A global financial services and management platform firm backed by the Caisse de dépôt et placement du Québec and the Canada Pension Plan Investment Board is reporting US$2 trillion in assets on its platform.
FNZ is partnered with more than 650 financial institutions and serves around 12,000 wealth management firms. The value of assets in the platform increased by more than 400 per cent during the last five years, according to a press release.
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The British Columbia Investment Management Corp. is backing a consolidating transaction creating a new timberland platform firm in Brazil.
A US$700 million investment is being structured by Klabin S.A., a producer and exporter of packaging paper, alongside the BTG Pactual Timberland Investment Group, with the intention to expand an operating presence in the state of Paraná.
“This transaction reflects the opportunity we see in high-quality, sustainably managed timberland assets,” said Lincoln Webb, executive vice-president and global head of infrastructure and renewable resources at the BCI, in a press release.
“Working alongside experienced partners such as TIG and Klabin supports our objective of delivering long-term, risk-adjusted returns for our clients.”