# CPP Investments: portfolio, investments and team

> CPP Investments is a growth equity. 59 investments on record, 15 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/cpp-investments (Millionrounds; every figure on the page links to its filing or article)

[Investor](https://millionrounds.com/investors)

# CPP Investments

Last cheque observed Oct 2026; 59 cheques on record.

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Deploying now Growth equity

Debt Growth Venture Health Care Financial Services

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Deploying now

**68%** of best year **15** **cheques in 12 months**, 59 on record

Since the last cheque **3** days **00** hrs **00** min **00** sec

Median round **$200M** Rounds led **1 of 59** Sole investor **20 rounds** Mostly in **United States, 50%**

Pitch CPP Investments

## CPP Investments highlights

- 01 15 cheques in the last 12 months
- 02 Mostly Debt and Growth: 62% of its rounds
- 03 Sole investor in 20 rounds, median $250M

## What they do

- **Type:** Growth equity (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Health Care Financial Services
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **59 appearances**

- **2026** 9 rounds
- **Oct** **[Wealthsimple](https://millionrounds.com/company/wealthsimple)** Growth · CA · Google News search **$425M** With 6 others
- **Oct** **[Wealthsimple](https://millionrounds.com/company/wealthsimple)** Series F · CA · BetaKit **$302M** With 6 others
- **Aug** **[NIIF Infrastructure Fund II](https://millionrounds.com/company/niif-infrastructure-fund-ii)** IN · Firms' own news pages **$2.0B** With 10 others
- **Jul** **[Helsing](https://millionrounds.com/company/helsing)** Series E · DE · TechStartups **$1.8B** With 12 others
- **May** **[V.tal](https://millionrounds.com/company/v-tal)** Debt · BR **$115M** With 1 other
- **May** **[VoltaGrid](https://millionrounds.com/company/voltagrid)** Growth · US **$775M** With 1 other
- **Mar** **[9fin](https://millionrounds.com/company/9fin)** Series C · GB · TechStartups **$170M** With 8 others
- **Mar** **[AirTrunk](https://millionrounds.com/company/airtrunk)** Debt · AU **$1.2B** With 3 others
- **Jan** **[Global Cellulose Fibers](https://millionrounds.com/company/global-cellulose-fibers)** Debt · US **$200M** Sole investor
- **2025** 21 rounds
- **Dec** **[Fervo Energy](https://millionrounds.com/company/fervo-energy)** Series E · US · TechCrunch **$462M** With 24 others
- **Dec** **[Octopus Energy Group](https://millionrounds.com/company/octopus-energy-group)** Growth · GB **$320M** With 1 other
- **Dec** **[National Highways Infra Trust](https://millionrounds.com/company/national-highways-infra-trust)** Secondary **$84M** Sole investor
- **Dec** **[ProAmpac](https://millionrounds.com/company/proampac)** Debt · US **$200M** Sole investor
- **Nov** **[VoltaGrid](https://millionrounds.com/company/voltagrid)** Debt · US **$5.0B** With 1 other
- **Nov** **[Optimum Communications](https://millionrounds.com/company/optimum-communications)** Debt · US **$2.0B** Sole investor
- **Oct** **[Kailera Therapeutics](https://millionrounds.com/company/kailera-therapeutics)** Series B · US · Crunchbase News **$600M** With 9 others
- **Oct** **[Global Lending Services](https://millionrounds.com/company/global-lending-services)** Debt · US **$500M** Sole investor
- **Oct** **[Alpha Generation](https://millionrounds.com/company/alpha-generation)** Debt · US **$750M** Sole investor
- **Sept** **[Chestnut Carbon](https://millionrounds.com/company/chestnut-carbon)** Series B · US · AlleyWatch **$90M** *Led*
- **Sept** **[Waystar](https://millionrounds.com/company/waystar)** Secondary · US **$709M** Sole investor
- **Sept** **[Emergent Cold Latin America](https://millionrounds.com/company/emergent-cold-latin-america)** Debt · BR **$250M** Sole investor
- **Aug** **[First Due](https://millionrounds.com/company/first-due)** Growth · US · Crunchbase News **$355M** With 4 others
- **Jul** **[Aavas Financiers](https://millionrounds.com/company/aavas-financiers)** Secondary **$75M** With 1 other
- **Jul** **[Niwas Housing Finance](https://millionrounds.com/company/niwas-housing-finance)** Growth **$50M** Sole investor
- **May** **[V.tal](https://millionrounds.com/company/v-tal)** Debt · BR **$426M** Sole investor
- **May** **[Definity Financial](https://millionrounds.com/company/definity-financial)** CA **$278M** Sole investor
- **Apr** **[ModMed](https://millionrounds.com/company/modmed)** Growth · US **$100M** With 3 others
- **Apr** **[Accuity](https://millionrounds.com/company/accuity)** Growth · US **$100M** Sole investor
- **Feb** **[Chestnut Carbon](https://millionrounds.com/company/chestnut-carbon)** Series B · US · AlleyWatch **$160M** With 3 others
- **Jan** **[Inari](https://millionrounds.com/company/inari)** Growth · US **$144M** With 2 others
- **2024** 9 rounds
- **Nov** **[Silfab Solar](https://millionrounds.com/company/silfab-solar)** Growth · CA **$50M** With 1 other
- **Oct** **[Eruditus](https://millionrounds.com/company/eruditus)** Series F · SG · TechStartups **$150M** With 5 others
- **Aug** **[Tallgrass Energy](https://millionrounds.com/company/tallgrass-energy)** Growth · US **$843M** With 1 other
- **Aug** **[ThinCats](https://millionrounds.com/company/thincats)** Debt · GB **$96M** With 2 others
- **Jul** **[team.blue](https://millionrounds.com/company/team-blue)** Venture **Undisclosed** Sole investor
- **May** **[Renewable Power Capital](https://millionrounds.com/company/renewable-power-capital)** Debt · GB **$601M** With 2 others
- **Jan** **[10X Banking](https://millionrounds.com/company/10x-banking)** Venture · GB **$45M** With 3 others
- **Jan** **[Clir Renewables](https://millionrounds.com/company/clir-renewables)** Venture · CA **$1.5M** With 2 others
- **Jan** **[Perfect Day](https://millionrounds.com/company/perfect-day)** Series E · US **$90M** With 5 others
- **2023** 5 rounds
- **Dec** **[Stonegate Pub Company](https://millionrounds.com/company/stonegate-pub-company)** Debt · GB **$809M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

