BCI
| Pension Fund | |
| ISIN | 🆔 |
| Industry | Investment management |
| Founded 📆 | 1999 |
| Founder 👔 | |
| Headquarters 🏙️ | Global, |
Area served 🗺️ | |
Key people | Peter Milburn (Chairman) Gordon J. Fyfe (CEO)[1]:p.4 |
 $14 Billion (June 2018) | |
| 💎 AUM | $145 Billion (June 2018)[2] |
| Members | |
Number of employees | |
| 🌐 Website | bci |
| 📇 Address | |
| 📞 telephone | |
BCI, officially the British Columbia Investment Management Corporation, is a Canadian Crown corporation established in 1999, to oversee and invest British Columbia's provincial wealth funds. As of June 30, 2018, BCI manages over C$145 billion in investment assets.[3][4] Headquartered in Victoria, BC, BCIMC is one of the world's largest investment funds, operating out of 23 offices across 17 countries.[5]
Investment Groups
BCI has four major investment divisions:[6]
- Capital Markets, which focuses on equities, fixed income and all weather strategies
- Private Equity which focuses on making private market investments in technology, industrials, consumer and healthcare sector companies primarily in North America and Europe
- Infrastructure & Renewable Resources which focuses on opportunistic investments in infrastructure and renewable energy companies
- QuadReal Property Group is BCI's real estate investment vehicle, making core+, opportunistic and debt investments in real estate assets globally
Major Investments
Verifone
California based electronic payments technology company, Verifone was acquired in a take-private buyout by BCI and Francisco Partners for $3.4 Billion in 2018
GCT Global Container Terminals
BCI and IFM Investors announced in 2018 their intention to acquire GCT Global Terminals Inc. from OTPP in a transaction believed to be worth $4 Billion
Springs Window Fashions
BCI and AEA Investors acquired Springs Window Fashions, the 3rd largest window covering company in the world from Golden Gate Capital for an undisclosed sum
Hayfin Capital Management LLP
BCI acquired a majority stake in London based credit focussed hedge fund in 2017 for an undisclosed amount
Refresco Group
In 2017, BCI and French private equity firm acquired Refresco's European bottling business for $1.6 Billion in cash
Delta Hotels
- In 2007, Delta Hotels, a luxury chain of hotels was acquired by BCI from Fairmont Hotels and Resorts, and eventually sold to Marriott Hotels in 2015
TimberWest Forest Corporation
- In 2011, BCI and PSP Investments acquired the Canadian publicly traded TimberWest Forest Corporation for $1.03 Billion in cash and debt in a take-private buyout transaction
References
- ↑ "2016 Annual report". BCIMC.
- ↑ "Condensed Interim Consolidated Financial Statements of BCIMC - December 31, 2017". BCI.ca. February 8, 2018. p. 1.
- ↑ "BCIMC Homepage". Retrieved 26 February 2018.
- ↑ "2017 Annual Report". BCIMC. May 26, 2017.
- ↑ Thompson, Jennifer (May 18, 2017). "Canada Pension Plan triples returns on global markets rally". ft.com.
- ↑ Cite error: Invalid
<ref>tag; no text was provided for refs namedBCI.ca
This article "BCIMC" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:BCIMC. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
