A sustainability investments classification platform co-founded by the British Columbia Investment Management Corp. is being acquired by Net Purpose.
The financial details of the transaction weren’t disclosed. Through this deal, Net Purpose will bring SDI AOP methodology, data processing and customer functions in house. It will also launch enhanced sustainable development goal classifications.
“As a founding member, [the] BCI has helped support the development of a global standard related to sustainable development investments,” said Jennifer Coulson, senior managing director and global head of environmental, social and governance at the BCI, in a press release. “Combining forces with Net Purpose allows us to scale these efforts, and we look forward to continuing as part of the Net Purpose Board to maintain the quality and integrity investors depend on.”
Innocap Investment Management Inc., an accounting platform backed by the Caisse de dépôt et placement du Québec, has secured a strategic growth investment from Bain Capital Tech Opportunities.
The platform also reported more than US$100 billion in assets from serving institutional investors’ pursuit of alternative investments. The financial terms of the deal weren’t disclosed.
“[The] Caisse is proud to be a long-standing shareholder of this Montreal-based company and remains committed to supporting Innocap’s strategic evolution alongside world-class partners, while continuing to deliver enduring value for our depositors,” said Kim Thomassin, executive vice-president and head of Quebec at the investment organization, in a statement.
The University Pension Plan is creating a strategic partnership with U.S. industrial real estate specialist WPT Capital Advisors. The partnership will create a joint venture designed to pursue a disciplined investment strategy that matches the UPP’s long-term risk and return objectives.
The financial details of the strategy weren’t disclosed; however, the resulting joint venture will pursue warehouse and logistics properties across major U.S. supply-chain and distribution hubs.
“This partnership builds [the] UPP’s portfolio in warehouse and logistics assets, reflecting our commitment to strategic partnerships that can generate resilient, long-term benefits for our members,” said Peter Martin Larsen, senior managing director and head of private markets at the UPP, in a press release.