The Canada Pension Plan Investment Board announced on July 14, 2004 commitments to two new private equity partners, totalling the equivalent of US$175 million. US$75 million was committed to Hellman & Friedman Capital Partners V, LP, a fund managed by Hellman & Friedman LLC with offices in San Francisco and London. The fund is expected to be invested over the next six years in private equity opportunities with the focus on buyout opportunities primarily in the US. US$100 million was committed to Silver Lake Partners II, LP, a fund managed by Silver Lake Partners with offices in Menlo Park and New York. The fund is expected to be invested over the next six years in large scale private equity investments in technology and related companies primarily in North America.
On both investments, Canada Pension Plan Investment Board was represented by Goodmans, with a team consisting of Kenneth Wiener and Yi-Wen Hsu in Toronto; and by US counsel Debevoise & Plimpton in New York, with a team for the Hellman & Friedman transaction consisting of Jane Engelhardt, David Stein, Rebecca Richards and David Schwartz, and a team for the Silver Lake transaction consisting of H. Soo Lee, Rafael Kariyev, Naftali Minzer and David Schwartz.
Hellman & Friedman LLC was represented by Simpson Thacher & Bartlett in Palo Alto, with a team consisting of Michael Nooney, Kuyler Marsh and Katharine Moir.
Silver Lake Partners was also represented by Simpson Thacher & Bartlett in New York, with a team consisting of Michael Wolitzer, Andrew Wright, Vanessa Coke Cohen and Christoph Haenschel.