Toronto – (work wire) –CI Global Asset Management (“CI GAM”) today it has entered into a partnership with Harborfest Partners (“HarbourVest”) to offer an investment solution that provides accredited Canadian investors with access to a diversified global portfolio of private infrastructure investments.
Kurt McAlpine, CEO of CI Financial Corp. CI’s parent company: “We have partnered with a leading global private market investment firm to provide access to attractive infrastructure investments – a compelling and timely investment opportunity in today’s uncertain markets.” GAM.
The basic infrastructure provides the potential to generate stable, inflation-protected income and low-risk stable returns compared to other equity investments. HarborVest’s deep experience and relationships with private markets will provide our investors with exposure to a broader range of high-quality core infrastructure assets from globally developed markets, including many types of investments that are simply not available in the public markets.”
HarbourVest has 40 years of experience investing in private markets, including a 14-year track record of investing in infrastructure through diverse economic cycles and market conditions.
“We are delighted to partner with a leading organization in the Canadian market,” said Peter Wilson, Managing Director of HarborVest Partners. “HarbourVest has seen strong growth in Canada, driven in part by partnerships that allow us to bring our expertise in private markets and a platform to a broader group of accredited investors.”
Private market investments are those made in unlisted or publicly traded entities. The core and core infrastructure sectors that HarbourVest targets include: utilities, such as electric and gas transmission, and water services; Transportation, such as airports, roads, railways, and ports; renewable energy generation; and communications, such as data centers and wireless networks. These investments are core services, often monopolistic, semi-monopolistic or long-term contracted, that show the potential for consistent revenue generation with cash flow profiles that may include significant inflation protection.
“Through this partnership, CI GAM is once again making available innovative institutional quality alternative investment solutions to a broader investment audience,” said Mr. McAlpine.
“As capital markets become increasingly difficult to navigate, we believe alternative investments have an important role to play in helping individual investors achieve their financial goals. As part of modernizing our asset management business, we have engaged experienced managers to build an industry-leading portfolio of alternative investments. ”
CI GAM also offers a private equity and trust market fund and a private global real estate fund, available to accredited investors. In addition, CI GAM operates a portfolio of six fixed income and liquid alternatives with a total value of approximately $3.7 billion in assets, the largest number of any company in the Canadian industry. CI . Liquid Alternatives™ Available in both mutual funds and exchange-traded funds.
Certain investment solutions offered by CI GAM are made with reliance on an exemption from prospectus requirements in Canada, including accredited investors who meet the minimum investment, and other qualification criteria, through registered dealers.
HarbourVest is an independent global private markets company with 40 years of experience and more than $92 billion in assets under management as of December 31, 2021. Our nested platform provides clients with access to global primary funds, secondary transactions, direct co-investments, real estate assets, infrastructure and private credit. Our strength spans across strategies, backed by our team of over 800 employees, including more than 175 investment professionals across Asia, Europe and the Americas. Across our Private Markets platform, our team has committed more than $49 billion to newly formed funds, completed more than $40 billion in secondary purchases, and invested more than $27 billion in directly operating companies. We strategically partner and innovatively plan our offerings to provide our clients with global access, insight and opportunities.
About CI Global Asset Management
CI Global Asset Management is one of the largest investment management firms in Canada. It offers a wide range of investment products and services and is available on the web at www.ci.com. CI Global Asset Management is a subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX), a global integrated asset and wealth management company with approximately $354.6 billion in assets as of April 30, 2022.
This advertisement is not for publication or distribution, directly or indirectly, in or within the United States of America. This advertisement is not an offer to sell securities in the United States. Any securities referred to herein have not and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States, except in accordance with an applicable exemption from registration. There is no public offering of securities in the United States.
This communication is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase funds managed by CI Global Asset Management and/or HarborVest Partners and should not be construed as, and should not be relied upon as, investment, tax, legal or accounting advice in this regard. Every effort has been made to ensure that the materials contained herein are accurate at the time of publication. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors before implementing any changes to their investment strategies. These investments may not be suitable for the investor’s circumstances.
This document contains forward-looking statements regarding expected future events, results, conditions, performance or expectations with respect to CI Global Asset Management (“CI GAM”) and/or HarborVest Partners and their products and services, including their business operations, strategy, performance and financial condition. Forward-looking statements are usually identified by words such as “believe,” “expect,” “expect,” “expect,” “expect,” “intend,” “estimate,” “objective,” “plan,” “project,” and the like. It is from references to future periods, or modal verbs such as “will”, “may”, “should”, “could” or “will”. These statements are not historical facts but instead represent management’s beliefs regarding future events, many of which are inherently uncertain and beyond management’s control. Although management believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements involve risks and uncertainties. Material factors and assumptions applied in arriving at the conclusions in these forward-looking statements include that all reported transactions will be completed, asset levels will not decline prior to completion, the mutual fund industry will remain stable and interest rates will remain relatively stable. stable. Factors that could cause actual results to differ materially from expectations include, among other things, general economic and market conditions, including interest rates and foreign exchange, global financial markets, changes in government regulations or tax laws, industry competition, and technological developments. and others. Factors that are described or discussed in disclosure materials filed with applicable securities regulatory authorities from time to time. The foregoing list is not exhaustive and the reader is cautioned to consider these and other factors carefully and not to place undue reliance on forward-looking statements. Other than as specifically required by applicable law, there is no obligation to update or change any forward-looking statement after the date it is made, whether to reflect new information, future events or otherwise.
CI Liquid Alternatives™ is a trademark of CI Global Asset Management. CI Global Asset Management is a registered trading name of CI Investments Inc.
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