CDPQ invested in Hyperion Insurance Group.

Caisse de dépôt et placement du Québec, a long-term institutional investor managing funds primarily for public and parapublic pension and insurance plans, invested in Hyperion Insurance Group, a specialty and retail insurance brokerage firm. CDPQ will invest more than $400m to obtain a 25% stake. CDPQ will join Hyperion as a long-term growth partner alongside General Atlantic. David Howden, CEO of Hyperion, commented: “CDPQ is a fantastic partner to support us on the next leg of our journey. Their strategy to invest based on long term fundamentals combined with their deep understanding of insurance markets and significant international portfolio, mean they will deliver valuable insight to help direct our future plans, whilst remaining supportive of our independence and of our resolute focus on putting our clients at the centre of everything we do.”