External partners continue to be critical to how we invest, create value and operate the organization.
Partnering enables us to enter markets faster, at lower cost and with more diversification than we could currently achieve on our own. Through strategic partners we efficiently access different asset classes, primarily in private equity, venture capital, real estate and infrastructure and to a certain extent in public market investments. Partnering also enables us to have access to top-performing investment managers and to specialized investment expertise in local real estate markets and specific global markets.
Primarily in Private Investments, we look to our partners for guidance in developing our own capabilities and look forward to investing with them as principals when attractive opportunities arise.
Partnering with world-class investment managers is central to our investment strategy and our ability to fulfill our mandate.
The CPP Investment Board has adopted a structured approach to establishing and maintaining relationships with our partners. This policy stipulates that the CPP Investment Board will:
- Ensure there is proper alignment between the CPP Investment Board and how the partner will deliver value
- Focus on the broader, long-term relationship
- Select partners with whom we are willing to experiment in developing new opportunities.