CPPIB seeks pair of professionals to lead secondaries deal teams

Canada Pension Plan Investment Board, the biggest investor in private equity according to the GI 100, wants to hire two senior principals to lead its global secondaries deal teams.

The C$456.7 billion ($355 billion; €291 billion) pension is looking for two people for the role, one in either Toronto or New York and one in London, according to a job advert on its website. The role involves leading teams in originating, executing and managing secondaries investments across buyout, growth and some venture assets.

The pair will also be responsible for managing members of the pension’s secondaries team.

Suitable candidates must have more than 13 years of private equity or other relevant experience; proven experience in sourcing, executing and completing successful deals; experience leading negotiations with multiple stakeholders and executing a wide range of agreements; and superior interpersonal skills, among other attributes.

Additional languages are an asset.

CPPIB’s secondaries team has more than 20 investment professionals across Toronto and London and invested in more than 30 transactions over the last three years, ranging from C$50 million to over C$1 billion, according to the advert. The group’s assets under management are more than C$10 billion.

The secondaries group’s mandate calls for “continued growth” to support the expansion of the pension’s private equity portfolio and its priority is to generate “consistent outperformance, relative to relevant public and private benchmarks, via exceptional market access, investment judgment and execution expertise”.