CPP Investments Pushes Back on Co‑Investment Fees as Retail Money Reshapes Private Equity—And Why Canadians Debating CPP at 60 Should Care
SEO meta description: Canada’s CPP Investments is signaling it may walk away from private equity managers that charge fees on co‑investments, as retail capital squeezes traditional LP perks. Here’s what’s changing in private markets—and what it means for Canadians weighing when to start CPP benefits. TORONTO / NEW YORK — December 12, 2025 — A once-quiet perk of the private equity world is turning into a front‑page dispute: who gets access to co‑investments, and at what cost. For decades, large pensions and endowments were often offered fee‑free co‑investment opportunities—the chance to invest directly alongside a buyout fund in a specific
