In the fourth of Unquote's Lockdown series, Delaney Brown, managing director and head of PE funds at Canada Pension Plan Investment Board (CPPIB), discusses improved GP/LP relations since lockdown began and how there are no plans to scale back on direct or co-investments
CPPIB takes a long-term view in private equity and has the ongoing belief in patient capital to deliver strong risk adjusted returns over cycles, says Brown, adding that, of its C$95bn asset base in private equity, 50% is made up of direct investments in Asia, Europe and North America.
Brown also discusses the recent €400m injection into HotelBeds due to short-term liquidity constraints caused by a drop in demand and cessation of travel, as well as finding new areas to invest in, such as venture.
Also participating in the round were angel investors including the founders of Just Spices
Stake owned by EQT is transferred from EQT VII to its successor funds EQT VIII and EQT IX
Miya is a portfolio company of Bridgepoint Europe VI, a €5.7bn fund that invests in companies with EV of €200m-1bn
Mid-cap buyout-focused fund-of-funds closed on €162m and has made 14 of its 20 planned investments