There’s a record amount of dry powder sitting in the distressed private capital space, according to new data from Preqin. Between distressed debt, special situations and turnaround strategies, total dry powder in the distressed private capital arena sits at an estimated US$131 billion as of June 2020, an all-time record. Of note, the distressed private […]
A consortium of investors, including the Caisse de dépôt et placement du Québec, private-equity firm TPG Capital and investment company Fosun International Ltd., is partnering with Investissement Québec to submit a proposal to acquire substantially all of the assets of Cirque du Soleil Entertainment Group, which has filed for bankruptcy protection. The deal is pending […]
The Caisse de dépôt et placement du Québec is investing $8.7 million in Canadian architecture and design firm Lemay in the form of a loan. The financing aims to support the firm’s growth plan and its technology-based innovation efforts, specifically in the field of sustainable design. Read: Caisse, CPPIB building on investment in engineering firm “With […]
The Caisse de dépôt et placement du Québec is providing a loan to LCI Education, a Quebec-based network of higher education institutions. The financing aims to help the LCI accelerate its online education initiatives and pursue its international expansion. Further, it aims to support its family business succession process. “LCI Education was a forerunner in […]
In recent years, investing with a gender lens has become far more popular among institutional investors. “Part of it is awareness and part of it is some of the performance,” said Jackie VanderBrug, managing director and head of sustainable and impact investment strategy at Bank of America Corp., during a webinar hosted by the Forum for […]
With crude oil futures contracts crashing through the floor into negative territory at the beginning of the week, what opportunities are opening up for institutional investors? Panic set in on commodity trading floors on Monday because physical storage options for oil were filling up fast, with much less demand for petrol from consumers due to […]
In the current market environment, liquidity is top of mind for pension plans, says Jason Campbell, principal at Eckler Ltd. For example, despite a company’s potential work stoppages, it’s still responsible for benefit payments, as well as paying capital calls on investments as they come due. Some firms in the private markets space are trying […]
As public capital markets roil in the turbulence caused by the coronavirus pandemic, private markets aren’t immune from challenges, said a recent report from PitchBook Data Inc. “As we enter into the most significant market drawdown and economic shock we’ve seen since the financial crisis, PE is equipped to help alleviate pressures, but it will […]
The Caisse de dépôt et placement du Québec is closing a $125 million financing deal with Canadian credit union, Meridian. The investment takes the form of subordinated private debt, with the capital aimed at helping Meridian continue its growth and the diversification of its products and services. Today, Meridian offers both commercial and personal loans, […]
The Canada Pension Plan Investment Board is committing US$225 million to the India Resurgence Fund platform, through its wholly owned subsidiary CPPIB Credit Investments Inc. The IndiaRF is a distressed-assets buyout platform, jointly sponsored by Piramal Enterprises Ltd. and Bain Capital Credit. It seeks to buy distressed assets by purchasing existing debt and equity securities, either through bankruptcy courts, directly from […]