CPP Investments Commits $1.6B in 1Q2025; Appoints Global Head of Private Equity

The Canadian Public Pension Board (CPP Investments) announced six commitments totaling $1.6 billion for Q1 of 2025, according to an August 14th News release. 

In private equity, $75 million was committed to Radical Growth I. Additionally, in the large buyout exposure $200 million was committed to Clearlake Capital Partners VIII and $100 million to Brookfield Capital Partners VI.

Within the middle market buyout sleeve of private equity, $600 million was committed to Thoma Bravo XVI and $100 million to Kedaara Capital Fund IV. 

Furthermore, in real estate €500 million (approximately $553M) was allocated to  Blackstone Real Estate Partners Europe VII.

Also disclosed in the news release, Caitlin Gubbels was promoted to the role of Senior Managing Director & Global Head of Private Equity, effective October 15th. She will succeed Suyi Kim, who has held the role since 2021. In this role, Gubbels will lead CPP’s Private Equity program globally, including the teams dedicated to investments in Direct Private Equity, Private Equity Asia, and Private Equity Funds and Secondaries. 

As of June 30, 2024, CPP Investments was valued at approximately $646.8 billion, compared to $632.3 billion at the end of the previous quarter. 

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