CPPIB grows principal credit team in Asia

Canada’s biggest pension fund is building out its leveraged finance team in the region as it strives for global diversification and growth in nascent markets.

CPPIB grows principal credit team in Asia

The Canada Pension Plan Investment Board CPPIB is bulking up its Asia Pacific principal credit investments team as a long-term play on the fast developing debt markets across the region, people familiar with the moves said.

The Toronto-headquartered investor has added two investment professionals to the Hong Kong-based team in the last year, bringing the total to five members. Globally the division comprises about 45 professionals, the people said.

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