A global financial services and management platform firm backed by the Caisse de dépôt et placement du Québec and the Canada Pension Plan Investment Board is reporting US$2 trillion in assets on its platform. FNZ is partnered with more than 650 financial institutions and serves around 12,000 wealth management firms. The value of assets in […]
The Public Sector Pension Investment Board, along with partner Investcorp, is investing in accounting firm PKF O’Connor Davies LLP. According to a press release, the new investment will give the firm more flexibility to pursue mergers and acquisitions as well as invest in new technology and service lines. The financial details of the transaction weren’t […]
The Alberta Investment Management Corp. is part of a joint venture acquiring a portfolio of U.K.-based residential apartment assets under construction. In a deal reached with Angelo, Gordon and Co., the joint venture, which also includes Ridgeback Capital Management, will secure five under-construction apartment complex properties. The portfolio includes properties in Birmingham, Cardiff and Sheffield, […]
The Caisse de dépôt et placement du Québec’s venture capital hub is partnering with seven venture capital funds representing $8.6 billion in assets under management. Espace CDPQ, which targets innovative businesses in the credit sector, will partner with five Canadian firms — Accelia Capital, Amplify Capital, BKR Capital, Fonds Ecofuel and Framework Venture Partners — […]
While blockchain-based decentralized finance technology has a lot to offer institutional investors, taking full advantage of these tools will require significant technological and regulatory hurdles to be overcome, says Andreas Park, professor of finance at the Rotman School of Management. “There’s lots of cool things you can do in the DeFi space. There’re genuinely new […]
Shares in a Canada Pension Plan Investment Board-backed financial technology company have rebounded following a disastrous first week on the Bombay Stock Exchange. In the four days that followed One97 Communication Ltd.’s Nov. 18 debut, its stock price dropped by more than 37 per cent. By Nov. 29, following the release of a third quarter report […]
Small-balance credit—a subset of alternative credit gaining traction in the United States as fintech makes modest consumer and business loans more investable—could be a yield generator for institutional investors. In addition, this type of credit could be a solid diversification tool, says Colin Kilgour, principal at Kilgour Williams Capital in Toronto. His firm runs the […]
ComplyAdvantage, a technology company focused on detecting and preventing financial crime, is closing a US$50 million series C round of funding that was led by the Ontario Teachers’ Pension Plan. The Ontario Teachers’ is investing through its Teachers’ Innovation Platform, which makes late-stage venture and growth equity investments in companies that use disruptive technology. The […]
In the current low-yield environment, many pension funds are looking for alternatives to fixed income to earn the returns required to pay pension obligations. The answer for some may be private credit. “We like private credit because we see a lot of excess yield compared to the same risk and return that you can achieve […]
While technological change is accelerating at a rapid rate, the financial system isn’t keeping pace, says Campbell Harvey, professor of finance at Duke University’s Fuqua School of Business. Traditional systems make it difficult for those trying to raise capital or invest. Yet new technology is coming to market that can resolve many barriers and dramatically […]