While the University of British Columbia’s staff pension plan already boasts a sizable investment in alternative credit, it still has room for more. “Overall, we have a favourable outlook for alternative credit and intend to continue growing our exposure in 2023,” says Josh Kruse, associate director at UBC Investment Management. “Rising policy interest rates and […]
The Ontario Teachers’ Pension Plan is partnering with an infrastructure investment company to oversee its container firm SeaCube Container Leasing. The pension fund will enter into a co-control structure agreement with Wren House Infrastructure Management Ltd., which bought an equity stake in the Bermuda-based container operator. The financial details of the partnership haven’t been disclosed. […]
The days of Canadian institutional investors dismissing domestic opportunities for international ones may be over, according to a new research note. In the note, Ian de Verteuil, managing director of equity, markets research and global markets at CIBC Capital Markets, predicted pension funds in Canada have ended a period of shifting their assets to international […]
As institutional investors become increasingly interested in assets supporting the energy transition, they must evolve their assessment processes in order to meet new standards, according to experts. When the Public Sector Pension Investment Board was determining an official strategy around green assets, the team worked to develop a category it calls transition assets — those […]
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 […]
Canadian institutional investments in India could cool down if escalation between the two countries continues, according to a trade and investment lawyer. John Boscariol, a partner with McCarthy Tétrault LLP, says Prime Minister Justin Trudeau’s serious allegations last week, accusing the government of India for being involved in the fatal shooting of a Sikh leader in […]
The Caisse de dépôt et placement du Québec is investing in Vooban, a Quebec-based supplier of applied artificial intelligence services. The investment will aid Vooban’s growth through expansion plans in Ontario and the U.S, according to a press release, which noted the company currently has 135 employees, but is planning to expand by 30 per cent. The […]
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 […]
North American institutional investors raised $749.7 billion, nearly half (49 per cent) of the $1.53 trillion total private capital raised globally between the second half of 2022 and the end of May 2023, according to a report by Preqin. It found the weakest period for deal activity since the start of the coronavirus pandemic was […]