QuadReal Property Group, the real estate investment arm of the British Columbia Investment Management Corp., is launching a green bond framework. The framework is for financing sustainable investment projects through BCI QuadReal Realty, which is the primary issuing entity of unsecured notes for the BCI’s real estate program Under the framework, net green bond proceeds […]
Canada’s 11 largest pension funds should be able to maintain their current credit ratings through ongoing market turmoil, according to Fitch Ratings Inc. Nevertheless, return expectations are under significant pressure from the economic fallout of the coronavirus pandemic, said the ratings agency in a new report. “Fund performance will depend on asset mix, which is largely […]
The British Columbia Investment Management Corp. is touting its 2019 environmental, social and governance successes in its annual ESG report. Some highlights from the year include that it finalized the introduction of a new corporate-wide ESG strategy including priorities and procedures for ESG reviews across all asset classes. As part of the strategy, the BCI’s […]
The British Columbia Investment Management Corp. is touting its 2019 environmental, social and governance successes in its annual ESG report. Some highlights from the year include that it finalized the introduction of a new corporate-wide ESG strategy including priorities and procedures for ESG reviews across all asset classes. As part of the strategy, the BCI’s […]
Searchlight Capital Partners, along with several Canadian pension investors, is acquiring the U.S. Northwest operations and assets of internet and telephone services provider Frontier Communications, forming a new company called Ziply Fiber. First announced in May 2019, Searchlight Capital has now completed the acquisition along with the British Columbia Investment Management Corp., the Canada Pension Plan Investment […]
OMERS Ventures, the venture capital arm of the Ontario Municipal Employees Retirement System, has closed a US$750 million venture capital fund. The transatlantic fund is investing in companies related to financial systems, insurance, property, logistics, health and workplace technology in Canada, the U.S., the U.K., and other countries in Europe, raising series-A to series-C financing. […]
With the coronavirus pandemic causing pain for employers and employees across the country, many organizations want to help out those in need. But can pension funds go as far as making financial donations to charities? Last week, the Caisse de dépôt et placement du Québec announced it’s donating $300,000 to five organizations for coronavirus relief, […]
With a world in turmoil, some of Canada’s public pension plans and investment managers are considering how they can use their economic clout to help. The British Columbia Investment Management Corp. realized there was a responsibility in its staff working from home because of the coronavirus. Normally, staff are encouraged each year to take a day of […]
The British Columbia Investment Management Corp. is making a credit agreement with Knightsbridge Capital Group, an asset-based lender in Vancouver. “As BCI builds out our direct lending business for our clients, we value working with successful local businesses such as Knightsbridge Capital Group,” said Chris Beauchemin, vice-president of fixed income and foreign exchange at BCI. […]
The British Columbia Investment Management Corp. is buying a stake in U.K.-based investment analytics provider ClearMacro Ltd. The company provides analytics tools designed for asset managers and other professional investors. “BCI has, in recent years, firmly established our in-house investing capabilities across asset classes,” said Mihail Garchev, vice-president of total fund management at the BCI, in a press […]