AGF CAPITAL PARTNERS
Contact: Taras Klymenko, Managing Director, Institutional
Address: 81 Bay Street, 39th Floor, Toronto, ON, M5J 0G1
PH: 416-786-0870
Email: taras.klymenko@agfcapitalpartners.com
Web: agf.com/capitalpartners/
Alternatives management provided to: Pension plans, endowments and foundations, family offices
Alternatives asset classes: Private debt, private equity, hedge funds, venture capital
Alternative AUM for Canadian institutional investors: Approximately $14.4B in alternative AUM and fee-earning assets across affiliate managers*
Manager style: Private equity – mid-market buyout, growth equity, sector-focused opportunities; private credit – direct lending, opportunistic credit, special opportunities/specialty finance, sector-focused opportunities; absolute return – tactical alpha (multi-strategy hedge), customized solutions; venture capital – early-stage seed and Series A, later-stage venture, sector-focused opportunities
Alternative investment professionals: 62 across affiliate managers
Established: 2023 (as the alternatives business division of AGF Management Limited)
Minimum investment: Case specific and set per mandate
*AGF Capital Partners affiliate manager AUM includes Kensington Capital Partners Limited, New Holland Capital, LLC, and SAF Group. Affiliate manager AUM may not be consolidated into AGF Management Limited’s reported AUM
ALLIANCEBERNSTEIN LP
Contact: Steven Arts,
VP Managing Director
Address: 20 Bay Street, North Tower, Suite 1203,
Toronto, ON,
M5J 2J2
PH: 647-375-2805
Email: steven.arts@alliancebernstein.com
Web: https://www.alliancebernstein.com/americas/en/institutions/home.html
Alternatives management provided to:
Canadian pension plans, 9;
Canadian foundations, 1
Total Canadian alternatives clients:10
Alternatives asset classes:
Direct real estate, $3,020M;
private debt, $51,681M;
long/short equities, $2,072M;
indirect real estate, $910M;
private equity, $2,162M;
hedge funds, $7,590M;
multi-asset/GTAA, $143,386M;
7. Alternative AUM for Canadian institutional investors: $570M
Manager style: AllianceBernstein (AB) employs a multifaceted management style for its alternative investments, real estate, and exchange-traded funds (ETFs), focusing on a combination of rigorous research, active management, and a commitment to risk management
Ownership structure:Principals, 9%;
Publicly held, 23%
Third party 68%
Third-party owners:
Equitable Holdings, Inc.
Alternative investment professionals: 191
Established: 1971
Minimum investment:
Pooled, 10M;
separate, varies
BGO
Contact: Yvonne Davidson, Managing Director, CRIR
Address: One York, Toronto, ON, M5J 0B6
PH: 347-268-1757
Email: yvonne.davidson@bgo.com
Web: bgo.com
Alternatives management provided to: Canadian pension plans, 108; Canadian foundations, 14; Canadian endowments, 13
Total Canadian alternatives clients: 160
Alternatives asset classes: Direct real estate, $124,026M
Alternative AUM for Canadian institutional investors: $29,709M
Manager style: Active management
Ownership structure: BGO is a part of SLC Management (SLC), the alternative asset management business of Sun Life Financial Inc. (Sun Life). Sun Life controls SLC Management, with senior leaders of SLC Management owning up to 25% of the economic interest in SLC Management. Sun Life is headquartered in Canada. No individual owns more than 10% of SLC Management.
Alternative investment professionals: 580
Established: 1911
Minimum investment: Pooled, $1M; separate, $10M
CANFIRST CAPITAL MANAGEMENT
Contact: Mark Braun,
Executive VP
Address: 20 Eglinton Avenue West, Suite 1400,
Toronto, ON,
M4R 1K8
PH: 416-924-9009
Email: mbraun@canfirst.com
Web: https://www.canfirst.com/
Alternatives management provided to:
Canadian pension plans, 10; Canadian foundations, 1; Canadian endowments, 1
Total Canadian alternatives clients: 12
Alternatives asset classes:
Direct real estate, $1,120,378,133M
Alternative AUM for Canadian institutional investors:
$917,679,173M
Manager style: CanFirst Capital Management is a Canadian commercial real estate private equity firm that focuses on acquiring and operating industrial and select commercial properties across core and secondary markets in Canada, with disciplined underwriting and a long-term value creation focus. They manage a suite of funds, including core/core+ income-oriented funds, value-add growth funds, and development funds, targeting stable cash flow, capital preservation, and attractive risk-adjusted returns for institutional and accredited investors. Their strategy emphasizes sourcing opportunities through market relationships, acquiring properties at attractive yields relative to replacement cost, and actively managing assets (including leasing and redevelopment) to enhance performance. Overall, CanFirst aims to generate consistent long-term income and capital appreciation in Canada’s industrial real estate sector by combining disciplined investment processes with proactive asset management
Ownership structure:
Principals, 100%
Alternative investment professionals: 14
Established: 2002
Minimum investment:
Pooled, $10,000,000M;
separate, 10,000,000M
CENTURION APARTMENT REIT
Contact: Centurion Asset Management Inc.
