The British Columbia Investment Management Corp. is part of an investing group backing a new financial operator from Centerbridge Partners and Wells Fargo & Co. The new entity, Overland Advisors, will oversee the creation of senior secured loans for middle-market companies. The BCI is part of a $2 billion initial equity commitment. “Direct lending provides […]
The Caisse de dépôt et placement du Québec is increasing its exposure to fintech opportunities. The investment organization was among investors in a $71 million funding round from venture capital firm Luge Capital that was dedicated to fintech startups. The new fund, which will focus on Canadian and U.S. companies, will also include vertical fintech […]
The Canada Pension Plan Investment Board is appointing Manroop Jhooty as senior managing director and head of total fund management, effective immediately. In the new role, he’ll be responsible for the total fund management department where he’ll lead the balancing and financing portfolio, which is invested in global public securities, as well as balance sheet management, […]
The Canada Pension Plan Investment Board is extending its investment in Northleaf Capital Partners through an additional $200 million commitment. Private equity investment firm Northleaf manages $2.4 billion in private equity investments for the CPPIB with strategic allocations of capital into small- and medium-sized market Canadian buyout and growth funds. “Through this Canadian private equity […]
In the pursuit of long-term portfolio construction solutions, institutional investors are increasingly turning their attention to the private debt asset class, says David Sum, director of the alternative income group at Ninepoint Partners. “Looking ahead, we believe the current high interest rate environment and liquidity constraints from banks and the syndicated market creates a favourable […]
The world’s largest 300 pension funds saw their assets decrease by 12.9 per cent to US$20.6 trillion in 2022, down from $23.6 trillion at the end of 2021, according to a new report by WTW. The report, which analyzed global pension fund assets across 22 major pension markets, found the largest 300 pension funds now represent […]
The Alberta Investment Management Corp. is opening its first Asian office, but the Edmonton-based investment organization says it will steer well clear of China to focus instead on markets with less geopolitical risk. The official opening of the AIMCo’s new Singapore office marks the first foray into the Asia-Pacific region for one of Canada’s largest institutional investors, with $158 billion of assets under management as of 2022. Evan Siddall, chief executive officer of the AIMCo, […]
An article announcing the finalists in Benefits Canada‘s 2023 Workplace Benefits Awards was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Who are the finalists of the 2023 Workplace Benefits Awards? 2. How employers can help prevent post-vacation burnout 3. AI tools helping insurers manage plan costs by […]
The Canada Pension Plan Investment Board has laid off at least five investment professionals at its Hong Kong office as it steps back from deals in China, according to a report by Reuters. Most of the employees were on the fund’s private equity team and were informed early last month, said the report, citing three […]
The Canada Pension Plan Investment Board is investing US$30 million in reforestation efforts in Brazil’s Amazon region through a private venture partnership. The Amazon Reforestation Fund, managed by Mombak Gestora de Recursos, will also receive an equity transfer of US$500,000 from the CPPIB. It’s the first time the CPPIB is investing in Brazilian reforestation. In […]