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.
Asset is reportedly due to come to market in 2021, with the sale process most likely starting in H1
Redalpine has led a series-A funding round for Germany-headquartered pet healthcare startup Felmo.
GP intends to boost the company's growth and consolidate its market position in the Benelux and DACH regions
GP is deploying equity via WMS III and is investing with future managing director Holger Schmitz