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The Canada Pension Plan Investment Board (CPPIB) is reportedly planning to sell approximately $1.5 billion worth of its Asia-focused private equity holdings.
The assets for sale include stakes in funds managed by Hillhouse Investment, Bain Capital and PAG, sources told Bloomberg.
CPPIB allocated around $1 billion to Asia-focused strategies managed by these firms between 2014 and 2016, according to information on its website.
The process is understood to be ongoing and plans are subject to change.
The planned sale is part of an effort to reduce the pension fund’s exposure to private equity investments in Asia.
In January, CPP’s global head of private equity …
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