Institution: Investment Management Corporation of Ontario
Headquarters: Toronto, Canada
AUM: C$70.30 billion
Allocation to Alternatives: 30.0%
Investment Management Corporation of Ontario has agreed to commit $250 million to Apollo Accord Fund III B, according to a news release published in May. The commitment is part of IMCO’s recently launched Global Credit program, which focuses on providing higher risk-adjusted returns than traditional fixed income.
The C$70.30 billion asset manager has a three percent current allocation to private debt. This commitment is IMCO’s first investment with an Apollo-managed fund.
As illustrated below, the organisation allocates 30.0% of its investment portfolio to alternative asset classes.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.