Canada’s largest pension fund plans to nearly double the size of its credit holdings over the next five years, and it’s counting on an upturn in leveraged buyouts to generate some of that growth.
Andrew Edgell, global head of credit investments at Canada Pension Plan Investment Board, said the fund expects to have more than C$115 billion ($84.1 billion) in credit assets by 2029, compared with about C$62 billion today. Much of that will be handled by its in-house investment team, which is prepared for a thaw in the buyout market after a couple of slow years.
