilities’ acquisition of Peoples Gas. RI’s ownership in Essential Utilities is 9%.

Website

Elis SA

Location: France
Total investment: €514 million
Date of investment: 2017

RI initially invested €116 million in Elis SA through a series of open market purchases in early 2017. Elis, based in Paris, is a market leader in the industrial laundry, textile rental, and hygiene and well-being industry in France, the UK, continental Europe and Latin America. In September 2017, RI helped Elis fund its transformational acquisition of Berendsen, almost doubling the size of the company and making it a pan-European leader in its industry. In support of the acquisition, RI invested a further €200 million through a directed primary equity issuance. Subsequently, RI purchased another €172 million in the open market as well as €26 million through a secondary block trade with Eurazeo. RI’s ownership in Elis is approximately 12%. Joy Verlé (Managing Director, Relationship Investments) and Amy Flikerski (Managing Director, External Portfolio Management) serve on Elis’ Board of Directors.

Website

Enstar Group Ltd.

Location: Bermuda
Total Investment: US$567 million
Date of initial investment: 2015

In June 2015, RI invested US$267 million for 10% ownership in Enstar Group Ltd. Enstar is a global leader in acquiring and managing closed blocks of property & casualty insurance. RI purchased the stake from a private equity sponsor seeking to monetize its investment. In 2016, RI invested an additional US$300 million through secondary share purchases. The investment provided Enstar with a long-term strategic partner who can support the company’s future growth strategy. Poul Winslow (Senior Managing Director & Global Head of Capital Markets and Factor Investing) serves on Enstar’s Board of Directors.

Website

IHS Markit Ltd.

Location: London, United Kingdom
Total Investment: US$724 million
Date of initial investment: 2014

RI has invested US$724 million in IHS Markit, a global leader of information, analytics and solutions in energy, financial services and transportation. RI has built up its stake through a series of investments. In June 2014, RI invested US$250 million as a cornerstone investor in Markit’s initial public offering. The IPO provided liquidity to existing shareholders, and the opportunity for CPPIB to support the company’s long-term growth plan. In December 2015, RI invested an additional US$150 million through a secondary share purchase. Through subsequent open-market purchases, our ownership stake was increased to over 5%. Edwin Cass (Senior Managing Director & Chief Investment Officer) served on Markit’s Board of Directors until the transformational merger of Markit and IHS in 2016. The company subsequently joined the S&P 500 index. Deborah Orida (Senior Managing Director & Global Head of Real Assets) currently serves on IHS Markit’s Board of Directors.

Website

ORPEA S.A.

Location: France
Total Investment: €410 million
Date of initial investment: 2013

RI completed its first European investment in December 2013 with the acquisition of a ~15% interest in ORPEA S.A. for €355 million. ORPEA, based in Paris, is a leading provider of skilled nursing, post-acute, rehabilitation and psychiatric care services. RI purchased shares from ORPEA’s founder and largest shareholder and underwrote a share capital increase to help accelerate the Company’s international growth opportunities. RI also purchased additional shares in the open market. Moritz Krautkrämer (Managing Director, Relationship Investments) and Joy Verlé (Managing Director, Relationship Investments) serve on ORPEA’s Board of Directors.

Website

Progress Energy (Exited)

Location: Calgary, AB, Canada
Total Investment: C$418 million
Date of initial investment: 2010

RI helped Progress acquire strategic lands from Suncor in 2010 by making a $350 million private placement for approximately 13% of the outstanding common stock of the company. During our ownership period, Progress was an independent energy company engaged in the exploration and development of natural gas properties in Western Canada. After our initial investment, RI provided further funding and support in the ensuing two years, to help Progress grow and gain recognition for its world-class Montney resource base.

We exited the investment coincident with the sale of the company in late 2012 to Petronas Carigali Canada Ltd.

Scott Lawrence (Managing Director, Head of Infrastructure) served on the Board of Directors.

