CPPIB eyes Asia private equity to counter the Q2 blues
Despite ending its first quarter of fiscal 2023 with a $16 billion decrease in net assets, the Canadian pension plan manager increased its PE commitments across Asia, including China and India.
The Canada Pension Plan Investment Board (CPPIB) ended its April-June quarter with net assets of $523 billion - a decrease of 4.2% compared with the $539 billion at the end of the previous quarter - but still outperformed leading global indices despite the challenging conditions.
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