Address: 25 Sheppard Avenue West, Suite 1800, Toronto, ON, M2N 6S6a
PH: 888-992-5736
Email: invest@centurion.ca
Web: centurion.ca
Alternatives asset classes: Direct real estate (multi-residential apartments, student housing, medical offices, mortgage and equity investments)
Alternative AUM for Canadian institutional investors: Approximately $7.8B
Manager style: Active real estate investment management
Ownership structure: Privately held (Centurion Asset Management Inc. is privately owned and manages the REIT)
Established: 2009 (REIT inception)
Minimum investment: $25,000 initial investment
CIBC ASSET MANAGEMENT
Contact: Carlo DiLalla, Managing Director & Head, Institutional Asset Management
Address: 161 Bay St., Ste. 2230, Toronto, ON,
M5J 2S1
PH: 416-980-2768
Email: carlo.dilalla@cibc.com
Web: cibcam-institutional.com
Alternatives management provided to: Canadian pension plans, 18; Canadian endowments, 2
Total Canadian alternatives clients: 20
Alternatives asset classes: Private debt, $108,615,165; multi-asset/GTAA, $589,546,235; currency overlay, $18,403,418,860; alternative credit, $179,748,283
Alternative AUM for Canadian institutional investors: $19,101.6M
Manager style: Top-down macroeconomic fundamental process integrating quantitative inputs with qualitative research
Ownership structure: Third-party, 100%. CIBC Asset Management Inc. is a wholly owned subsidiary of the Canadian Imperial Bank of Commerce (CIBC), a widely held, publicly traded company.
Alternative investment professionals: 53
Established: 1972
Minimum investment: Pooled, $10M; separate, $25M
CONNOR, CLARK & LUNN FINANCIAL GROUP LTD.
Contact: Jean-Philippe Lemay, Managing Director, Head of Institutional Sales, Global
Address: 1800 McGill College Avenue, Suite 1300, Montreal, QC, H3A 3J6
PH: 514-287-0110
Fax: 514-287-9176
Email: jplemay@cclgroup.com
Web: cclgroup.com
Alternatives management provided to: Canadian pension plans, 101; Canadian foundations, 48; Canadian endowments, 4
Total Canadian alternatives clients: 313
Alternatives asset classes: Direct real estate, $6,561.20M; private debt, $496M; long/short equities, $8,574.50M; infrastructure, $3,318.16M; private equity: $443.71M; multi-asset/GTAA, $2,064.70M
Alternative AUM for Canadian institutional investors: $21,458.27M
Manager style: Active – market neutral, long/short, portable alpha strategies; core, growth, value: infrastructure (traditional and energy); middle market: private equity, real estate (core plus real estate, commercial mortgages, opportunistic closed-end real estate strategy), long/short strategy; growth: private debt
Ownership structure: Principals, 100%
Alternative investment professionals: 231
Established: 1982
Minimum investment: Pooled, $5M–$10M; separate, $10M–$300M
(Note: Includes one client in the Crestpoint Real Estate Strategy that represents 130 aggregate employee accounts and one client from the Crestpoint Mortgage Strategy that represents 155 aggregate employee accounts from CC&L Financial Group. Includes one client in the CC&L Infrastructure Strategy that represents over 160 aggregate employee investments, representing between $5M and $10M of total assets. Infrastructure net AUM excludes undrawn capital amounts)
CONNOR, CLARK & LUNN INFRASTRUCTURE
Contact: Jean-Philippe Lemay, Managing Director, Head of Institutional Sales, Global
Address: 1800 McGill College Avenue, Suite 1300, Montreal, QC, H3A 3J6
PH: 514-287-0110
Fax: 514-287-9176
Email: jplemay@cclgroup.com
Web: cclinfrastructure.com
Alternatives management provided to: Canadian pension plans, 31; Canadian foundations, 27; Canadian endowments, 2
Total Canadian alternatives clients: 82
Alternatives asset classes: Infrastructure, $3,318.16M
Alternative AUM for Canadian institutional investors: $3,318.16M
Manager style: Core/core plus/grow-to-core
Ownership structure: Principals, 100%
Alternative investment professionals: ~45
Established: 2005
Minimum investment: Pooled, $5M (or less at CC&L Infrastructure’s discretion); separate accounts not currently offered, but co-investment opportunities are periodically available for specific infrastructure investments of varying sizes
(Note: Includes one client in the CC&L Infrastructure Strategy that represents over 160 aggregate employee investments, representing between $5M and $10M of total assets. Net AUM excludes undrawn capital amounts)
CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD.
