Canada Pension Plan Investment Board has named Shane Feeney, currently its senior managing director & global head of private investments, as senior managing director and global head of private equity, amid a raft of senior management appointments.
Feeney will be responsible for overseeing CPPIB’s direct private equity investments, funds, secondaries and co-investments, as well as its Asian private equity team, according to a statement.
Pierre Lavallée, senior managing director and current global head of investment partnerships, which includes CPPIB’s funds, secondaries and co-investments business, will leave the pension on 2 May.
CPPIB’s other appointments include Suyi Kim to senior managing director and head of Asia-Pacific and Deborah Orida to senior managing director and global head of active equities.
Last May Orida told Secondaries Investor CPPIB was keen to expand its secondaries operations in Asia.
The appointments were made to allow for “greater investment agility and the recognition of the importance of emerging markets”, according to the statement.
CPPIB’s total assets amounted to C$337.1 billion ($262.8 billion; €215.1 billion) as at end December. Private equity made up 19.4 percent or C$65.4 billion of the fund’s portfolio, which delivered a net return of 6.7 percent as at end December 2017. Its Asia-Pacific portfolio made up 23.7 percent of its global portfolio. In addition to its Toronto headquarters, the firm also has offices in the US, Europe, Brazil, Hong Kong, India and Australia.
– Carmela Mendoza contributed to this report.