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Relationship Investments

RI makes cornerstone minority equity investments in listed and soon-to-be listed companies. The team establishes alignment with management teams and boards of directors to support long term value creation, and often requests governance rights. The catalysts for investment include:

  • Transformative growth opportunities (whether organic or via M&A);
  • Material shareholder transitions; and
  • Significant capital events (particularly IPOs, pre-IPO funding rounds and recapitalizations)

Our Team

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Toronto
London

RI has a geographic focus on North American and Europe, with offices in Toronto and London.

The RI team is comprised of experienced professionals with offices in Toronto, London and São Paulo. Here is a listing of all our senior team members, categorized and searchable by city.

The RI team is comprised of experienced professionals with offices in Toronto, London and São Paulo. Here is a listing of all our senior team members, categorized and searchable by city.

Michael Koen

Managing Director, Head of Relationship Investments

Mike is responsible for leading CPP Investments’ Relationship Investments (RI) program.

Mike joined CPP Investments in 2009, focusing on significant minority equity investments in public and soon-to-be-public companies globally.

He has more than 20 years of experience in direct investing and investment banking. Prior to CPP Investments, Mike worked in TD Bank’s merchant banking group, where he focused on mezzanine debt and structured equity investments and at Scotiabank in the Institutional Equities and Investment Banking groups.

Mike holds a BA (Hons) from Queen’s University in Kingston, Ont., and an MBA (High Honours) from the University of Chicago Booth School of Business.

He currently serves as the Lead Independent Director of Advanced Disposal Services Inc.

sean Cheah

Sean Cheah

Senior Principal, Relationship Investments

Sean leads the group’s industry coverage of the Consumer and Media & Telecom sectors in North America. He joined CPP Investments in the Relationship Investments group in 2010.

Prior to joining CPP Investments, Sean worked in the Investment Banking departments of TD Securities and Genuity Capital Markets (now Canaccord Genuity).

Sean holds a B. Comm from Queen’s University in Kingston, Ont., and is a CFA Charterholder.

He currently serves on the Board of Premium Brands Holdings, a leading producer of specialty food products in North America.

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Wendy Franks

Senior Principal, Relationship Investments

Wendy leads the group’s industry coverage of the Financials and Utilities, Renewables & Clean Technology sectors in North America.

Prior to joining CPP Investments in 2012, Wendy was an Associate Principal at McKinsey & Co., where she had a leadership role in the Risk Practice and the Corporate and Investment Banking Practice.

Wendy holds a BSc in Chemical Engineering and an MSc in Electrical Engineering from the University of Waterloo and a PhD in Bioelectronics from the Swiss Federal Institute of Technology.

She serves on the board of ReNew Power Ltd., a private renewable power company in India.

2.2.5 Relationship Investments Our Team Kevin Godwin

Kevin Godwin

Senior Principal, Relationship Investments

Kevin leads the group’s industry coverage of the Industrials, Technology and Energy sectors in North America.

Prior to joining CPP Investments in 2008, Kevin worked on Private Equity transactions for eleven years at Birch Hill Equity Partners and TD Capital Group. He started his financial career in the Investment Banking division of TD Securities in Toronto.

Kevin holds a BSc in Engineering from Queen’s University in Kingston, Ont., an MBA from the Ivey Business School at Western University, and was granted an ICD.D from the Institute of Corporate Directors.

He currently serves on the board of Velvet Energy, a private Canadian Oil & Gas company.

Moritz Krautkrämer

Senior Principal, Relationship Investments

Moritz leads the group’s industry coverage of the Healthcare and Business Services sectors in North America.

Prior to joining CPP Investments in 2010, Moritz worked in the Communication, Media and Technology Investment Banking group at Scotiabank.

Moritz holds a BComm from the Sauder School of Business at the University of British Columbia and is a Leslie Wong Fellow of the UBC Portfolio Management Foundation.

He currently serves on the board of ORPEA S.A., a leading global provider of long-term care.

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Nathan Townsend

Senior Principal, Relationship Investments

Nathan focuses on overall European coverage as well as leading the group’s industry coverage of the Industrial, Specialty Chemicals & Materials, and Infrastructure sectors in the region.

Before joining CPP Investments in 2014, Nathan spent six years in public markets investing with Lincoln Vale European Partners and Sterling Strategic Value. Prior to that, he was an IPP Fellow working in the Parliament of Germany. Nathan began his career in Morgan Stanley’s Investment Banking division in New York, Hong Kong, and Frankfurt.

Nathan holds a BSFS from the School of Foreign Service at Georgetown University and an MPP from the Kennedy School of Government at Harvard University.

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Joy Verlé

Senior Principal, Relationship Investments

Joy leads the group’s industry coverage of the Healthcare and Business Services sectors in Europe.

Prior to joining CPP Investments in 2016, Joy was a Partner at Bregal Capital in London, where she worked on Private Equity transactions in Europe for nine years. She started her career in the Investment Banking division of Morgan Stanley in London.

Joy holds an MSc in Finance from HEC Paris.

She currently serves on the boards of ORPEA S.A., a leading global provider of long-term care and ELIS S.A., a global leader in the industrial laundry, textile rental and hygiene industry.

Our Active Equity Holdings

We are invested globally in public and soon to be public companies, as well as securities focused on long-horizon structural changes.

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