CPPIB seeks experienced secondaries exec in Toronto

Candidates must have excellent investment judgement and 'sense of the deal'.

Canada Pension Plan Investment Board wants to hire an experienced secondaries investment professional in its Toronto headquarters.

The pension giant is seeking a principal or senior principal for its secondaries group, according to a job posting on its website. Reporting to the managing director, head of secondaries, the successful candidate will lead global deal teams originating, executing and managing the full range of secondaries investments across buyout, growth and venture assets.

Candidates must have more than 10 years of private equity, sponsor coverage or other relevant experience; proven experience in sourcing, executing and completing successful deals; excellent investment judgement and “sense of the deal”; and superior interpersonal skills, among other attributes.

The role also involves participating in sell-down processes on behalf of the pension’s wider private equity department.

An MBA and additional language capabilities are plus.

CPPIB’s secondaries team manages a portfolio of at least C$10 billion ($7.5 billion; €6.8 billion) and comprises 20 investment professionals, according to the advert. It has invested in more than 30 deals between $50 million and $1 billion over the last three years. The group has a mandate for continued growth to support the growth of CPPIB’s private equity portfolio.

Interested candidates can apply via CPPIB’s website.

CPPIB’s secondaries investments jumped 31 percent year on year, investing C$5.5 billion in the 12 months to 31 March, according to its latest annual report. The team is led by Michael Woolhouse in Toronto and Nik Morandi and Louis Choy in London.

In July, Secondaries Investor reported that CPPIB had emerged as the lead backer in the tender offer on TPG’s second growth fund.