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A diversification drive
This recognition was not in isolation however mirrored a broader development noticed throughout the institutional funding sphere in Canada, the place giants like CPP and AIMCO have been more and more allocating substantial parts of their portfolios to non-public belongings.
The persistent tightening of credit score circumstances, additional intensified by latest disturbances within the banking sector, is more and more pushing debtors to hunt options in non-public credit score markets.
The shift in the direction of non-public fairness, credit score, actual property, and enterprise capital represented a strategic endeavor to unlock new avenues of development and diversification, not only for CI GAM but additionally for its purchasers.
Designing new merchandise, securing regulatory approvals, and constructing the infrastructure to help these investments took appreciable time and effort. Lewis describes this transition as, “A prolonged journey. The majority of the previous 12 months to 12 months and a half was dedicated to growing and beginning to spend money on these merchandise. Now, we’re able to supply them to a broader viewers.
“This has developed right into a complete vary of asset lessons, beforehand inaccessible to buyers within the unlisted house. From a diversification standpoint, it makes appreciable sense for us to broaden our enterprise choices and for our purchasers to diversify their portfolios by incorporating non-public belongings alongside what we have now been doing within the listed house.”
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