IMCO commits C$1bn to private equity

Institution: Investment Management Corporation of Ontario
Headquarters: Toronto, Canada
AUM: C$70.3 billion
Allocation to alternatives: 30%

Investment Management Corporation of Ontario committed C$1 billion ($753 million) to three private equity funds, according to a news release on its site.

The pension invested with Kohlberg Investors IX, which is targeting $3 billion and focuses on multiple sectors; Nordic Capital X, which invests in financial services, healthcare, TMT  and diversified sectors and is targeting €5 billion; and North Haven Capital Partners VII, which also invests in multiple sectors in North America.

The pension’s private equity asset class sits at three percent or C$1.9 billion, according to IMCO’s 2019 annual report. The pension expects its private equity portfolio to reach C$6 billion or more by 2025, according to the news release.

As illustrated below, the pension invests in multiple sectors in North America, Asia-Pacific and Europe.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments