IMCO launches Public Market Alternatives Pool
Significant milestone solidifies IMCO as a compelling solution for Ontario’s public sector
TORONTO (November 2, 2021) – The Investment Management Corporation of Ontario (IMCO) announced today it has successfully launched the IMCO Public Market Alternatives Pool, currently representing approximately $3.6 billion of assets for its clients. The remainder of qualified assets and cash contributions are expected to be transferred by January 1, 2022, which will bring the total size of the pool to approximately $4.6 billion.
The launch of the PMA Pool comes after IMCO’s successful launch of its Canadian Public Equity Pool in November 2020 and Global Public Equity pool in early 2021.
“IMCO has made tremendous progress on our mandate to provide Ontario public-sector institutions with world-class investment management services,” said Bert Clark, President & CEO, IMCO. “The PMA pool supports the continued transformation of our clients’ portfolios and continues to position IMCO as the most compelling solution for providing asset management services to Ontario’s public sector.”
Ontario public sector funds join IMCO to access a broad range of enhanced investment strategies. IMCO provides professional end-to-end investment solutions for clients who may not have the scale to create or efficiently access a full range of asset classes, and consolidated risk management and reporting, in a cost-efficient manner.
There are 90 potential funds in Ontario’s broader public sector that are eligible for IMCO membership. These funds represent nearly $100 billion in assets under management. IMCO can provide investment management and services to the following entities:
- Crown agencies;
- Corporations, with or without share capital, that is not a Crown agency but is owned, operated, or controlled by the Crown;
- Boards, commissions, authorities, or unincorporated bodies of the Crown;
- Universities in Ontario, including affiliated and federated colleges, that receive operating grants from the Government of Ontario;
- Municipalities as defined in section 1 of the Municipal Act, 2001; and
- Any other bodies as may be prescribed.