CPP Investments increases Canadian mid-market commitment to Northleaf by $750M

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TORONTO - The Canada Pension Plan Investment Board is investing an additional $750 million with Northleaf Capital Partners as part of its mid-market program aimed at supporting the growth of domestic private companies.

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Hey there, time traveller!
This article was published 15/01/2026 (247 days ago), so information in it may no longer be current.

TORONTO – The Canada Pension Plan Investment Board is investing an additional $750 million with Northleaf Capital Partners as part of its mid-market program aimed at supporting the growth of domestic private companies.

The pension fund manager says the increase brings CPP Investments’ cumulative commitments to Northleaf to more than $3 billion since inception.

CPP Investments and Northleaf have a two-decade long partnership.

Signage is seen in the reception of CPP Investments' Toronto offices, on Thursday, Sept. 21, 2023. THE CANADIAN PRESS/Chris Young
Signage is seen in the reception of CPP Investments' Toronto offices, on Thursday, Sept. 21, 2023. THE CANADIAN PRESS/Chris Young

Bruce Hogg, managing director and head of integrated strategies at CPP Investments, says that through Northleaf, it can efficiently access high-quality managers and help support private companies in the country.

He says growing the program allows CPP Investments to deepen this exposure in a disciplined way.

CPP Investments also recently completed a deal to invest about $160 million to acquire exposure to a portfolio of mid-market funds and companies as part of Northleaf’s global private equity program.

This report by The Canadian Press was first published Jan. 15, 2026.

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