Acasta Enterprises Inc. has tapped Erik Levy to serve as managing partner to support the company’s new initiatives and corporate development.

Acasta, a Canadian company that acquires businesses and serves as a private equity fund manager, said that Levy will join Anthony Melman and Michael Liebrock as a founding partner for Acasta’s private equity business.

Levy, who recently served as senior principal and founding member of Direct Private Equity at Canada Pension Plan Investment Board (CPPIB) is also a former member of the CPPIB's Investment Partnerships and Private Debt Investment committees.

Levy also served as a director of Skype Technologies, Acelity, Suddenlink Communications, Informatica Corp. and Altice USA. He also held positions at Bain & Co. in Toronto and Paris.

“We are delighted to welcome Erick Acasta,” Acasta CEO Anthony Melman said in an announcement. “He brings a wealth of successful private equity investing and value creation experience from over 11 years at CPPIB. His arrival will be of enormous value as we pursue several strategic and proprietary private equity investment initiatives across our business."

Levy is a graduate of the Rotman School of Management at the University of Toronto where he earned his MBA, and he holds a B.S. in actuarial mathematics from Concordia University.