CI Financial Corp. has formed a strategic partnership with Adams Street Partners to develop investment solutions exclusively for CI clients, providing them with access to private investments in markets around the world.
“We believe private market and other alternative investments can provide investors with valuable benefits, including the potential for added diversification, stability and downside support,” said Kurt MacAlpine, CI’s CEO. “Our liquid alternatives lineup has performed comparatively well during the recent volatility and we are expanding our product choices in alternatives by adding private markets options.”
Adams Street manages US$40 billion
Adams Street, an employee-owned firm dedicated exclusively to private markets, manages US$40 billion. It has four offices in the United States, as well as offices in London, Munich, Singapore, Beijing, Tokyo and Seoul.
“We are pleased to join CI Financial in developing unique innovative private markets investment solutions for CI’s Canadian clients,” said Jeff Diehl, managing partner and Head of Investments at Adams Street. “Our partnership will allow us to provide Canadian investors with access to a global portfolio of private equity and private credit investments. Historically, these investments have primarily been available only to large institutional investors.”
CI building on its priorities
CI’s move to expand its capabilities in alternative investments stems from three strategic priorities: modernizing its asset management business; expanding its wealth management platform and globalizing the firm.
“Institutional investors such as pension plans, endowments and foundations are increasingly focused on achieving returns based on their investors’ long-term objectives,” said MacAlpine. “We are seeing the same trend with our high net-worth clients, who are shifting their attention to longer-term wealth preservation and inter-generational planning.”
CI said it’s building on its liquid alternative funds, where it has $1.3 billion in assets under management.
