Canada pension with $164 billion opens NYC office in credit push
BNN Bloomberg
Alberta Investment Management Corp., one of Canada’s largest pension plans, is opening a New York office as it pushes further into private credit investing.
The $164 billion pension is looking to grow its $6 billion of private credit assets by a couple of billion dollars over the next five years, Chief Investment Officer Marlene Puffer said in an interview. Meanwhile, it’s opening a New York office to be close to many of its biggest U.S. managers.
“We’re getting much more strategic about relationships with general partners,” she said.
Aimco is already active in middle-market private credit. It will focus on expanding its investments in large-cap private credit based in the U.S., aiming to do co-investments alongside fund commitments, Puffer said.
