CIX. CI Financial Corp.

CI Global Asset Management Builds on its Leadership in Alternative Investments with New Multi-Manager Private Markets Solution

(“CI GAM”) announces a new investment solution designed to deliver the benefits of private markets investing to individual investors.

CI GAM is using a fund-of-funds structure to provide investors with diversified exposure to a variety of private markets asset classes and best-in-class alternative asset managers through a simple one-ticket solution. Asset classes include venture capital and private equity, credit, infrastructure and real estate.

“This new strategy addresses a significant need in the Canadian market by providing individual investors with the opportunity to gain exposure to private markets,” said Kurt MacAlpine, Chief Executive Officer of CI Financial Corp., CI GAM’s parent company. “The most sophisticated Canadian institutional investors allocate 30-40% of their portfolios to private markets, while allocations by retail investors are typically zero. This disconnect is not due to private markets being good for one segment of investors and not another; it’s entirely driven by awareness, access and complexity – all three of which are solved in our new strategy.”

“Private markets offer the potential for improved risk-adjusted returns, higher yields, and lower realized volatility compared with public markets,” said Marc-André Lewis, Executive Vice-President and Chief Investment Officer of CI GAM. “In addition to offering multi-manager, multi-asset class exposure to private markets, our solution benefits from CI GAM’s expertise in asset allocation – managing the allocations between managers and funds – and our ability to offer attractive overall pricing, thanks to our size and scale.”

With this new mandate, CI GAM is building on its experience in private markets solutions, including managing liquidity risks associated with these investments. The new solution leverages CI’s existing relationships with three established private markets investment firms – Adams Street Partners, CBRE Global Investment Partners, and HarbourVest Partners – and will include other global investment managers.

CI GAM’s new private markets strategy is now open to investments by other CI GAM funds as part of their less-liquid portfolio sleeve, where appropriate. It is expected to be made available to accredited investors later this year.

Private markets investments are those made in entities that are not publicly listed or traded. Asset classes include private equity (taking an ownership stake in a private company), private credit (issuing loans or otherwise investing in the debt of a private company) and venture capital (investments in startups or other emerging businesses). In addition, infrastructure and real estate are considered distinct asset classes within private markets because of their attractive characteristics, including holding real assets and the potential for generating consistent, lower-risk, long-term cash flows.

Providing expanded access to private markets is part of CI GAM’s strategy of building out a robust lineup of alternative investments, offering advisors and investors valuable new tools to help them meet their investment objectives in today’s challenging markets. CI GAM also manages a diverse lineup of seven mandates with approximately $3.3 billion in total assets (as at December 31, 2022).

Certain investment solutions offered by CI GAM, including the new multi-manager, multi-asset class solution, are made in reliance on exemptions from the prospectus requirement in Canada, including where investments are made by accredited investors who meet minimum investment thresholds and other qualifying criteria, through registered dealers.

About CI Global Asset Management

CI Global Asset Management is one of Canada’s largest investment management companies. It offers a wide range of investment products and services and is on the Web at . CI Global Asset Management is a subsidiary of (TSX: CIX), an integrated global asset and wealth management company with approximately $375.8 billion in assets as of December 31, 2022.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase funds managed by CI Global Asset Management and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Every effort has been made to ensure that the material contained in this document is 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 prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor.

This document contains forward-looking statements concerning anticipated future events, results, circumstances, performance or expectations with respect to CI Global Asset Management (“CI GAM”) and its products and services, including its business operations, strategy and financial performance and condition. Forward-looking statements are typically identified by words such as “believe”, “expect”, “foresee”, “forecast”, “anticipate”, “intend”, “estimate”, “goal”, “plan” and “project” and similar references to future periods, or conditional verbs such as “will”, “may”, “should”, “could” or “would”. These statements are not historical facts but instead represent management’s beliefs regarding future events, many of which by their nature 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. The material factors and assumptions applied in reaching the conclusions contained in these forward-looking statements include that all announced transactions will be completed and that assets levels do not decline prior to completion, the investment fund industry will remain stable and that interest rates will remain relatively stable. Factors that could cause actual results to differ materially from expectations include, among other things, general economic and market conditions, including interest and foreign exchange rates, global financial markets, changes in government regulations or in tax laws, industry competition, technological developments and other factors 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 alter any forward-looking statement after the date on which it is made, whether to reflect new information, future events or otherwise.

Adams Street Partners, LLC., CBRE Global Investors, and HarbourVest Partners L.P. are portfolio sub-advisors to certain funds offered and managed by CI Global Asset Management.

CI Global Asset Management is a registered business name of CI Investments Inc.

©CI Investments Inc. 2023. All rights reserved.

EN
08/02/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on CI Financial Corp.

CI Financial Corp: 10 directors

Ten Directors at CI Financial Corp sold 215,288 shares at 32.000CAD. The significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cle...

 PRESS RELEASE

Gestion mondiale d’actifs CI annonce l’approbation par les porteurs de...

TORONTO--(BUSINESS WIRE)-- (« GMA CI ») annonce avoir obtenu l’approbation requise des porteurs de titres pour procéder à la fusion de six fonds communs de placement et de deux FNB avec d’autres mandats. Les fusions seront mises en œuvre après la fermeture des bureaux le 4 avril 2025, ou aux alentours de cette date, à l’exception des fusions du Fonds d’obligations canadiennes de base améliorées CI et du Fonds mondial d’actions et de revenu CI, qui seront mises en œuvre aux alentours du 2 mai 2025. Les fusions ont été pour la première fois le 18 novembre 2024 et, pour celles nécessitant l’ap...

 PRESS RELEASE

CI Global Asset Management Announces Securityholder Approval of Fund M...

TORONTO--(BUSINESS WIRE)-- (“CI GAM”) announces that it has received the required securityholder approval to proceed with the merger of six mutual funds and two ETFs into other mandates. The mergers will be implemented after the close of business on or about April 4, 2025, except for the mergers of CI Canadian Core Plus Bond Fund and CI Global Equity & Income Fund, which will be implemented on or about May 2, 2025. The mergers were first on November 18, 2024 and, for those requiring securityholder approval, were approved by securityholders at meetings held on March 19, 2025. CI GAM is unde...

 PRESS RELEASE

Gestion mondiale d’actifs CI annonce les distributions de mars 2025 po...

TORONTO--(BUSINESS WIRE)-- (« GMA CI ») annonce les distributions régulières en espèces suivantes pour le mois ou trimestre se terminant le 31 mars 2025 à l’égard des FNB CI. Dans tous les cas, la distribution sera versée au plus tard le 31 mars 2025 aux porteurs de parts inscrits le 25 mars 2025. La date ex-dividende pour tous les FNB est le 25 mars 2025.   Symbole boursier Montant de la distribution (par part) FNB indice des obligations gouvernementales coupons détachés échelonnées 1 à 5 ans CI BXF 0,0831 $ FNB Indice des obligations totales du Canada CI CAGG...

 PRESS RELEASE

CI Global Asset Management Announces March 2025 Distributions for the ...

TORONTO--(BUSINESS WIRE)-- (“CI GAM”) announces the following regular cash distributions for the month or quarter ending March 31, 2025 in respect of the CI ETFs. In all cases, the distribution will be paid on or before March 31, 2025 to unitholders of record on March 25, 2025. The ex-dividend date for all ETFs is March 25, 2025.   Trading Symbol Distribution Amount (per unit) CI 1-5 Year Laddered Government Strip Bond Index ETF BXF $0.0831 CI Canadian Aggregate Bond Index ETF CAGG $0.1156 CI Canadian Short-Term Aggregate Bond Index ETF CAGS $0.04...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch