Mark Machin has partnered with Silicon Valley entrepreneur Joe Lonsdale to form the platform. Read more.
Opto Investments, the newly launched venture led by Machin and Lonsdale, has raised US$145 million in a Series A funding round, which pegged Opto’s value at around US$475 million at the time of the fundraising, according to a source with knowledge of the platform. The funding round was led by Tiger Global, with participation from 8VC, where Lonsdale is managing partner, Michael Dell’s MSD Capital, and other investors including Clocktower Ventures, FinVC, and HOF Capital.
“We stayed in touch over the years,” Machin said of Lonsdale, who was also a co-founder of Palantir Technologies Inc., a sometimes-controversial data-mining software company. Machin, a British citizen, became chief executive of CPPIB in 2016 after a career that included two decades with Goldman Sachs Group Inc., and several years in Asia. He was with Canada’s largest pension for about four years, serving initially as senior managing director and head of international from a base in Hong Kong, before rising to the top job.
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