“There are 30,000 jets out there flying around right now,” said James McManus, managing director of Alliance Bernstein CarVal, during the Canadian Investment Review‘s 2023 Global Investment Conference. “That represents equipment value of about $700 billion . . . [and] around $100 billion in annual deal flows in the form of new aircraft deliveries, lease […]
“Investing in private markets comes with its fair share of challenges,” said Rémi Tétreault, director of client solutions at Trans-Canada Capital Inc., during the Canadian Investment Review’s 2023 Global Investment Conference. “There’s operational complexity, capital calls and distributions. You’ve got the selection of the right general partners . . . and there’s the challenge of […]
“If it’s in private equity or an alternative asset allocation, it’s a long-term investment strategy,” said Simon Oak, principal at Lexington Partners, during the Canadian Investment Review’s 2023 Global Investment Conference. “Typically, it’s a five-year investment period followed by five years of harvest. Only then can investors measure their returns.” This causes a problem for […]
Housing affordability will be a challenge, particularly for newcomers to Canada — pushing more of that demographic into the rental market, said Aaron Pittman, head of institutional at Equiton, during the Canadian Investment Review‘s 2023 Global Investment Conference. With 20 per cent of the Canadian workforce expected to retire over the next 10 years and a […]
The Ontario Municipal Employees’ Retirement System’s private equity arm is backing the series B investment round for a U.S. medical company specializing in surgical and cancer care. Carrum Health, a health-care platform for self-funded employers, secured US$45 million from investors during the funding round, with OMERS Growth Equity serving as the lead investor. The digital platform, which […]
A renewable energy company owned by the Investment Management Corp. of Ontario is securing a £175 million credit facility. Pulse Clean Energy, which was formerly known as Green Frog Power, will use the three-year facility to fund the expansion of its battery storage capacity in the U.K. The battery storage facilities are used to store […]
In recent years, adaptive reuse strategies — which transform an existing structure to allow it to serve a new purpose — have become popular in the real estate portfolios of Canada’s largest public sector defined benefit pension plans. Indeed, repurposing old buildings can provide stronger returns to institutional investors than ground-up developments, but only in […]
The British Columbia Investment Management Corp. is acquiring a minority stake in a corporate consultant and fund administration provider. Zedra, which provides wealth, governance and administrative services for corporations, pensions, trusts and funds, was launched in the Isle of Man in 2016. It now conducts operations in Asia, Australia, Europe, North America and South America. […]
U.S. defined benefit pension plans posted net returns of 4.47 per cent in the first quarter of 2023, according to a report from Investment Metrics plan universe. The performance was led by allocations to public equities, which generated 6.47 per cent during the quarter. Fixed income allocations also performed well, rising 2.93 per cent. Alternative […]
The Alberta Investment Management Corp. will receive a majority stake in a wholly owned subsidiary of an oil and gas development and production company in order to settle its debts. Razor Energy Corp., a petroleum producer headquartered in Calgary, has reached an agreement with the investment organization that will eliminate $63.2 million of secured debt […]