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IMCO Private Equity team prudently deploys capital in volatile market environment

Team continues to build diversified portfolio of private equity assets

TORONTO (Feb 14, 2023) – The Investment Management Corporation of Ontario ("IMCO") closed 12 private equity direct and co-investments totaling over $500-million and committed more than $2-billion to strategic partners in 2022, in line with its long-term strategy of building its portfolio. IMCO's Private Equity team continued to deploy capital prudently across a diversified set of companies designed to strengthen the portfolio's ability to withstand market fluctuations. Capital commitments to strategic partners will be deployed over the coming years into attractive investment opportunities in multiple sectors and geographies.

"Despite a turbulent and uncertain market environment, IMCO's Private Equity team deployed capital in 2022 consistently and nimbly, strengthening our relationships with strategic partners through a combination of fund commitments and direct investments, and maintaining discipline and focus on our long-term strategy,"" said Craig Ferguson, Managing Director, Private Equity, IMCO. "Our program is designed to continue to grow with a focus on investing consistently across vintage years' of private equity while seeking attractive risk-adjusted returns, investing alongside our best-in-class partners with deep sector expertise."

2022 Investment Highlights with Existing Strategic Partners

Select direct and co-investment transactions alongside strategic fund partners included:

IMCO also committed additional capital to existing fund partners: EagleTree Partners; Kohlberg & Company; Nordic Capital; Peloton Capital Management; TorQuest Partners; and Sumeru Equity Partners.

Added New Partners in 2022

IMCO Private Equity also established relationships with several new strategic partners:

  • Stone Point Capital;
  • Brookfield Capital Partners; and
  • Apax Global Impact, the first impact fund for IMCO’s Private Equity portfolio.

IMCO's Private Equity program is designed to achieve superior risk-adjusted returns for clients through a differentiated hybrid approach to investing, leveraging long term relationships with best-in-class strategic partners around the world, with a highly experienced team capable of making direct equity and co-investments. IMCO's Private Equity team is predominantly targeting investing in companies in North America and Europe. The portfolio seeks to invest across a range of sectors such as industrials, business services, consumer, technology/media/telecommunications, healthcare, and financial services.


The Investment Management Corporation of Ontario (IMCO) manages $79 billion of assets on behalf of our clients. Designed exclusively to drive better investment outcomes for Ontario's broader public sector, IMCO operates under an independent, not-for-profit, cost recovery structure. We provide leading investment management services, including portfolio construction advice, better access to a diverse range of asset classes and sophisticated risk management capabilities. As one of Canada's largest institutional investors, we invest around the world and execute large transactions efficiently. Our scale gives clients access to a well-diversified global portfolio, including sought-after private and alternative asset classes. Follow us on LinkedIn and Twitter @imcoinvest.