CDPQ acquires stake in Hilco Global, will invest in special situations

Caisse de dépôt et placement du Québec (CDPQ) has acquired a 27 percent stake in Hilco Trading LLC (Hilco Global), a Northbrook, Illinois-based financial services firm. Terms weren't disclosed for the deal, which initiates a long-term partnership between the two organizations. It will see CDPQ target annual investments of about US$150 million, alongside Hilco Global, in distressed assets and other special situations. CDPQ Vice President and Head of Private Equity Stéphane Etroy said the Canadian pension system's long-term strategy aligns with Hilco Global's role in transitioning "existing and often undervalued assets into profitable use."

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