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The Ontario Teachers’ Pension Plan is acquiring a 40 per cent stake in Caruna, Finland’s largest electricity supplier. The pension will acquire a 20 per cent stake in the utility from First Sentier Investors and in a separate transaction, the Ontario Teachers’ and investment firm KKR & Co. Inc. will jointly acquire a 40 per cent holding […]

  • By: Staff
  • March 4, 2021 March 4, 2021
  • 18:59

The Investment Management Corp. of Ontario is launching its second structured pool of assets, the IMCO Global Public Equity pool, valued at $17.3 billion. Read: IMCO launching first structured pool of assets The investment manager launched its first structured pooled fund in November 2020. “In a short period of time, IMCO has made tremendous progress on our […]

  • By: Staff
  • March 2, 2021 March 2, 2021
  • 09:00
IMCO launching first structured pool of assets

The Investment Management Corp. of Ontario is launching its first structured pool of assets, worth approximately $3.5 billion. The launch of the Canadian public equity pool marks a critical stage in the continued transformation of the IMCO’s clients’ portfolios, said Bert Clark, president and chief executive officer, in a press release. Read: IMCO closes three private equity fund commitments at […]

  • By: Staff
  • November 27, 2020 January 19, 2021
  • 09:13
Canadians named to advisory board developing transparency benchmark for pensions

A new advisory board tasked with creating a benchmark for transparency throughout global pension investment systems will include two Canadian members. The board was jointly established by Top1000funds.com and CEM Benchmarking Inc. to foster more transparency in pension investments, with the aim of improving outcomes for plan members. According to a press release, the benchmark […]

  • By: Staff
  • November 25, 2020 January 19, 2021
  • 09:20
IMCO closes three private equity fund commitments at $1BN

The Investment Management Corp. of Ontario has closed three private equity fund commitments totalling $1 billion. The three funds are: Kohlberg Investors IX, which aims to make control investments in North American middle-market companies in the business services, consumer, industrial manufacturing, health care and financial services sectors: Nordic Capital X, which aims to make control investments […]

  • By: Staff
  • October 29, 2020 January 19, 2021
  • 08:45
IMCO appointing new chief operating officer

The Investment Management Corp. of Ontario is naming Tony Algar as its new chief operating officer, effective Sept. 28. Algar joins the IMCO from the Canada Pension Plan Investment Board, where he spent the past 10 years, most recently as managing director and head of investment operations. He also previously held senior risk management and […]

  • October 2, 2020 January 19, 2021
  • 10:15
IMCO invests in affordable housing, logistics, power markets

The Investment Management Corp. of Ontario is investing in an affordable housing fund to build apartments in Toronto and Vancouver. The IMCO is committing $60 million to the Kingsett Affordable Housing LP Fund, managed by Kingsett Capital Inc. The investment comes as vacancy rates in both cities continue to decline due to unaffordability and lack of […]

  • By: Staff
  • August 10, 2020 November 12, 2020
  • 15:00
Largest Canadian pensions should maintain Fitch ratings through crisis: report

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 […]

  • By: Staff
  • July 10, 2020 November 12, 2020
  • 15:00
IMCO sells stake in Spanish electricity provider

The Investment Management Corp. of Ontario has sold its interest in Spanish electricity provider Viesgo to funds managed by Macquarie Infrastructure and Real Assets. Prior the sale, the IMCO and MIRA collectively owned 60 per cent of Viesgo, while Wren House Infrastructure Management Ltd. owned the remaining 40 per cent. The initial investment in Viesgo was part of legacy client strategies […]

  • By: Staff
  • June 12, 2020 November 12, 2020
  • 08:45
IMCO adding to investment in European bandwidth infrastructure company

The Investment Management Corp. of Ontario is adding €250 million to its previous investments in euNetworks Group Ltd., a European bandwidth infrastructure company. The cash injection is set to fund the company’s further organic growth, mergers and acquisitions and general corporate purposes. The company operates deep fibre networks in 17 cities in Europe. “We seek to invest […]

  • By: Staff
  • June 4, 2020 November 12, 2020
  • 15:15