The British Columbia Investment Management Corp. is teaming up with RBC Global Asset Management Inc. and QuadReal Property Group on a project involving $7 billion worth of commercial real estate. The venture will bring together more than 40 of the BCI’s existing Canadian real estate assets in one portfolio. The BCI and the newly minted RBC Canadian […]
The Healthcare of Ontario Pension Plan grew its assets to $79 billion in 2018, up from $77.8 billion at the end of 2017. However, the plan’s funded status fell slightly to 121 per cent, down from 122 per cent the previous year. It eked out a positive 2.17 per cent return in 2018, beating its benchmark, which returned […]
The Caisse de dépôt et placement du Québec, along with Altas Partners, is selling Capital Vision Services. West Street Capital Partners VII, a fund managed by Goldman Sachs’ merchant banking division, will be taking on the U.S. company, which provides management services for MyEyeDr.’s optometry practices. Read: AIMCo investing in Alberta pipeline, Caisse taking on shares in mining company “CVS […]
The OPSEU Pension Trust is partnering with several investment firms to buy three buildings in the downtown Toronto financial district. The properties are anchored to the Dynamic Funds Tower, the OPTrust’s current corporate headquarters. The other investors include the Great-West Life Real Estate Fund, the London Life Real Estate Fund and I.G. Investment Management Ltd. […]
In 2018, investment in Canadian real estate turned out to be a broadly lucrative venture for the country’s institutional investors, especially when compared with how poorly equities performed during the year, according to Simon Fairchild, executive director at MSCI Inc. Speaking at an event in Toronto on Friday, Fairchild described how MSCI’s Realpac Canada property index […]
Institutional plan sponsors lost a median of 3.8 per cent in 2018, as losses in the fourth quarter of the year dragged down returns, according to new data by Northern Trust Corp. The Northern Trust Universe, which tracks the performance of about 300 large U.S. institutional investment plans with a combined asset value of about $925.7 billion, found […]
The Public Sector Pension Investment Board is investing in Alliant Insurance Services Inc., a U.S.-based independent insurance broker. The new cash infusion will aid in the insurance broker’s planned expansion. Along with the PSP, funds managed by private equity firm Stone Point Capital will make additional investments. Read: PSP takes majority stake in Australian farm business “Alliant is […]
The Caisse de dépôt et placement du Québec will make additional investments in Metro Supply Chain Group Inc., a Canadian third-party logistics services provider. The pension fund initially invested in the company in April 2018 when it began acquiring logistical and distribution companies linked to the e-commerce sector. “We are pleased to continue and strengthen […]
The Caisse de dépôt et placement du Québec, alongside equity firm Georgian Partners, is investing $45 million in Montreal-based technology startup TrackTik Software Inc. TrackTik, which provides cloud-based management software to security service companies, will use the financing to develop new products in artificial intelligence and machine learning technologies, with the aim of simplifying operations and maximizing profitability for […]
The Ontario Municipal Employees Retirement System’s real estate arm is investing $3.3 billion to acquire a portfolio of 19 office buildings across Australia. Oxford Properties Group and Investa Property Group, the Australian company that currently owns the properties, will jointly manage the office portfolio. “Oxford invests for the long term in global gateway cities with a […]