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.
Fund invests in renewable chemistry, regenerative medicine and agri-food across the Netherlands, Belgium and parts of Germany
Company will operate with the GP's existing test and measurement companies in the US and Denmark
Numerous Italian GPs with a generalist approach have reshaped their activity towards the tech sector
GP plans to merge Atlantic with portfolio company Maced, in which it acquired a majority stake last year