38:
29:
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255:. The report stated BCI's investments in fossil fuel companies were "both a moral failing and a financial risk" and that BCI should divest from them and reinvest in more sustainable companies. A spokesperson of BCI stated that BCI looked at investments that generated reliable returns which included companies in the oil and gas industry but that didn't mean it was ignoring the Paris Agreement.
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1147:
262:
strategy had a one-year return of 29.6% and a five-year return of 21.5%. This was a result of transitioning to direct investments which started in 2016. In the same year, BCI announce it would target CA$ 5 billion of cumulative investments in sustainability bonds by 2025 as part of its
1057:
635:
1231:
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reported that more than $ 3 billion of BCI's investments were in the top 200 publicly traded oil and gas companies according to a report. This was in contrast to Canada's commitment
1221:
1130:
277:
In 2022, BCI opened an office in New York. It was also announced that are currently plans to open an office in London by the end of 2023 to expand operations into Europe.
227:
It started by managing assets previously managed by
British Columbia's Ministry of Finance. BCI was modeled after other Canadian pension plan investment managers such as
628:
450:
1216:
264:
228:
704:
280:
For its 2023 fiscal year, BCI reported a 3.5% return which beat the benchmark of 0.3%. The gains were mainly from private assets which included private equity.
238:
to manage real estate investments. This was in line with other
Canadian pension plan investment managers which also had their own real estate investment arms.
524:
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created BCI to provide investment management services to
British Columbia's public sector pension plans and other Crown entities through the 1999
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In May 2023, due to rising tensions between Canada and China, BCI paused all further investments in China.
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200:
105:
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989:
837:
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648:
248:
63:
892:
807:
684:
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319:"Canada (Attorney General) v. British Columbia Investment Management Corp. - SCC Cases"
259:
252:
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999:
984:
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852:
613:
208:
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which are in both public and private markets. The majority of its investments are in
204:
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In March 2022, BCI stated it would divest from
Russian companies in response to the
1112:
1037:
1009:
954:
847:
73:
897:
525:"British Columbia's public sector pension fund divesting from Russian companies"
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832:
550:"B.C. pension manager posts positive return in 2022 despite market turbulence"
151:
49:
451:"Report urges B.C.'s public sector pension funds to divest from fossil fuels"
959:
473:"After planting a flag in NYC, BCI private equity sets its sights on Europe"
243:
662:
373:"BCI private equity outperforms last year, continues push to directs"
109:
498:"British Columbia Pension Seeks $ 4 Billion in Green Bonds by 2025"
576:"A $ 158 Billion Canada Pension Manager Hits Pause on China Deals"
617:
133:
203:’s public sector pensions plans. It invests in multiple
301:"BCI Annual Report - 2022-2023 Corporate Annual Report"
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is a
Canadian company established by way of the 1999
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189:British Columbia Investment Management Corporation
22:British Columbia Investment Management Corporation
1232:Financial services companies established in 1999
1222:Companies based in Victoria, British Columbia
629:
8:
1131:Private equity and venture capital investors
398:"BCIMC takes real estate into its own hands"
21:
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1103:Taxation of private equity and hedge funds
920:Private investment in public equity (PIPE)
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20:
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1217:Canadian companies established in 1999
229:Caisse de dépôt et placement du Québec
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366:
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1227:Canadian federal Crown corporations
471:Falconer, Kirk (January 11, 2023).
449:Lindsay, Bethany (June 25, 2018).
199:to provide investment services to
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523:Singh, Kanishka (March 2, 2022).
344:"Public Sector Pension Plans Act"
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423:Morris, Meghan (June 17, 2016).
371:Falconer, Kirk (July 27, 2021).
225:Public Sector Pension Plans Act.
