Firm announces private equity commitment to
Northleaf IG European PE Holdings
WINNIPEG, MB, Dec. 19,
2023 /CNW/ - IG Wealth Management (IG) today
announced the addition of a private investment mandate in the
iProfile International Equity Private Pool, which aims to provide
enhanced diversification through exposure to investments in
privately held companies.
To facilitate this investment, IG has made a commitment to gain
private equity exposure via Northleaf IG European Private Equity
Holdings. This further strengthens IG's ability to provide clients
with access to the private markets space, which includes other
private equity commitments through BlackRock, Northleaf Capital
Partners, Portage Ventures and Sagard, as well as private credit commitments
through Northleaf Capital Partners, the Pacific Investment
Management Company (PIMCO) and Sagard Credit Partners.
"We're pleased to continue our expansion of private assets to
our iProfile solutions, offering our clients greater opportunities
for diversification," said Florence
Narine, Head of Investment Solutions, IG Wealth Management.
"As we continue to expand our extensive product shelf, we're
excited to build on our collaboration with Northleaf, leveraging
their world-class private markets expertise to deliver innovative
portfolio solutions and provide diversified exposure to a number of
best-in-class fund managers that would not otherwise be directly
accessible for most retail investors."
The iProfile Private Portfolios are managed solutions that
provide individuals with the same wealth management and
diversification opportunities as large pools of capital, such as
institutional investors, including pension funds. They are designed
to provide enhanced diversification among different asset classes
and management styles. The Portfolios can meet a wide range of
investing priorities, including protecting capital, providing
income and focusing on growth.
Commissions, fees and expenses may be associated with mutual
fund investments and the use of iProfile Managed Asset Program.
Read the prospectus and speak to an IG Consultant before
investing. Mutual funds are not guaranteed, values change
frequently and past performance may not be repeated. An asset
allocation service, iProfile is a managed asset program for clients
with a minimum of $250,000 invested
in the iProfile program.
About IG Wealth
Management
Founded in 1926, IG Wealth Management is a national leader in
delivering personalized financial solutions to Canadians through a
network of consultants located across Canada. In addition to an exclusive family of
mutual funds and other investment vehicles, IG offers a wide range
of other financial services. IG Wealth Management has nearly
$118.5 billion in assets under
management as of November 30, 2023,
and is a member of the IGM Financial Inc. (TSX: IGM) group of
companies. IGM Financial is one of Canada's leading diversified wealth and asset
management companies with approximately $234
billion in total assets under management as of November 30, 2023.
SOURCE IG Wealth Management