is committed to incorporating environmental, social and governance considerations into investment processes as a way to improve long-term returns to clients and beneficiaries.
Through this close association with world class plan sponsors such as bcIMC and CalPERS, our organizations will continue to learn from each other to the benefit of all clients, tenants and employees in both Canada and the United States," said Whitelaw
Based in Victoria, British Columbia and supported by industry-leading expertise, bcIMC invests in all major asset classes including infrastructure and other strategic investments.
With over $83 billion in assets under administration with global exposure, and supported by industry-leading investment expertise, bcIMC
offers fund management services for all major asset classes, including currency and infrastructure investment.
Sample clients include Bain Capital, Parthenon Capital, Nokia Venture Partners, Columbia Endowment, Advent International, bcIMC
, ONEX Corporation, Softbank, Mobius Venture Capital, and others.
TimberWest entered into an agreement with two wholly-owned subsidiaries of British Columbia Investment Management Corporation (the "bcIMC Investors") under which the bcIMC Investors have agreed to purchase $100 million principal amount of convertible debentures of the Company by way of a private placement.
The bcIMC Investors total investment was $100 million and the Company raised an additional $50 million through the public rights offering.
We conducted a pretty extensive search encompassing a dozen potential vendors, and SS&C's LMS system clearly provided an edge in terms of overall functionality to meet our needs," said Dean Atkins, Vice President, Mortgages at bcIMC.
Adding bcIMC to our premier list of LMS clients demonstrates our ability to deliver Canadian GAAP along with the necessary OSFI requirements.
The Company also announced that it has entered into an investment agreement (the "Investment Agreement") with two wholly-owned subsidiaries of British Columbia Investment Management Corporation (together, "bcIMC
") under which bcIMC
has agreed to purchase $100 million principal amount of convertible debentures of the Company ("Private Debentures") having economic terms similar to those of the Debentures (the "Firm Commitment").
With over $76 billion in assets under administration with a global exposure, and supported by industry-leading investment expertise, bcIMC
offers fund management services for all major assets classes, including currency and infrastructure investment.
We are attracted to this investment because of its strong base earnings and growth, and the focus on long-term, sustainable utility infrastructure solutions in an industry that requires substantial investment over the coming years," said Lincoln Webb, Vice President, Private Placements, of bcIMC