Premium Brands Holdings Corp

Location: Richmond, BC, Canada
Total Investment: C$292 million
Date of investment: 2019

In May 2019, RI invested C$200 million in Premium Brands Holdings Corporation to enable the Company to pursue its organic and acquisition growth strategy. In 2020, RI made two follow on investments for a total of C$92 million to support additional acquisitions, including the Company’s investment in Clearwater Seafoods. Premium Brands owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses with operations across Canada and the United States. Since its founding, the Company has been highly acquisitive and has added numerous complementary regional brands to its portfolio. RI’s ownership in Premium Brands is approximately 8%. Sean Cheah (Managing Director, Relationship Investments) serves on Premium Brands’ Board of Directors.

Website

Symrise AG

Loation: Holzminden, Germany
Total investment: €540 million
Date of initial investment: 2018

RI initially invested €299 million in Symrise AG through a series of open-market purchases in 2018. Symrise, based in Holzminden, Germany, is a leading global provider of flavors, fragrances, cosmetic and functional ingredients with over 100 country locations and R&D centers globally. RI supported the Company’s €900 million acquisition of ADF/IDF and anchored the €400 million equity raise with an additional €100 million investment in 2019. RI invested a further €140 million via open market purchases in 2021. RI’s ownership in Symrise AG is above 5%.

Website

TORC Oil & Gas Ltd.

Location: Calgary, AB, Canada
Total Investment: C$412 million
Date of initial investment: 2013

In August 2013, RI invested $163 million for 24% ownership in TORC Oil & Gas Ltd. to enable TORC to acquire significant assets in southeast Saskatchewan and convert to a dividend-paying business model. TORC is a Calgary-based oil and gas producer focused on light-oil opportunities in Western Canada. Subsequent to RI’s investment, Scott Lawrence (Managing Director, Head of Infrastructure) joined TORC’s Board of Directors. RI has continued to support the company by investing another $249 million to fund accretive follow-on acquisitions.

Website

TMX Group Ltd. (Exited)

Location: Toronto, ON, Canada
Total Investment: C$271 million
Date of initial investment: 2011

CPP Investments invested in TMX Group Limited (“TMX”) as part of the Maple Consortium’s bid to acquire TMX, CDS (national clearing, settlement and depository) and Alpha (alternative trading venue). TMX re-oriented itself as a sales-focused organization, with right-sized cost structure and multiple pillars for growth. The acquisition of Trayport at the end of 2017 further improved TMX’s growth profile. We exited the investment in 2019 as part our normal course portfolio management.

Website

Velvet Energy Ltd.

Location: Calgary, AB, Canada
Total Investment:  C$225 million
Date of initial investment: 2017

In December 2017, RI invested C$150 million in Velvet Energy, a privately held Canadian oil and gas exploration and production company with assets focused in the liquids-rich Montney and Deep Basin formations of Western Canada.

The investment provided Velvet with capital to support the Company’s development of its Montney light oil resource base. In September 2018, RI invested an additional C$75 million to support the Company’s acquisition of Iron Bridge Resources. Kevin Godwin (Managing Director, Relationship Investments) serves on Velvet’s Board of Directors.

Website

WSP Global Inc.

Location: Montreal, QC, Canada
Total Investment: C$556 million
Date of initial investment: 2011

RI helped WSP (originally known as GENIVAR), a global engineering services consultancy, to execute its acquisition growth strategy in six separate transactions: investing (i) $80 million in December 2011 to fund tuck-in acquisitions, (ii) $99 million in June 2012 to facilitate GENIVAR’s transformative acquisition of UK-based WSP Group plc., (iii) $40 million in March 2014 to help fund the acquisition of Canada-based Focus Group, (iv) $200 million in October 2014 to facilitate WSP’s transformative acquisition of US-based Parsons Brinckerhoff, (v) $72 million in September 2015 to help fund the acquisition of Canada-based MMM Group, and (vi) $20 million in June 2020 to support future acquisitions. In 2016, RI invested an additional $45 million via open market purchases. RI’s ownership in WSP is approximately 19%. RI also assisted WSP in the recruitment of a new independent director to complement existing board capabilities.

