Private equity fund data on CPP website

The Canada Pension Plan Investment Board announced today that it has expanded its online disclosure of private equity investments.

(PrivateEquityCentral.net) The Canada Pension Plan Investment Board announced today it has expanded its online disclosure of private equity investments.

In May 2002, the CPP Investment Board posted descriptions of all the general partners to which the pension has committed capital, according to a press release.

Now, the CPP Investment Board is reporting the total commitment to each fund, the capital drawn down, the value of the fund as reported by the manager, and any distributions received by the pension. The pension will not disclose internal rates of return because they are not the best measure of a fund’s performance, according to the release.

“We emphasise cash-on-cash returns, or realised IRRs, and the multiple of distributions received relative to the capital contributed over the life of the fund,” Mark Weisdorf, vice president of the CPP Investment board and head of its private equity investments, said in the statement.

The CPP Investment Board's private equity data can be viewed at: http://www.cppib.ca/how/privmarket/partners.html.

None of the funds listed on the site pre-date 2001. In November, the CPP Investment Board committed up to $387m to three private equity funds: $100m to JP Morgan Partners, $125m to Thomas Weisel Partners, and $81m to Paul Capital Partners.

The CPP Investment Board previously announced it would ultimately invest up to 15 per cent of its assets in alternative assets, including real estate and infrastructure assets. Approximately 10 per cent will be invested in private equity. The pension has invested $4.9bn in 33 funds, of which approximately $850m has been invested by the funds.