The funds will be used for mid-market investments, with a focus on private equity and infrastructure. (Financial Post)

Talking point: Investing in infrastructure gives CPPIB and the Caisse more exposure to a space on which their rival, Ontario Teachers’ Pension Plan (OTPP), has been focusing in recent months. In August, OTPP announced a partnership with Sidewalk Labs to form a new company focused on next-generation infrastructure technology. Northleaf has in the past made relatively early investments in some of Canada’s leading tech firms, including Shopify and Top Hat. Both CPPIB and the Caisse are increasingly looking to invest in tech firms. In August, The Logic reported the Caisse was planning a fund of up to $2 billion focused on “disruptive technologies.” CPPIB already has a $1-billion VC fund in the works and, earlier this month, announced the opening of a new office in San Francisco, to be led by a Facebook veteran.