Why is CPPIB interested in investing in private debt?
By investing in private debt instruments, we are increasing our ability to access a broader set of investment opportunities that complement our existing investment streams in infrastructure, principal investments, and funds & secondaries. Because of our very long-term investment horizon, our plan is to access these markets in scale with a high degree of internal expertise. This will allow us to access very large markets for private debt and capture the premium for illiquidity that these markets offer to well-capitalized, patient investors.