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CPP Credit Investments Provides $300M for Värde Finance Platform
The partnership will focus on subscription line lending and other fund finance products.
The partnership will focus on subscription line lending and other fund finance products.
The C$648.8 billion pension giant will own a 90% stake, while real estate firm Kennedy Wilson will take a 10% interest and manage the operation.
Public and private assets helped the pension fund swing from a loss one year earlier to raise its asset value to $471.5 billion.
But allocators point to opportunities they find when investing with smaller, newer firms.
Despite seven fewer transactions than one year earlier, total deal value rose 158%.
Priti Singh, the fund’s capital markets factor investing head, has been promoted to CRO, while Heather Tobin succeeds her.