CPP Investments PE - any good?
Is CPP investments PE division a reputable firm?
Good exit ops?
Sweaty or laxed?
Saw some postings about it in Toronto.
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Interested as well
Search CPPIB for more color on here, but it's a very well known pension fund even in the states. Very chill lifestyle (50-60 hour weeks) and excellent brand name
I used to work there.
Overall I thought it was a good place to start your career but it's very beurocratic.
comp data? And what do you mean by political?
Bureaucratic is 100% true for every single Canadian pension fund. Working on the GP side, we JV with a number of pensions and their IC processes are honestly so painful to work through that it’s almost not worth the effort sometimes…
Low pay; low hours; decent deals; good name to have on your resume; good connections / network to be made in Canada. Solid choice.
PE Analyst at CPP is now paying only CAD 78k base. That's what I mean by low.
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can you comment on real assets group? is it leadership, just the team in general or the fact that they keep passing on opps but looking at a lot. on comp, i've heard at principal level it's more around mid C$300k all-in. seems like a very reasonable WLB at that level for a 50-60 hour week.
This is not true for Private Capital teams. Salary is 105K.
Anyone have updated comp data for associate or senior associate hires? Heard analyst is ~C$160k+
C$225-250 has been floated for associate but looking for confirmation
So you're saying an average Associate 1 makes C$275k and a Senior Associate makes C$370k-C$460k???
Had a bunch of my peers look at it from a post-MBA perspective and I networked with a few MBA alums who work/worked there. My general take is that it's a lifestyle PE gig in that you work pretty hard, get paid well, get to do PE, but your'e mainly on the co-invest side of things. All the big funds that CPPIB is an LP in, will call on CPPIB, especially in really big deals where they need larger equity checks, and CPPIB is happy to ride along, pay fewer fees, and get to be a "direct" investor. I believe CPPIB does a little bit of actual direct investing as well, but from convos I've had, that isn't the forte.
To me, if you want to be in Canada/Toronto and do PE it's about as good of a job as you can get. I remember going to an info session a while back and tons of the candidates had the same story. Grew up in Toronto/Canada, went to school/B-School in the US/worked at a big US bank, want to make their way home to Canada and thus CPPIB is a great fit. Doesn't make quite as much sense for an American, but if you can break in, then go for it.
Downside is that I've heard it's hard to move up, lots of politics/hierarchy. If you move up and have a family in Toronto, why would you ever leave? Especially given the lack of quality PE options in that area. Also, as well as you get paid, you're never going to get paid as well as you would in PE and although the lifestyle is better, it's not a cushy 30/40 hour gig. So for some, if you happen to be working a little harder than usual, the pay/work life balance can get a little skewed. Not a huge knock on the place, but if the difference between your hours is 60/week vs 70/week but you're making $500k vs $2M...some folks might rather be in traditional PE if they have the opportunity.
All in all, very reputable, you work on big deals, get to see how the big PE firms put a deal together, high pay, not terrible WLB, and you're actually investing to sustain the wealth/pension of a country, so a little more impact that purely trying to make money. Pretty solid middle of the fairway type of opportunity as far as Finance goes.
Unreal response - thank you very much sir
This is generally right but to be clear, someone making $500k at CPPIB is a junior principal (either 7ish years post undergrad or 3 years post mba), where the equivalent position at another fund is not making anywhere near $2mm. Yes you don’t have carry, but the mid level divide is materially less. You start to see this impact as you get more senior more.
Can someone give colour on CPP real estate pay? For Analyst and Associates in Tor/ NYC in their respective currencies. Currently at another Canadian pension in real estate investments that gives just shy of $100k CAD all-in for A1. Hours are 55-65ish with a few weekends.
Would note that comp at CPP's non-Canada offices (NYC, London, Hong Kong) is significantly higher. You can check Glassdoor/WSO Database for more details, but would say the CAD figures quoted in the thread would be the same in USD in other offices. For places like London where overall comp is lower than North America, this is a decent chunk of change given the better WLB.
Where did you get this info if you don't mind? 300k USD for ASO1 at a pension fund is incredible. Is there a differential between their investment groups in terms of pay? For example, someone in public equities, debt, PE, RE, Infra, growth? Cheers
You'll have to take my word for it. Pay differential is minimal, and is more a function of each group's performance (which decides the bonus) vs. differential in base pay etc.
Does anyone have any info regarding CPPs Private Credit group in the US? Is comp similar to CPPs PE side for Associate/Sr Associate?
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