Canadian Pensions Scrap $3 Billion Stake Sales on Valuations

Article content (Bloomberg) — Two Canadian pension funds have shelved efforts to sell private equity fund stakes after valuations missed expectations, according to people familiar with the matter. Article content Canada Pension Plan Investment Board has halted a process it began earlier this year to sell fund stakes anticipated to be worth about $1.5 billion, the people said, asking not to be identified because the matter is private. Additionally, Caisse de Depot et Placement du Quebec suspended an undertaking it started in February to sell an estimated $1.5 billion of Chinese private equity a…