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Canada’s Pensions Become Buyout Kings Taking on KKR to Carlyle

Mark Wiseman, the chief executive officer of Canada Pension Plan Investment Board, walked into the high-end New York department store Bergdorf Goodman in the mid-1990s looking for a suit. He left empty-handed.

“I couldn’t afford anything there -- I probably still can’t,” said Wiseman, sitting in the C$192.8 billion ($183 billion) fund’s headquarters in Toronto last month. “Is that where I shop? No, thanks. But there are a lot of people who do.”