TORONTO--(BUSINESS WIRE)--

(“CI GAM”) announces two solutions that provide Canadian investors with access to unique investment opportunities in global private markets. The solutions, a growth mandate and an income mandate, are now available to accredited investors through an offering memorandum.

By using an open architecture fund-of-funds structure, the CI GAM solutions provide convenient one-stop exposure to a diverse set of leading private markets investment strategies.

“Private markets investing offers a myriad of benefits, but this area is broad and complex and typically has been accessible only to the largest institutional investors,” said Marc-André Lewis, Executive Vice-President and Chief Investment Officer of CI GAM.

“CI GAM’s scale and experience enable us to distill the complexity of private markets into a single investment that’s well-diversified across this important group of asset classes. Furthermore, we’re offering Canadian investors the expertise of global best-in-class alternative investment managers.”

Investment managers currently represented in CI GAM’s private markets solutions include Adams Street Partners, Apollo Global Management, Avenue Capital Group, CBRE Investment Management, Demopolis Equity Partners, HarbourVest Partners and Whitehorse Liquidity Partners.

Benefits of private markets investments – which are those made in entities that are not publicly listed or traded – include enhanced portfolio diversification, reduced correlation and lower realized volatility compared with public markets, and the potential for improved risk-adjusted returns.

“Sophisticated institutional investors such as large public pension plans recognize the opportunities in private markets and may have 40% or more of their portfolios allocated to these investments,” said Mr. Lewis.

“Meanwhile, other investors face multiple barriers to private markets investing, including high investment minimums, lack of access, and the difficulties of navigating a large universe of managers and funds. Our one-ticket private markets solutions solve for these issues, as CI GAM is responsible for manager due diligence and selection, making allocations to different managers and strategies, constructing efficient, diversified portfolios, and ongoing risk and liquidity management.”

The solutions follow an open architecture approach, meaning that CI GAM has the ability to source leading managers within each asset class, and change allocations and add investment managers as needed to effectively manage the portfolios.

“Another benefit for investors is that we are already operating at scale, with well-established relationships with our alternative investment managers,” said Mr. Lewis.

The private markets growth solution was launched in February 2023, when it was opened to investments by other CI GAM funds. That mandate now has $420 million in assets under management (at July 31, 2023). In addition to the two multi-manager solutions, CI GAM offers three other private markets solutions, with the first being launched in 2016.

The new CI GAM private markets income solution focuses on delivering yield and invests primarily in private credit, private real estate and private infrastructure, as well as private equity with the characteristics of preferred shares. The private markets growth solution invests primarily in private equity, venture capital, private real estate and private infrastructure.

Lead portfolio managers of the mandates are Mr. Lewis and Geof Marshall, Senior Vice-President, Portfolio Manager and Lead – Private Markets. Mr. Lewis has over 20 years of investment experience, including deep experience in asset allocation and alternative investments. Prior to joining CI GAM, his roles included Head of Portfolio Construction at the Abu Dhabi Investment Authority, one of the world’s largest sovereign wealth funds, and Senior Vice-President and Deputy Chief Risk Officer at Caisse de dépôt et placement du Québec, where he led a team that analyzed and monitored the risks of both its public and private investments and was a member of the asset allocation committee.

Mr. Marshall leads the high-yield bond team at CI GAM and is a member of its asset allocation committee. He has 26 years of investment experience that has included managing corporate bonds, leveraged loans and private credit.

The CI GAM team is also supported by resources of its U.S. affiliate, which are providing additional sourcing and due diligence expertise.

These private markets solutions are the latest advancement in CI GAM’s plans to build an industry-leading alternative investments platform to provide advisors and investors with additional options to diversify their portfolios and enhance risk-adjusted returns. CI GAM now offers five private markets solutions, and manages a diverse selection of mandates with approximately $3.7 billion in total assets (as at July 31, 2023).

Certain investment solutions offered by CI GAM, including the new multi-manager, multi-asset class solutions, 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 $430.3 billion in assets as of July 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.

Adams Street Partners, LLC, CBRE Investment Management, and HarbourVest Partners L.P. are portfolio sub-advisors to certain funds offered and managed by CI Global Asset Management. The foregoing named sub-advisors, as well as other investment managers represented in the new private markets solutions, including Apollo Global Management, Avenue Capital Group, Demopolis Equity Partners and Whitehorse Liquidity Partners, have not (i) explicitly or implicitly endorsed or approved nor (ii) been involved in the preparation of the information contained herein.

Certain names, words, titles, phrases, logos, icons, graphics, or designs in this document may constitute trade names, registered or unregistered trademarks or service marks of CI Investments Inc., its subsidiaries, or affiliates, used with permission. All other marks are the property of their respective owners and are used with permission.

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

©CI Investments Inc. 2023. All rights reserved.

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