Contact: Jean-Philippe Lemay, Managing Director, Head of Institutional Sales, Global
Address: 1800 McGill College Avenue, Suite 1300, Montreal, QC, H3A 3J6
PH: 514-287-0110
Fax: 514-287-9176
Email: jplemay@cclgroup.com
Web: cclinvest.com
Alternatives management provided to: Canadian pension plans, 11; Canadian foundations, 4; Canadian endowments, 2
Total Canadian alternatives clients: 45
Alternatives asset classes: Long/short equities, $8,219.40M; multi-asset/GTAA, $2,064.70M
Alternative AUM for Canadian institutional investors: $10,284.10M
Manager style: Active – market neutral, long/short, portable alpha strategies; core, growth, value
Ownership structure: Principals, 100%
Alternative investment professionals: 112
Established: 1982
Minimum investment: Pooled, $10M; separate, $15M–$300M
CRESTPOINT REAL ESTATE INVESTMENTS LTD.
Contact: Jean-Philippe Lemay, Managing Director, Head of Institutional Sales, Global
Address: 1800 McGill College Avenue, Suite 1300, Montreal, QC, H3A 3J6
PH: 514-287-0110
Fax: 514-287-9176
Email: jplemay@cclgroup.com
Web: crestpoint.ca
Alternatives management provided to: Canadian pension plans, 59; Canadian foundations, 17
Total Canadian alternatives clients: 171
Alternatives asset classes: Direct real estate, $6,561.20M
Alternative AUM for Canadian institutional investors: $6,561.20M
Manager style: Core plus real estate, commercial mortgages, opportunistic closed-end real estate strategy
Ownership structure: Principals, 100%
Alternative investment professionals: 52
Established: 2011
Minimum investment: Pooled, $5M; separate, available in varying sizes
(Note: Includes one client in the Crestpoint Real Estate Strategy that represents 130 aggregate employee accounts and one client from the Crestpoint Mortgage Strategy that represents 155 aggregate employee accounts from CC&L Financial Group. Crestpoint groups endowment and foundation clients together)
DESJARDINS GLOBAL ASSET MANAGEMENT
Contact: Natalie Bisaillon, Managing Director and Chief of Institutional Client Relations
Address: 1, Complexe Desjardins, 20th Floor, South Tower, Montréal, QC, H5B 1B2
PH: 514-214-5742
Fax: 514-281-7253
Email: natalie.bisaillon@desjardins.com
Web: dgam.ca
Alternatives asset classes: Direct real estate, $3,530,685,966; infrastructure, $6,952,855,045
Ownership structure: Desjardins Global Asset Management is part of the Desjardins Movement, a financial services cooperative that belongs to its members
Established: 1989
FIERA CAPITAL CORPORATION
Contact: Sarah Aves, Head of Institutional Clients, Canada
Address: 200 Bay Street, Suite 3800, South Tower, Toronto, ON, M5J 2J1
PH: 416-364-3711
Email: globaldistributionanalytics@fieracapital.com
Alternatives management provided to: Canadian pension plans, 91; Canadian foundations, 93; Canadian endowments, 105
Total Canadian alternatives clients: 2,694
Alternatives asset classes: Direct real estate, $5,829.25M; private debt, $4,196.93M; infrastructure, $2,213.48M; private equity, $917.70M; agriculture and timberland, $1,692.26M
Alternative AUM for Canadian institutional investors: $10,514.22M
Alternative investment professionals: 133
Established: 2003
Minimum investment: Pooled, $5M;
separate, $20M
FRANKLIN TEMPLETON
Contact: Dennis Tew, Head of Sales, Canada
Address: Franklin Templeton, Toronto, ON,
M5H 3T4
PH: 416-957-6023
Email: dennis.tew@franklintempleton.ca
Web: franklintempleton.ca
Alternatives asset classes: Private debt, $1,477.2M; indirect real estate, $3,543.4M; infrastructure, $13.7M; private equity, $1,249.2M; hedge funds, $307.3M; real assets, $5.5M Alternative AUM for Canadian institutional investors: $6,596.4M
Manager style: Various investment styles across seven distinct alternatives investment manager teams
Ownership structure: Principals, 36%; publicly held, 64%
