Alberta pension fund seeks to grow Asia asset exposure to 15%
BNN Bloomberg
Alberta Investment Management Corp., one of the largest Canadian institutional investors, is increasing its Asia exposure by tapping into investments including infrastructure.
The company is seeking to grow its Asia portfolio contribution to about 10 to 15 per cent of assets under management from mid-single digits now, said Aimco’s head of Singapore Kevin Bong during a Tuesday interview on the sidelines of the Milken Institute Global Investors’ Symposium in Hong Kong.
The fund, which opened a Singapore office in September, has been hiring in the region and is looking to grow its team over time. Managing $158 billion of assets, Aimco joins a number of funds seeking to diversify portfolios by allocating more capital to the region across asset classes including private equity and private debt.
In Asia, the firm focuses on direct investments in infrastructure and also participates in co-investments. For private equity deals, it mostly deploys capital through PE funds, which the company is trying to turn into strategic partners.
