AIMCo and PSP Investments to jointly invest in loan transactions

PSP's credit investment practice focuses on non-investment grade investments in North America and Europe across private and public markets, as well as rescue financing opportunities.

  • AIMCo started investing in private credit in 2010 and currently manages C$6.1 billion
  • PSP Investments launched its credit investment practice in 2015 and manages C$21.9 billion
  • PSP’s team comprises more than 40 professionals

Canadian pension systems Alberta Investment Management Corp and the Public Sector Pension Investment Board have committed to jointly invest in loan transaction opportunities sourced by PSP Investments. No financial terms were disclosed.

“Backed by a team of over 40 investment professionals, PSP Investments’ Credit Investments group is a well-established platform with an excellent track-record and we are excited about continuing to source opportunities, especially in this fast-moving environment,” said Deborah K. Orida, president and CEO at PSP Investments in a statement. “We look forward to collaborating with AIMCo in launching this new initiative.”

AIMCo started investing in private credit in 2010 and currently manages C$6.1 billion and has committed $12.5 billion of capital since inception. AIMCo’s private credit teams are located in Edmonton, Toronto and London.

PSP Investments launched its credit investment practice (formerly known as private debt investments) in 2015, and manages C$21.9 billion in net assets under management. From offices in New York, London and Montréal, the practice focuses on non-investment grade credit investments in North America and Europe across private and public markets, as well as rescue financing opportunities.

PSP Investments, one of Canada’s largest pension systems, has C$230.5 billion of net assets under management. AIMCo, also one of Canada’s largest pension systems, has more than C$160 billion of assets under management.