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CI Global Asset Management (“CI GAM”) announced it has partnered with HarbourVest Partners (“HarbourVest”) to offer an investment solution providing Canadian accredited investors with access to a diversified global portfolio of private infrastructure investments.
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“We’ve partnered with a global leader in private markets investing to provide access to attractive infrastructure investments – a compelling and timely investment opportunity in today’s uncertain markets,” said Kurt MacAlpine, Chief Executive Officer of CI Financial Corp., parent company of CI GAM.
“Core infrastructure offers the potential for steady, inflation-protected income and stable, lower-risk returns relative to other equity investments. HarbourVest’s deep private markets experience and relationships will provide our investors with exposure to a broader set of high-quality core infrastructure assets from developed markets globally, including many types of investments that simply aren’t available in the public markets.”
HarbourVest has 40 years of experience in private markets investing, including a successful 14-year track record in infrastructure investing through economic cycles and varied market conditions.
“We are pleased to partner with a leading institution in the Canadian marketplace,” said Peter Wilson, Managing Director, HarbourVest Partners. “HarbourVest has seen strong growth in Canada, driven in part by partnerships that allow us to provide our private markets expertise and platform to a broader group of accredited investors.”
Private market investments are those made in entities that are not publicly listed or traded. Core and core plus infrastructure sectors targeted by HarbourVest include: utilities, such as electricity and gas transmission, and water services; transportation, such as airports, toll roads, railroads and ports; renewable power generation; and communications, such as data centres and wireless networks. These investments are essential services, often monopolistic, quasi-monopolistic or long-term contracted, that show potential for stable revenue with cash flow profiles that may include significant inflation protection.
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“With this partnership, CI GAM is once again making innovative institutional-quality alternative investment solutions available to a broader investing audience,” Mr. MacAlpine said.
“As capital markets become increasingly challenging to navigate, we believe that alternative investments have an important role in helping individual investors meet their financial objectives. As part of modernizing our asset management business, we have engaged experienced managers to build an industry-leading lineup of alternative investments.”
CI GAM also offers a private credit and equity markets fund and a global private real estate fund, which are available to accredited investors. Additionally, CI GAM manages a lineup of six fixed-income and equity liquid alternatives mandates with a total of approximately $3.7 billion in assets, the most of any firm in the Canadian industry. CI Liquid Alternatives™ are available in both mutual fund and exchange-traded fund structures.
Certain investment solutions offered by CI GAM are made in reliance on an exemption from the prospectus requirement in Canada, including accredited investors who meet the minimum investment thresholds, and other qualifying criteria, through registered dealers
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