Canada Pension Plan welcomes ex-Doughty head
Mark Corbidge, the former co-head of private equity at Doughty Hanson, is understood to have joined the Canada Pension Plan Investment Board (CPPIB).
According to Corbidge's LinkedIn profile, he joined the LP last month as a senior principal. He left Doughty Hanson in September 2012, after a promotion to co-head of private equity in 2009. He had joined Doughty in 2004.
Prior to leaving the company, he led Doughty's sale of activated carbon specialist Norit to US trade player Cabot Corporation for $1.1bn.
The GP underwent a management reshuffle just after the deal, when it announced a new GP structure, including limited liability partnerships, following the death of co-founder and majority shareholder Nigel Doughty in February this year.
Established in 1997, CPPIB is a major investor in private equity. The LP has committed to private equity funds in the US and Canada, Europe, Asia and emerging markets. In 2008, CPPIB committed to Hellman & Friedman's seventh and largest fund, HFCP VII, which closed on a little less than $8.8bn, according to unquote" data. CPPIB also invests directly.
CPPIB could not yet be reached for comment.
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