Website

Ant Financial

Location: China
Total investment: US$600 million
Date of initial investment: 2018

In June 2018, FEA and TI invested US$600 million in Ant International Co., Limited, a wholly-owned off-shore subsidiary of Ant Small and Micro Financial Services Group Co., Ltd. (“Ant Financial”). Ant Financial is China’s leading financial services technology platform and, together with its global partners, serves approximately 870 million users globally. CPPIB invested as part of Ant Financial’s US$14 billion Series C equity fundraising to support its further globalization and investments into R&D. Through this investment, CPPIB is able to contribute to Ant Financial’s efforts to empower its partners to serve individuals and SMEs globally.

Website

Chargepoint

Location: United States
Date of initial investment: 2018

ChargePoint is the world’s leading electric vehicle (EV) charging network, with tens-of-thousands of places to charge on its network around the world. Headquartered in Silicon Valley and with offices located across Europe, ChargePoint provides businesses, cities, agencies and service providers with charging solutions in every category EV drivers charge, at home, work, around town and on the road. ChargePoint is the only charging technology company on the market that designs, develops and manufactures hardware and software solutions across every use case. ChargePoint’s smart networked technology enables drivers to locate charging stations, start a charging session and monitor their session through the ChargePoint mobile app, creating a seamless experience for EV drivers.  

Website

Compass

Location: United States
Date of initial investment: 2018

Compass is a real estate technology company with a powerful end-to-end platform that supports the entire buying and selling workflow. They deliver an incomparable experience to both agents and their clients all in service of the Compass mission: to help everyone find their place in the world. Founded in 2012 by Ori Allon and Robert Reffkin, Compass operates in cities across the United States.  

Website

Fabric

Location: Israel
Date of Initial Investment: 2019

Fabric is a logistics platform making on-demand fulfillment possible, profitable and sustainable for retailers, while powering their unique offerings. The company builds multi-tenant and private networks of automated micro-fulfillment centers and makes on-demand fulfillment profitable by locating these automated facilities close to end customers. The company’s solution has been deployed commercially since 2018 and is production-proven. Founded in 2015, Fabric has offices in Tel Aviv and New York.

Fusion

Location: United States
Date of Initial Investment: 2019

Fusion Pharmaceuticals is a clinical-stage biopharmaceutical company focused on developing targeted alpha therapeutics to treat cancer. Using its proprietary Fast-ClearTM Linker Technology platform, Fusion attaches medical isotopes to targeting molecules creating novel, next-generation cancer treatments. In preclinical studies, the Company has shown the ability to precisely target and effectively kill solid tumor cells, while minimizing impact to healthy tissue.

Website

Katerra

Location: United States
Date of initial investment: 2018

Katerra is a technology company optimizing every aspect of building development, design, and construction. With leaders from the most groundbreaking technology, design, manufacturing, and construction companies, Katerra transforms how buildings and spaces come to life. Founded in 2015, the company has a growing number of domestic and international offices, factories, and building projects.

Website

Lulus

Location: United States
Date of initial investment: 2018

Lulus is a rapidly growing lifestyle, fashion brand. Headquartered in Chico, California, Lulus has emerged as the go-to brand for affordable luxury by offering curated, quality products at reasonable prices, superior customer service, and a personalized online shopping experience. Featuring a unique product assortment from the Lulus label and a curated selection of on-trend designers and brands, the Company utilizes a data driven approach to be able to deliver not only what customers want when they want it, but to be able to leverage scarcity and urgency of sale. Lulus has employed this differentiated merchandising strategy to foster a highly-engaged and loyal millennial customer base.

