Canada Pension Plan Investment Board (CPP Investments) has entered into an agreement to sell its remaining interests in its European nonperforming loan (NPL) portfolio to a newly formed joint venture vehicle established between funds managed by affiliates of Arrow Global Group and funds managed by affiliates of Fortress Investment Group.
“Following a comprehensive review of the portfolio and its long-term outlook, we have taken the decision to exit this investment and transition the remaining assets to specialized operators with deep local servicing capabilities,” said Ben Mason, managing director, head of European Credit at CPP Investments. “This transaction reflects a disciplined approach to portfolio management and allows us to redeploy resources toward opportunities where we see stronger risk-adjusted returns.”
Both Fortress and Arrow bring significant experience in managing and servicing complex credit portfolios across Europe. The partnership structure is
