CPPIB appoints Suyi Kim Asia head, names new regional PE lead

Kim's previous experience includes roles at Teacher's Private Capital, the PE group at Ontario Teachers' Pension Plan, along with The Carlyle Group. As CPPIB's Asia head, she will be responsible for overseeing investments which accounted for 15.6% of the organization's C$279 billion ($217.7 billion) global portfolio as of March, excluding Australia. During Kim's nine years with CPPIB she has established the group's first international office in Hong Kong and overseen the PE business in Asia.

Deborah Orida has been appointed Kim's successor in this role and will be responsible for leading Asian PE operations with a focus on both direct investments and fund commitments. Orida most recently served as managing director, head of relationship investments international, where she was responsible for significant minority investments in public companies in Asia.

CPPIB's Asia PE portfolio grew to C$10.8 billion from C$7.7 billion over the 12 months to March 2016. During this time, the team made C$2 billion in new commitments to six funds, five of which were new relationships. It also closed six direct investments worth C$1 billion and received C$900 million in distributions from the whole Asia PE portfolio.

The nominations follow the promotion of Mark Machin from head of international and Asia president to global president and CEO. This move also precipitated the naming of former European head Alain Carrier as senior managing director, head of international and a member of CPPIB's senior management team. "These appointments are an excellent reflection of both the deep bench strength and great international experience we have within CPPIB," Machin said in a statement.

CPPIB's latest annual report emphasized the dominant role of international investments in the fund's overall strategy by valuing overseas portfolio assets at C$225.8 billion versus a total of C$53.3 billion for Canadian assets. These investments were achieved across 180 transactions in 45 countries.

Within Asia, CPPIB's holdings as of the end of calendar 2015 included funds managed by CITIC Capital Partners, KKR, Hony Capital, TPG Capital, CDH Investments, Baring Private Equity Asia, Multiples Alternative Asset Management, Archer Capital, FountainVest Partners, Anchor Equity Partners, Hopu Capital, CVC Capital Partners, Hillhouse Capital, India Value Fund Advisors, Bain Capital, Trustbridge Partners, and PAG Asia.

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