Website

Netskope

Location: United States
Date of initial investment: 2020

Netskope is a leading cloud security provider offering real-time data and threat protection when accessing cloud services, websites, and private apps from anywhere, on any device. Netskope takes a data-centric approach that empowers security teams with the right balance of protection and speed they need to secure their digital transformation journey. Founded in 2012 by leading cybersecurity executives, the company is based in Santa Clara, California and operates worldwide.

Website

Perfect Day

Location: United States
Date of initial investment: 2020

Perfect Day. PCompany is on a mission to revolutionize how dairy products are made to create a kinder, greener world. Instead of relying on cows, the Bay Area startup utilizes fermentation in microflora to create proprietary ‘flora-made’ dairy protein. Perfect Day’s ingenious animal-free protein can be used across a range of products — from ice cream and milk to cheese and butter — to deliver the same taste and texture of dairy with none of the environmental, animal welfare, or food safety concerns. Foods made with Perfect Day protein can be labeled as vegan and lactose-free and are coming soon to a fridge near you as the company expands its network of food and dairy manufacturing partners.

Website

Sila Nano

Location: United States
Date of initial investment: 2019

Sila Nano is a battery technology company enabling lighter, safer and higher-energy-density batteries to support mass adoption of electric vehicles, smarter and longer-lasting portable electronics, and broader use of renewable power sources. The Company was founded in 2011 by Silicon Valley battery engineers and a Georgia Tech materials science professor.

Website

Snowflake

Location: United States
Date of initial investment: 2020

Snowflake is a data warehousing company that offers cloud-based data storage and analytics services. The company’s cloud-built data platform provides enterprises with instant elasticity, secure data sharing, easily scalable data querying & extraction, and usage based payments across multiple clouds. Founded in 2012, Snowflake is headquartered in San Mateo, California and operates globally.

Website

Viking Cruises

Location: Bermuda
Date of initial investment: 2016

Viking Cruises is a leading provider of worldwide river and ocean cruises, operating more than 61 cruise vessels based in 44 countries.  Serving travellers across North America, the U.K., Australia and, starting this year, China, Viking Cruises creates culturally immersive, destination-centric experiences for its customers. The company provides city-to-city itineraries that offer a wider range of cultural locales, with more destinations and time dedicated to shore excursions than traditional cruise lines.

Website

Equatorial Energia S.A.

Location: Brazil
Initial investment: 2018

Equatorial is a leading utility player engaged in power distribution and transmission in Brazil.

Website

Smartfit

Location: Brazil
Initial investment: 2019

Smartfit is Latin America’s largest fitness chain, serving over 2.5 million members through more than 730 clubs.

Website

Advent International (LAPEF)

Location: Latin America
Commitment: US$200 million
Date of initial investment: 2019

Advent International is a large, global private equity firm focused on buyout and growth opportunities. CPP Investments committed US$200 million to Advent’s Latin America focused fund (LAPEF VII) in 2019.

Website

Nexus Group

Location: Peru
Commitment: US$80 million
Date of initial investment: 2013

Nexus Group is a mid-market, Peru-based private equity firm focused on buyout and growth opportunities. CPP Investments committed US$80 million to NGCP II in 2013.

Patria Investimentos

Location: Brazil
Commitment: US$300 million
Date of initial investment: 2014

Patria Investimentos is a pioneer private equity firm in Brazil and one of the largest investment managers in Latin America. CPPIB committed US$100 million to Patria V in 2014 and US$200 million to Patria VI in 2018.

Website

Victoria Capital Partners

Location: Latin America
Commitment: US$75 million
Date of initial investment: 2012

Victoria Capital Partners is a mid-market, pan-Latin American private equity firm focused on buyout and growth opportunities. CPPIB committed US$75 million to SAP II in 2012.

Website

Teams within Active Equities

Our team is comprised of Active Fundamental Equities, Fundamental Equities Asia, Relationship Investments, Research and Portfolio Strategy, Sustainable Investing, and Thematic Investing.
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