{"id":16698,"date":"2019-09-10T15:30:03","date_gmt":"2019-09-10T19:30:03","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/cppib-to-open-san-francisco-office-hires-head-of-vc-funds-135510"},"modified":"2019-09-10T15:30:03","modified_gmt":"2019-09-10T19:30:03","slug":"cppib-to-open-san-francisco-office-hires-head-of-vc-funds","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/09\/10\/cppib-to-open-san-francisco-office-hires-head-of-vc-funds\/","title":{"rendered":"CPPIB to open San Francisco office, hires head of VC funds"},"content":{"rendered":"\n<div class=\"alignleft clearfix\">\n<div class=\"wp-caption feature-image alignleft\"> <img decoding=\"async\" loading=\"lazy\" width=\"316\" height=\"190\" src=\"https:\/\/www.benefitscanada.com\/wp-content\/uploads\/2016\/09\/women-executive.jpg\" class=\"attachment-feature size-feature wp-post-image\" alt title=\"CPPIB to open San Francisco office, hires head of VC funds\"> <\/div>\n<\/p><\/div>\n<p class=\"byline\"> <span>Staff<\/span>&nbsp;|&nbsp;September 10, 2019 <\/p>\n<p>The&nbsp;Canada Pension Plan Investment Board is&nbsp;opening an office in&nbsp;San Francisco.<\/p>\n<p>The&nbsp;new location is the CPPIB\u2019s second U.S. office, after New York City, and&nbsp;its ninth worldwide.<\/p>\n<p>\u201cOne of the pillars of our growth strategy is to place a focus on technology and data and to better understand its impact on our overall portfolio,\u201d said Mark Machin, president and chief executive officer of the CPPIB, in a press release. \u201cHaving a team of highly experienced investment professionals in the Bay Area is a significant step towards delivering on this strategy.\u201d<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/cppib-invests-in-indian-logistics-company-135350\">CPPIB invests in Indian logistics company<\/a><\/strong><\/p>\n<p>The CPPIB is appointing Monica Adractas as head of venture capital funds at the new office.&nbsp;Most recently,&nbsp;she was the global director for Workplace, a subset of Facebook Inc., which she helped launch in 2016.<\/p>\n<p>Several internal personnel are set to be transferred from the CPPIB\u2019s direct private equity, thematic investing, private equity funds and portfolio value creation departments.<\/p>\n<p>\u201cWe are excited about the great talent, both new and existing, who are going to build CPPIB\u2019s presence in San Francisco,\u201d&nbsp;said Machin. \u201cIn addition to gaining direct access to a network of investment opportunities and exposure to an innovative community, having people on the ground in San Francisco will also benefit the broader enterprise through the sharing of advanced knowledge and thinking coming out of the world\u2019s largest innovation and tech ecosystem.\u201d<\/p>\n<p><strong>Read: <a href=\"https:\/\/www.benefitscanada.com\/news\/cppib-bci-taking-stakes-in-separate-health-care-technology-companies-133479\">CPPIB, BCI taking stakes in separate health-care technology companies<\/a><\/strong><\/p>\n<p> <a href=\"https:\/\/www.benefitscanada.com\/news\/cppib-to-open-san-francisco-office-hires-head-of-vc-funds-135510\">Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Staff&nbsp;|&nbsp;September 10, 2019 The&nbsp;Canada Pension Plan Investment Board is&nbsp;opening an office in&nbsp;San Francisco. The&nbsp;new location is the CPPIB\u2019s second U.S. office, after New York City, and&nbsp;its ninth worldwide. \u201cOne of the pillars of our&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16698"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=16698"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16698\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=16698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=16698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=16698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}