alternative lending – Benefits Canada.com

Ontario Teachers’ gains minority stake in new alternative lender, UPP backs U.K. locomotive operator

bmcgovern — Mon, 01 Apr 2024 19:00:47 +0000

The Ontario Teachers’ Pension Plan is gaining a minority stake in a new financial entity resulting from a merger between Fairstone Bank of Canada and Home Trust Company. The new group will have a national branch and broker network to offer residential and commercial mortgages, personal loans, credit cards, retail financing, auto financing, digital lending […]

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Rise in private credit demand will push institutional investors to provide increased disclosure: expert

bmcgovern — Tue, 12 Mar 2024 15:00:42 +0000

While the growing demand for private credit will require additional disclosure by institutional investors, it’s yet to be seen whether it will resemble similar restrictions placed on traditional lenders such as banks, says Shane Terrillon, an investment consultant at Aon. “Private credit being able to step in and help diversify financing solutions more broadly is […]

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U.S.-China business relationship, private credit shaping investments in 2024: IMCO

bmcgovern — Tue, 06 Feb 2024 14:00:25 +0000

The Investment Management Corp. of Ontario believes an increasingly icy dynamic between the U.S. and China could lead to heightened volatility for institutional investors this year, says Nick Chamie, the IMCO’s chief strategist and senior managing director of total portfolio and capital markets. “If we’re no longer zeroing in on maximizing economic efficiency, we’re no longer […]

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Four Canadian pension funds increasing exposure to private credit: report

bmcgovern — Mon, 29 Jan 2024 20:00:15 +0000

As banks continue to pull back on lending, the Canada Pension Plan Investment Board, the Ontario Teachers’ Pension Plan, the Ontario Municipal Employees’ Retirement System and the OPSEU Pension Trust are increasing their exposure to private credit, according to reporting by Reuters. The CPPIB, which manages $576 billion, said it will double its overall credit […]

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CPPIB, OMERS selling Chicago toll road stakes; Caisse backing renewable energy credit lender

Gideon Scanlon — Thu, 15 Sep 2022 15:30:23 +0000

The Canada Pension Plan Investment Board and the Ontario Municipal Employees’ Retirement System are selling their respective interests in a Chicago toll road. The investment organizations, which each hold 33.3 per cent stakes in the Skyway Concession Co., are selling their interests to Atlas Arteria Ltd., an Australian toll road investor. SCC manages, operates and […]

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Ontario Teachers’ acquiring reverse mortgage lender, OMERS financing EV battery manufacturer

Gideon Scanlon — Tue, 05 Jul 2022 16:45:38 +0000

The Ontario Teachers’ Pension Plan is acquiring the parent company of a Canadian reverse mortgage provider. The pension fund is buying HomeQ Corp., which owns the HomeEquity Bank, from Birch Hill Equity Partners Management Inc. and several minor shareholders. While the financial details of the acquisition weren’t disclosed, a press release noted it’s part of the […]

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The role of strategic credit in mature DB pension plans

mschmit — Wed, 28 Oct 2020 04:36:53 +0000

The pension industry is at a turning point, with the asset value of defined contribution plans growing, while defined benefit plans are shrinking. “In a decade’s time, you will have a situation where DC will be almost $50 trillion in size, but DB will be $10 trillion in size and there will be big changes […]

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