The CPP Investment Board has committed $75 million to two private investment funds. Both funds will concentrate their investments in Canada.

CPPIB has committed $25 million to the CAI Capital Partners and Co. III, a mid-market buyout fund, and $50 million to Ventures West 8, a venture capital fund.

The CAI Capital Partners fund will focus on making equity investments in mid-market companies in North America, with a particular emphasis on Canada. The fund will invest primarily in the business services, industrial manufacturing, consumer products, energy services, financial services and healthcare sectors.

The Ventures West 8 fund will target early-stage technology companies across Canada in the information technology, biotechnology, communications and energy technology sectors.

The Ventures West investment brings the CPP Investment Board’s Canadian venture capital commitments to a total of $550 million.

“We believe these Canadian private equity investors are well positioned to identify quality investment opportunities and generate superior returns in a broad range of sectors across the country,” said Mark Weisdorf, VP – Private Market Investments for the CPPIB.

The two investments bring the CPP Investment Board’s private equity commitments to a total of $5.3 billion committed to 39 limited partnerships managed by 34 private equity firms. Private equity commitments will be drawn down during the next few years.

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