Canada Pension Plan Investment Board has completed the sale of a diversified portfolio of 33 private equity fund interests to Blackstone Strategic Partners and Ardian, generating net proceeds of about C$4 billion ($2.9 billion), according to an announcement.
The Canadian pension fund manager said the sale formed part of its active portfolio management strategy and would help optimise its private markets exposure.
The portfolio comprises fund interests built over about two decades, CPP Investments said in a statement.
“This transaction was undertaken as part of our active portfolio management activities,” said Tom Kapsimalis, Managing Director, Head of Secondaries, CPP Investments.
“As a systematic buyer and seller in the secondaries market, this sale provided an attractive opportunity to optimize our exposure and support disciplined capital allocation across our portfolio as we manage the CPP Fund in the best interest of CPP contributors and beneficiaries.”
Blackstone Strategic Partners is Blackstone’s secondaries unit, with $100 billion in assets under management across secondaries, co-investments, primary advisory and GP stakes. Ardian manages or advises about $200 billion across private equity, real assets and credit.
CPP Investments, which manages the funds of the Canada Pension Plan, invests across public equities, private equity, real estate, infrastructure and fixed income. The fund had C$780.7 billion in assets as of Dec. 31, 2025.
