Alberta Investment Management Corporation related stories
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ING A$2.5 billion industrial fund to be sold to Goodman consortiumING Real Estate Investment Management has agreed the sale of its A$2.5 billion Australian Securities Exchange-listed industrial fund to a consortium of buyers led by Sydney-based Goodman Group. The sale is the latest in a string of real estate offloads by Dutch parent company ING.
- ING hires ex-Broadway exec to lead French investments
Despite trying to sell itself to third parties, the real estate investment arm of the Dutch insurance group has hired Bruno Cohen as CIO of its Paris office.
- ING offloads Canadian real estate arm
KingSett and AIMCo, the consortium of Alberta pensions and endowments, acquire ING’s 50% stake in an industrial fund for $1.9bn – along with the fund’s management platform, ING Real Estate Canada.
- Candover throws in the towel
Long-standing fixture of the European private equity landscape Candover has decided to continue life only as a realisation vehicle, returning money to shareholders as investments are sold.
- Year-End Spotlight: Canadians demand control
In-house investment professionals don't start earning money until they perform up to 'at least' comparable public markets, said Leo de Bever, CEO of AIMCo.
- Alberta to build direct PE team in-house
Leo de Bever, head of the C$70bn Alberta Investment Management Corporation, said money managed by external GPs costs ‘nine times what it costs me internally’.
- Canadian PE firms strike deal with open-pit miner KMC
Fund of funds manager Kensington has committed C$1.9m to a 60-year-old Canadian oil sands mining company as part of a consortium including Calgary private equity firm TriWest.