Funds they back

## 1 fund commitment on record

- **Managers:** -

Every fund on record that it has committed money to, and the managers who invest it. Source: fund news.

Most recent commitments

- National Investment and Infrastructure Fund Limited (NIIF) NIIF Infrastructure Fund II

## The cheque

Debt Growth Venture

Median round joined **$200M** the round, not its cheque Alone, median **$250M**

Led 1 of 59 rounds **2%**

- **Sole investor:** 20 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Debt *18*
- Growth *14*
- Venture *7*
- Series B *6*
- Secondary *4*
- Series E *3*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [BlackRock](https://millionrounds.com/fund/blackrock) 3
- [Canada Pension Plan Investment Board](https://millionrounds.com/fund/canada-pension-plan-investment-board) 3
- [ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital) 3
- [Accel](https://millionrounds.com/fund/accel) 2
- [CIBC](https://millionrounds.com/fund/cibc) 2
- [Citibank](https://millionrounds.com/fund/citi) 2

**Pitching CPP Investments?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as CPP Investments. A count of rooms they were both in, not a relationship either has claimed.

[**BlackRock** Asset manager **3** rounds together](https://millionrounds.com/fund/blackrock)[**Canada Pension Plan Investment Board** Growth equity **3** rounds together](https://millionrounds.com/fund/canada-pension-plan-investment-board)[**ICONIQ Capital** Family office **3** rounds together](https://millionrounds.com/fund/iconiq-capital)[**Accel** VC firm **2** rounds together](https://millionrounds.com/fund/accel)[**CIBC** VC firm **2** rounds together](https://millionrounds.com/fund/cibc)[**Citibank** Growth equity **2** rounds together](https://millionrounds.com/fund/citi)[**Creative Destruction Lab** Accelerator **2** rounds together](https://millionrounds.com/fund/creative-destruction-lab)[**Energy Impact Partners** VC firm **2** rounds together](https://millionrounds.com/fund/energy-impact-partners)[**Fidelity** VC firm **2** rounds together](https://millionrounds.com/fund/fidelity)[**Flagship Pioneering** VC firm **2** rounds together](https://millionrounds.com/fund/flagship-pioneering)[**GIC** Private equity **2** rounds together](https://millionrounds.com/fund/gic)[**Goldman Sachs** Private equity **2** rounds together](https://millionrounds.com/fund/goldman-sachs)

## Recently backed

The latest companies CPP Investments put money into.

[**Wealthsimple** $425M · Oct 2026](https://millionrounds.com/company/wealthsimple)[**Helsing** $1.8B · Jul 2026](https://millionrounds.com/company/helsing)[**9fin** $170M · Mar 2026](https://millionrounds.com/company/9fin)[**AirTrunk** $1.2B · Mar 2026](https://millionrounds.com/company/airtrunk)[**Global Cellulose Fibers** $200M · Jan 2026](https://millionrounds.com/company/global-cellulose-fibers)[**Fervo Energy** $462M · Dec 2025](https://millionrounds.com/company/fervo-energy)

## On podcasts

3 episodes naming CPP Investments in the title, and 4 more that mention it.

- [In Good Company](https://millionrounds.com/podcasts/in-good-company) 10 Jul 2026 · 10 min HIGHLIGHTS: John Graham - CEO of CPP Investments Mentions [CPP Investments](https://millionrounds.com/fund/cpp-investments) Apple PodcastsShow page
- [In Good Company](https://millionrounds.com/podcasts/in-good-company) 8 Jul 2026 · 44 min CPP Investments CEO: The Canadian Model, Public vs Private and Investing for 22 Million Canadians Mentions [CPP Investments](https://millionrounds.com/fund/cpp-investments) Apple PodcastsShow page
- [Money Maze Podcast](https://millionrounds.com/podcasts/money-maze) 18 Apr 2024 · 38 min Insights from CPP Investments: Canada’s Largest Global Pension Fund - With Suyi Kim Mentions [CPP Investments](https://millionrounds.com/fund/cpp-investments)[Jo Taylor](https://millionrounds.com/person/jo-taylor) Apple PodcastsShow page

### Mentioned in

- [Startuprad.io](https://millionrounds.com/podcasts/startuprad) 30 Jul 2026 · 35 min E 767, Unicorn Atlas #1: Helsing, Europe's $18 Billion Defence AI Bet Apple PodcastsShow page
- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 13 May 2026 · 18 min Flexible Capital for Fintech: Portage Capital Solutions’ Devon Kirk Apple PodcastsShow page
- [Money Maze Podcast](https://millionrounds.com/podcasts/money-maze) 19 Dec 2024 · 7 min 2024 in Review! Apple PodcastsShow page
- [Capital Allocators](https://millionrounds.com/podcasts/capital-allocators) 26 Oct 2023 · 48 min Tim Lyne – Three Decades of Private Credit at Antares (EP.346) Apple PodcastsShow page

## Quick answers about CPP Investments

### What does CPP Investments invest in?

CPP Investments invests most often at Debt and Growth (62% of the rounds on record), in sectors such as Health Care and Financial Services.

### How active is CPP Investments?

59 investments on record, 15 of them in the last 12 months, and it led 1. The most recent was in Oct 2026.

### What has CPP Investments invested in recently?

Its most recent investments on record: Wealthsimple (Growth, Oct 2026), NIIF Infrastructure Fund II (Undisclosed round, Aug 2026) and Helsing (Series E, Jul 2026).

### How big are CPP Investments's cheques?

The median round it joins is $200M.

### Does CPP Investments lead rounds?

Sometimes: it led 1 of its 59 investments on record (2%).

### Where does CPP Investments invest?

Most of the companies it backs are in the United States (50%), the United Kingdom (17%) and Canada (14%).

### Is CPP Investments investing now?

Yes: it is actively investing, with 15 investments in the last 12 months.

### Who does CPP Investments invest alongside?

Most often BlackRock (3 rounds together), Canada Pension Plan Investment Board (3 rounds together) and ICONIQ Capital (3 rounds together).

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