Canada Pension Plan Investment Board has committed $50 million of equity to MerchCap Solutions, a KKR and Stone Point Capital portfolio company. The latter two PE firms, KKR and Stone Point, invested $300 million to form the company in August 2012. Based in New York, MerchCap provides principal and agency-based capital markets services to sponsor-backed and corporate mid-market companies as well as principal investments to support its client needs. CCPIB has earmarked up to $2 billion of capital for direct investment at its discretion in middle-market debt transactions and other opportunities arranged for MerchCap clients. The firm committed the $50 million through its CPPIB Credit Investments subsidiary.