The British Columbia Investment Management Corp. is acquiring a significant minority stake in Waterlogic, a company that designs, manufactures, distributes and services purified drinking water dispensers. The investment is providing Waterlogic with capital to support growth and become a leader in bottleless workplace hydration. “We are pleased to be working alongside a talented management team […]
In the investment space, readers were focused on the moves of the big public pension funds and real estate investment in 2019, with the top three most-read stories tackling those topics. Benefits Canada rounds up the industry’s favourite investment stories of the year: 1. Canadian DB plans return median 1.7 per cent in Q3 2. Hugh O’Reilly stepping down from OPTrust 3. OPTrust partners […]
As private equity becomes a more sizeable part of Canadian pension portfolios, the British Columbia Investment Management Corp.’s resources and staffing are growing with it. In April 2016, when Jim Pittman joined the BCI as its senior vice-president of private equity, his group comprised six or seven people. Three and a half years later, the […]
The B.C. agency responsible for managing public-sector pension plan investments is constitutionally immune from remitting goods-and-services taxes related to those portfolios, the Supreme Court of Canada has decided. However, the top court ruled Friday the British Columbia Investment Management Corporation, a Crown agency, still might be on the hook for GST payments to the federal […]
A new Canadian core real estate fund has attracted more than $1.25 billion in equity commitments in its first subscription tranche, materially exceeding targets. RBC Global Asset Management’s Canadian core real estate fund was announced in March 2019, along with the British Columbia Investment Management Corp. and QuadReal Property Group. The fund brings together more […]
The British Columbia Investment Management Corp., the Caisse de dépôt et placement du Québec and the Ontario Teachers’ Pension Plan are among 42 global firms acting to implement ideas to increase diversity and inclusion in investment management. This commitment to action is part of the CFA Institute’s Experimental Partners Program, which was inspired by a […]
The British Columbia Investment Management Corp. posted a combined net return of 6.1 per cent for its fiscal year, which ended March 31, 2019. Adding $2 billion in value, the organization increased its assets under management to $153.4 billion and beat its combined market benchmark, which returned 4.5 per cent. Private assets drove the outperformance, with income generation and […]
The Canada Pension Plan Investment Board, along with investment firm EQT Partners, is acquiring a majority stake in Waystar Inc. from Bain Capital valued at $2.7 billion. Bain Capital will retain a minority interest in Waystar, which provides revenue cycle management software for health-care operations from large hospitals to individual physician offices. The technology, which streamlines […]
The British Columbia Investment Management Corp., alongside ATL Partners, are acquiring Valence Surface Technologies Inc., a Houston-based aerospace surface finishing platform. The company has eight facilities in the U.S. and provides treatments like plating, painting and spray coating aerospace and defence assets that need complex finishing to meet engineering specifications, including for Airbus, Boeing Co., Lockheed Martin Corp. and Space Exploration […]
The British Columbia Investment Management Corp., together with private equity firm Preservation Capital Partners, is investing in BMS Group Ltd., the U.K.-based brokerage arm of Minova Insurance Holdings Ltd. While the exact terms of the investment weren’t disclosed, the deal values BMS Group at £500 million, subject to regulatory approvals. “As an investor of patient capital, we seek […]