# CPP Investment Board

CPP Investment Board is a Pension Fund based in Toronto, Canada.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Toronto, Canada
- **Region:** North America
- **Address:** Toronto, Ontario, Canada
- **Founded:** 1997
- **Assets under management:** Over $600 billion (Altss estimate)
- **Website:** cppinvestments.com
- **LinkedIn:** https://ca.linkedin.com/company/cppinvestmentsinvestissementsrpc
- **Wikidata:** Q5013693

## Regulatory record

- **Reports private funds:** No

## About

CPP Investments manages Canada Pension Plan assets. It was established in 1997. The firm invests globally to maximize long-term returns across major asset classes and to support retirement security for Canadians.

## Sectors

- Real Estate
- Infrastructure
- Private Equity
- Private Credit
- Energy Transition & Renewables
- AgriTech & FoodTech
- Enterprise Software
- Secondaries & Special Situations

## Questions

### How is CPP Investments governed relative to the Canadian government?

CPP Investments is governed by an independent board of directors and operates at arm's length from the federal and provincial governments that jointly oversee the Canada Pension Plan. Its mandate is strictly commercial, with the sole objective of maximizing long-term investment returns without regard to public policy or regional development goals. This governance model is enshrined in the Canada Pension Plan Investment Board Act.

### What is the fund's approach to direct versus indirect investing?

CPP Investments is an active, direct investor that also deploys capital through external fund commitments and co-investments. It builds proprietary investment teams across asset classes to originate and manage direct stakes in infrastructure, real estate, private equity, and credit. The fund also participates in large-scale consortium deals with partners such as Blackstone, GIC, and KKR to access diversified exposures and share underwriting risk.

### Which asset classes does CPP Investments prioritize for long-term capital?

The fund allocates heavily to long-duration, inflation-sensitive assets, including infrastructure, real estate, and agricultural land. Holdings include Associated British Ports, Puget Sound Energy, the 407 ETR toll highway, and the Assiniboia Farmland Portfolio. These investments align with the pension plan's positive net contribution outlook, which supports locking up capital for decades.

### Does the fund invest directly in venture-backed technology companies?

Yes, CPP Investments deploys growth and venture capital through its private equity group and thematic fund strategies. It has made direct equity investments in public technology companies such as MicroStrategy and participates in later-stage venture and growth equity rounds. The organization builds sector-specialist teams to execute these investments, supplementing allocations to third-party venture fund managers.

## Related profiles

- [Principal Pension Plan for Certain Former Agents](https://altss.com/profile/principal-pension-plan-for-certain-former-agents)
- [Canada Pension Plan Investment Board](https://altss.com/profile/canada-pension-plan-investment-board-cppib)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/cpp-investment-board

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