Investment Management Corp of Ontario has established a partnership with Valence Energy Capital Corp, a Calgary-based power specialist. Valence will identify and source opportunities in select global power markets that can help add assets to IMCO’s infrastructure portfolio. No financial terms were disclosed.
IMCO Establishes Partnership With Power Market Experts
TORONTO (AUGUST 10, 2020) – The Investment Management Corporation of Ontario (“IMCO”) is pleased to announce it has established an exclusive partnership with Valence Energy Capital Corporation (“Valence”). Valence will identify and source opportunities in select global power markets, enhancing IMCO’s capabilities through sourcing, acquiring, managing and delivering clean, reliable and cost-effective power to end-use customers.
“From an investment portfolio perspective, power assets can offer a variety of exposures but generally do offer diversification benefits and can offer strong risk-adjusted returns,” said Tim Formuziewich, Managing Director of Infrastructure, IMCO. “With electricity networks increasingly reliant on renewable, non-dispatch energy, we believe value exists by providing energy markets and their customers with flexibility in sourcing renewable energy. We are excited to partner with Valence as it pursues alpha-generating opportunities in the power space for our infrastructure portfolio.”
Valence’s principals, Matthew Mendes and Trevor Wills, have deep industry relationships and knowledge, with a combined thirty years’ building, operating and managing electricity businesses across the globe.
“The energy sector is transitioning towards a cleaner, more nimble, dynamic and customer-centric industry,” said Mendes. “We understand the complexity and opportunity associated with this transition and are excited to partner with IMCO to create world class opportunities in the electricity sector for its clients,” added Wills.
The Investment Management Corporation of Ontario manages $70.3 billion of assets on behalf of its clients. IMCO’s mandate is to provide broader public sector institutions with investment management services, including portfolio construction advice, better access to a diverse range of asset classes and sophisticated risk management capabilities. IMCO is an independent organization, operating at arm’s length from government and guided by a highly experienced and professional Board of Directors. Follow us on LinkedIn and Twitter @imcoinvest
Headquartered in Calgary, Canada, Valence Energy Capital Corporation is focused on furthering the evolution of the power grids by thinking holistically about the development, operation and optimization of power assets and how they interact with changing end-use customer desires and the needs of the grid operators. To learn more about Valence please visit us at www.ve-cap.com
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