Australia's Future Fund makes secondary sale to CPPIB - report
Australia’s Future Fund exited A$1 billion ($712 million) worth of fund positions from its private equity portfolio last year, with Canada Pension Plan Investment Board (CPPIB) picking up the assets.
The sale came as the superannuation fund trimmed its private equity allocation and boosted cash holdings, reflecting concerns over increased risk due to changes in lending and public policy. According...
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