221:Legislature of British Columbia
197:Public Sector Pension Plans Act
180:Footnotes / references
903:Publicly traded private equity
1:
1212:1999 establishments in Canada
1171:List of venture capital firms
136:233 billion (March 2023)
16:Canadian pension fund manager
1151:List of private equity firms
908:Business Development Company
425:"A separate piece for bcIMC"
272:Russian invasion of Ukraine
123:Gordon Fyfe (CEO & CIO)
85:; 25 years ago
42:Headquarters at 750 Pandora
1248:
995:High-net-worth individuals
785:Leveraged recapitalization
191:which uses the trade name
1121:
883:Limited liability company
843:Venture capital financing
790:Dividend recapitalization
234:In July 2016, BCI formed
178:
35:
26:
121:Peter Milburn (Chairman)
950:Institutional investors
236:QuadReal Property Group
157:QuadReal Property Group
1088:Liquidation preference
1053:Distribution waterfall
1005:Sovereign wealth funds
1161:Venture capital firms
913:Venture capital trust
251:that aimed to tackle
1141:Private equity firms
869:Private equity firms
818:Post-money valuation
695:Equity co-investment
348:www.bclaws.gov.bc.ca
1191:Portfolio companies
1108:Undercapitalization
960:Insurance companies
878:Limited partnership
823:Pre-money valuation
504:. February 19, 2021
142:Number of employees
23:
1043:Capital commitment
813:Business incubator
780:Buy–sell agreement
554:The Globe and Mail
402:The Globe and Mail
219:In July 1999, the
1199:
1198:
1048:Capital structure
933:
932:
775:Divisional buyout
770:Management buyout
765:Financial sponsor
323:scc-csc.lexum.com
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990:Commercial banks
980:Investment banks
888:Carried interest
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656:Investment types
638:
631:
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615:
610:
609:
607:Official website
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201:British Columbia
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146:711 (March 2023)
106:British Columbia
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1181:Angel investors
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1068:High-yield debt
1021:financial terms
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838:Startup company
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748:
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699:
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649:venture capital
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556:. June 27, 2023
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305:uberflip.bci.ca
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258:In 2021, BCI's
249:Paris Agreement
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1000:Family offices
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985:Merchant banks
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893:Management fee
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808:Angel investor
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645:Private equity
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599:External links
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582:. May 11, 2023
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404:. June 2, 2016
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260:private equity
253:climate change
241:In June 2018,
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83:July 1999
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965:Fund of funds
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955:Pension funds
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853:Venture round
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713:Early history
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581:
580:Bloomberg.com
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502:Bloomberg.com
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209:North America
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205:asset classes
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39:
34:
30:
25:
19:
1113:Vintage year
1038:Capital call
1010:Crowdfunding
945:Corporations
848:Venture debt
584:. Retrieved
579:
570:
558:. Retrieved
553:
544:
532:. Retrieved
528:
518:
506:. Retrieved
501:
492:
480:. Retrieved
476:
454:
444:
432:. Retrieved
428:
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406:. Retrieved
401:
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380:. Retrieved
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351:. Retrieved
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326:. Retrieved
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196:
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152:Subsidiaries
98:Headquarters
74:Pension fund
60:Company type
18:
975:Foundations
898:Pledge fund
690:Secondaries
1206:Categories
1063:Envy ratio
970:Endowments
833:Seed money
747:Terms and
586:October 5,
560:October 5,
534:October 5,
508:October 5,
482:October 5,
434:October 5,
408:October 5,
382:October 5,
353:October 5,
328:October 5,
287:References
267:strategy.
215:Background
117:Key people
50:Trade name
1033:Cap table
938:Investors
862:Structure
680:Mezzanine
668:Leveraged
1083:Leverage
1019:Related
749:concepts
455:CBC News
244:CBC News
102:Victoria
70:Industry
1093:M&A
800:Venture
705:History
675:Venture
529:Reuters
477:Buyouts
377:Buyouts
163:Website
90:1999-07
88: (
80:Founded
64:Private
1058:EBITDA
757:Buyout
685:Growth
663:Buyout
110:Canada
873:funds
738:2020s
733:2010s
728:2000s
723:1990s
718:1980s
925:SPAC
871:and
828:SAFE
647:and
588:2023
562:2023
536:2023
510:2023
484:2023
436:2023
429:PERE
410:2023
384:2023
355:2023
330:2023
193:BCI,
170:.bci
134:CA$
1098:PME
1078:IRR
1073:IPO
1028:AUM
265:ESG
172:.ca
168:www
129:AUM
55:BCI
1208::
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527:.
500:.
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463:^
453:.
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363:^
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108:,
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637:e
630:t
623:v
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307:.
92:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
