The CPP Investment Board today announced commitments to two new private equity partners.

CPP IB has committed EUR$200 million to Apax Europe VI, LP, a fund advised by Apax Partners in Europe which has offices in London, Munich, Madrid, Tel Aviv, Milan, and Stockholm. The fund, with a target commitment of EUR$4 billion, is expected to be invested over the next six years and will provide diversified exposure to late-stage venture, growth capital and buyout transactions across Europe and Israel.

The CPP IB has also committed US$100 million to Lone Star Fund V, L.P. a fund managed by Lone Star Funds with offices in Dallas, London, Dublin, Brussels, Luxembourg, Frankfurt, Berlin, Tokyo, Seoul and Taipei. The fund, with commitments of US$5 billion is expected to be invested over the next three years in secured and corporate unsecured debt instruments, real estate related assets and select corporate opportunities.

These newest commitments, at the equivalent of $450 million, bring the board’s private equity commitments to a total of $8.3 billion. It has committed to 57 limited partnerships managed by 43 private equity firms.

The value of the Canada Pension Plan reserve fund as at December 31, 2004, was $77.2 billion.