Baby steps

The Canadian Pension Plan plans to increase its real estate exposure, one fund at a time.

Select fund commitments

FUND STRATEGY FUND SIZE (M) COMMITMENT
LaSalle Canadian Opportunity C$268 m C$100 m
Income & Growth Fund
Lone Star V Opportunity US$5 bn US$100 m

Portfolio Snapshot

First year invested in private equity real estate: 2003
Fund geography: Glabal, North America, Western Europe
Private equity real estate strategies: Core, opportunity/value added
Sectors targeted: Diversified
Total CPP funds under management C$81.3 billion
$66.8 billion; €55.4 billion
Current allocation to real estate: 1%
Target allocation to real estate: 10%
Other investment vehicles: Co-investment programs, REITs