alternative lending – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 21 Nov 2024 22:24:05 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 CPPIB wants to grow credit investments to $115BN by 2029: report https://www.benefitscanada.com/canadian-investment-review/alts/cppib-wants-to-grow-credit-investments-to-115bn-by-2029-report/ Tue, 14 May 2024 13:00:34 +0000 https://www.benefitscanada.com/?p=155564 The Canada Pension Plan Investment Board plans to nearly double the size of its credit holdings over the next five years, according to reporting by Bloomberg. Andrew Edgell, the CPPIB’s global head of credit investments, said the fund expects to have more than $115 billion in credit assets by 2029, compared with about $62 billion […]

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]]> Ontario Teachers’ gains minority stake in new alternative lender, UPP backs U.K. locomotive operator https://www.benefitscanada.com/canadian-investment-review/alts/ontario-teachers-gains-minority-stake-in-new-alternative-lender-upp-backs-u-k-locomotive-operator/ Mon, 01 Apr 2024 19:00:47 +0000 https://www.benefitscanada.com/?p=153640 The Ontario Teachers’ Pension Plan is gaining a minority stake in a new financial entity resulting from a merger between Fairstone Bank of Canada and Home Trust Company. The new group will have a national branch and broker network to offer residential and commercial mortgages, personal loans, credit cards, retail financing, auto financing, digital lending […]

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]]> Rise in private credit demand will push institutional investors to provide increased disclosure: expert https://www.benefitscanada.com/canadian-investment-review/emerging-global-markets-canadian-investment-review/rise-in-private-credit-demand-will-push-institutional-investors-to-provide-increased-disclosure-expert/ Tue, 12 Mar 2024 15:00:42 +0000 https://www.benefitscanada.com/?p=151982 While the growing demand for private credit will require additional disclosure by institutional investors, it’s yet to be seen whether it will resemble similar restrictions placed on traditional lenders such as banks, says Shane Terrillon, an investment consultant at Aon. “Private credit being able to step in and help diversify financing solutions more broadly is […]

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]]> U.S.-China business relationship, private credit shaping investments in 2024: IMCO https://www.benefitscanada.com/canadian-investment-review/research-markets/u-s-china-business-relationship-private-credit-shaping-investments-in-2024-imco/ Tue, 06 Feb 2024 14:00:25 +0000 https://www.benefitscanada.com/?p=151602 The Investment Management Corp. of Ontario believes an increasingly icy dynamic between the U.S. and China could lead to heightened volatility for institutional investors this year, says Nick Chamie, the IMCO’s chief strategist and senior managing director of total portfolio and capital markets. “If we’re no longer zeroing in on maximizing economic efficiency, we’re no longer […]

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]]> Four Canadian pension funds increasing exposure to private credit: report https://www.benefitscanada.com/canadian-investment-review/research-markets/four-canadian-pension-funds-increasing-exposure-to-private-credit-report/ Mon, 29 Jan 2024 20:00:15 +0000 https://www.benefitscanada.com/?p=151286 As banks continue to pull back on lending, the Canada Pension Plan Investment Board, the Ontario Teachers’ Pension Plan, the Ontario Municipal Employees’ Retirement System and the OPSEU Pension Trust are increasing their exposure to private credit, according to reporting by Reuters. The CPPIB, which manages $576 billion, said it will double its overall credit […]

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]]> CPPIB, OMERS selling Chicago toll road stakes; Caisse backing renewable energy credit lender https://www.benefitscanada.com/canadian-investment-review/alts/cppib-omers-selling-chicago-toll-road-stakes-caisse-backing-renewable-energy-credit-lender/ Thu, 15 Sep 2022 15:30:23 +0000 https://www.benefitscanada.com/?p=126906 The Canada Pension Plan Investment Board and the Ontario Municipal Employees’ Retirement System are selling their respective interests in a Chicago toll road. The investment organizations, which each hold 33.3 per cent stakes in the Skyway Concession Co., are selling their interests to Atlas Arteria Ltd., an Australian toll road investor. SCC manages, operates and […]

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]]> Ontario Teachers’ acquiring reverse mortgage lender, OMERS financing EV battery manufacturer https://www.benefitscanada.com/canadian-investment-review/alts/ontario-teachers-acquiring-reverse-mortgage-lender-omers-financing-ev-battery-manufacturer/ Tue, 05 Jul 2022 16:45:38 +0000 https://www.benefitscanada.com/?p=123873 The Ontario Teachers’ Pension Plan is acquiring the parent company of a Canadian reverse mortgage provider. The pension fund is buying HomeQ Corp., which owns the HomeEquity Bank, from Birch Hill Equity Partners Management Inc. and several minor shareholders. While the financial details of the acquisition weren’t disclosed, a press release noted it’s part of the […]

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]]> The role of strategic credit in mature DB pension plans https://www.benefitscanada.com/archives_/the-role-of-strategic-credit-in-mature-db-pension-plans/ https://www.benefitscanada.com/archives_/the-role-of-strategic-credit-in-mature-db-pension-plans/#respond Wed, 28 Oct 2020 04:36:53 +0000 https://cumulus.benefitscanada.com/uncategorized/the-role-of-strategic-credit-in-mature-db-pension-plans/ The pension industry is at a turning point, with the asset value of defined contribution plans growing, while defined benefit plans are shrinking. “In a decade’s time, you will have a situation where DC will be almost $50 trillion in size, but DB will be $10 trillion in size and there will be big changes […]

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