CPPIB's Asia head handed global PE role

Kim (pictured) joined CPPIB in 2007 and went on to establish the pension plan’s Hong Kong office and launch its Asia private equity business. She took on the Asia leadership role in 2016. The brief was expanded to Asia Pacific two years later when Kim assumed responsibility for Australia-based investments.

Prior to CPPIB, she worked for Ontario Teachers’ Pension Plan, The Carlyle Group, and McKinsey & Company.

Kim will begin her new role on September 15. The position became vacant with the departure of Shane Feeney, who joined Canada-based Northleaf Capital Partners as head of global secondaries.

CPPIB has also seen change at the top this year, with John Graham named CEO in February. This followed the resignation of his predecessor, Mark Machin, who traveled to the United Arab Emirates in a personal capacity to receive a COVID-19 vaccination at a time when Canadians were not supposed to be going abroad. Machin was head of Asia before becoming CEO.

As head of global private equity, Kim will run a department that makes investments directly and alongside partners. As of March, CPPIB had relationships with 160 PE fund managers and other specialized partners. The portfolio was worth C$125.1 billion ($100.3 billion), of which C$16.3 billion was deployed in Asia.

CPPIB’s total assets stood at C$497.2 billion, up from C$409.6 billion a year earlier. The 10-year net rate of return is 10.8%.

“Suyi’s background in private equity, extensive experience leading our Asia Pacific business and deep knowledge of the organization makes her ideally suited for this role, and demonstrates the depth of our leadership team,” Graham said in a statement.

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• Topics
• North America
• LPs
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• Canada Pension Plan Investment Board (CPPIB)
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• Asia
• Appointments