Hannah Zhang

The deal was one of several secondaries transactions that CPP participated in during the three months to end-September.

The primary motivation for LPs to consider selling PE fund stakes is the need for liquidity and strategic repositioning, according to a report from Montana Capital Partners.

The pension collected about $860m from the deal, which was its largest disclosed secondaries transaction during the quarter.

The fund will invest across multiple strategies including primaries, secondaries and co-investments.

Stefano Manna joins as head of GP advisory and will help the bank provide sponsors with a range of services including single- and multi-asset continuation funds.