The Caisse de dépôt et placement du Québec is among the investors committing more than $600 million to eStruxture Data Centers Inc., a data centre provider in Montreal. The investment will fund eStruxture’s acquisition of data centre provider Aptum Technologies and additional capital expansion projects in Canada, according to a press release. The other investors […]
The Investment Management Corp. of Ontario, which provides investment management services to broader public sector institutions in the province, is reporting a 5.4 per cent weighted average return for its clients’ funds (net of all fees) in 2020. Returns ranged from 0.2 per cent to 7.1 per cent based on asset mix, risk tolerance and […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]