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Laxman Pai, Opalesque Asia: The Canada Pension Plan Investment Board, operating as CPP Investments, has joined Capital Constellation, the consortium of institutional asset owners in Europe, North America, and the Persian Gulf.
Managed by private equity and alternative investment manager, Wafra Inc., Constellation unites the expertise and capital base of premier institutional investors around the world with promising growth alternative asset managers, according to a media release from the collaborative asset owner platform.
CPP Investments joins Alaska Permanent Fund Corporation, the Public Institution for Social Security of Kuwait (PIFSS), Railpen, the Third Swedish National Pension Fund (AP3), and New York State Common Retirement Fund, among other asset owners, as a member of Constellation's Strategic Committee.
Constellation's asset owners collectively manage nearly $2 trillion in assets, with the Strategic Committee tasked with maximizing network benefits and peer engagement amongst Constellation's partners.
"Constellation presents an exciting opportunity to access investments for CPP Investments and a channel through which to collaborate with a world-class group of institutional investors. We look forward to sharing our experience of the rapidly evolving secondary market and also serving as a capital solution and liquidity provider to the platform," said Dushy Sivanithy, Managing Director, of Private Equity Secondaries, CPP Investments.
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