The collapse of Celsius continues to ripple throughout the world of finance.
Canada’s second-biggest pension and insurance fund the Caisse de Dépôt invested $150 million into Celsius nine months before its Chapter 11 bankruptcy. Now, the fund may be left empty-handed.
The Caisse de Dépôt—which registered net assets of $419.8 billion at the end of 2021—was one of two lead investors alongside venture capital firm WestCap in Celsius’ $400 million Series B funding round back in October 2021, a raise that saw the crypto lender top a $3 billion valuation.
“This is something that we take very seriously and we will provide further comment at the appropriate moment. Celsius is currently engaged in a complex process that will take time to resolve,” a spokesperson from the Caisse told Bloomberg in July.
The pension fund is expected to give its mid-year report, outlining…