On April 17, 2025, Canada Pension Plan Investment Board (CPP Investments) announced the completion of its sale of a diversified portfolio comprising 25 limited partnership fund interests in North American and European buyout funds. The buyers were Ares Management Private Equity Secondaries funds and CVC Secondary Partners, the secondaries arm of CVC. The transaction closed on March 31, 2025, generating net proceeds of approximately C$1.2 billion for CPP Investments. At the time of publication, this equated to roughly US$885 million or €830 million. The sale is part of CPP Investments’ active portfolio management strategy, aimed at optimizing its private equity holdings through selective secondary market transactions. According to Dushy Sivanithy, Managing Director & Head of Secondaries at CPP Investments, the sale reflects the organization’s disciplined approach to refining its global private equity exposure. The portfolio sold consists of a mix of primary commitments and secondary purchases made more than a decade ago. As of December 31, 2024, CPP Investments’ net private equity investments totalled C$151.2 billion globally, spanning fund commitments, secondaries, and direct investments.