Private Investments (PI) is responsible for all of CPPIB’s private investments globally, excluding real assets. By investing in private equity and private debt, PI seeks opportunities that will outperform comparable passive public alternatives.
Principal Credit Investments (PCI) is focused on investing in sub-investment-grade corporate debt through both primary and secondary transactions. With investments in the Americas, Europe and Asia, the team provides debt financing across the entire capital structure, including term loans, high-yield bonds, mezzanine lending and other solutions for corporations.
The PCI platform also includes a sub-group that specializes in acquiring intellectual property rights, primarily in pharmaceuticals and technology. The group participates in unique event-driven opportunities, such as acquisitions, refinancings, restructurings and recapitalizations. It has to date targeted single-name position sizes ranging between $50 million and $500 million.