Alternative investment professionals: 495
Established: 1947
Minimum investment: Pooled, varies by strategy; separate, varies by strategy
GWL REALTY ADVISORS
Contact: Steven Marino, Executive Vice President, Portfolio Management
Address: 33 Yonge Street, Toronto, ON, M5E 1G54
PH: 416-507-2878
Fax: 416-361-0028
Email: steven.marino@gwlra.com
Web: gwlrealtyadvisors.com
Alternatives asset classes: Direct real estate, $15.864B
Manager style: Core Canadian investment strategy predicated upon acquisition, development, and management of high-quality, income-generating real estate with the potential for capital appreciation over time. Portfolio construction is shaped by exposure to key economic drivers, enduring locations, and a diversified asset mix of institutional-grade properties
Ownership structure: Publicly held, 100%: wholly owned by Canada Life, which is a subsidiary of Great-West Lifeco
Alternative investment professionals: 748
Established: 1993
Minimum investment: Pooled, $5M
PH&N INSTITUTIONAL (RBC GAM INC.)
Contact: John Skeans, Managing Director
Address: 200 Burrard St – 20th Floor, Vancouver, BC, V6C 3N5
PH: 604-408-6000
Fax: 604-685-5712
Email: jskeans@phn.com
Web: institutional.rbcgam.com
Alternatives management provided to: Canadian pension plans, 61; Canadian endowments, 25
Total Canadian alternatives clients: 151
Alternatives asset classes: Direct real estate, $722.03M; private debt, $6,387.43M; long/short equities, $22.46M; infrastructure, $151.89M; hedge funds, $1,093.96M
Alternative AUM for Canadian institutional investors: $8,377.76M
Manager style: Direct real estate, mortgages, infrastructure/private placement debt, hedge funds – multi-strategy, hedge funds – fund of funds, infrastructure, Canadian and US/world equity (long/short and market neutral), direct lending*, global macro*, distressed debt*, emerging market debt – absolute return*, investment grade bond – absolute return* (*Managed by BlueBay Asset Management LLP)
Ownership structure: PH&N Institutional is a division of RBC Global Asset Management Inc., which is 100% owned by Royal Bank of Canada
Alternative investment professionals: 17
Established: 1964
Minimum investment: Pooled – varies depending on mandate (minimum fee of $75,000 p.a.); separate – varies depending on mandate (minimum fee of $150,000 p.a.)
PICTET ASSET MANAGEMENT
Contact: François Forget, Head of Distribution – Canada
Address: 1000 de la Gauchetière West, Suite 3100, Montreal, QC, H3B 4W5
PH: 514-518-8587
Email: fforget@pictet.com
Web: am.pictet
Alternatives management provided to: Canadian pension plans, 1
Total Canadian alternatives clients: 1
Alternatives asset classes: Hedge funds, $2M
Alternative AUM for Canadian institutional investors: $2M
Manager style: Hedge funds (artificial intelligence (AI), Asian event-driven, distressed and special situations, emerging markets relative value, Europe directional, Europe market-neutral; global directional, global market-neutral, Greater China directional, multi-strategy); private equity (entrepreneur capital, co-investments, environmental co-investments, multi-strategy, thematic); real estate (European value add, European core plus, global multi-manager) and private debt (European private debt, private credit evergreen)
Ownership structure: Principals, 100%
Alternative investment professionals: 151
Established: 1980 (parent in 1805)
Minimum investment: Pooled, $1M; separate, $50M
PICTON INVESTMENTS
Contact: Ralph Daghfal, CFA, Senior Vice President, Institutional Business
Address: 33 Yonge Street, Toronto, ON, M5E 1G4
PH: 438-469-5323
Email: rdaghfal@pictoninvestments.com
Web: pictoninvestments.com/en
Alternatives management provided to: Canadian pension plans, 2; Canadian foundations, 1
Total Canadian alternatives clients: 7
Alternatives asset classes: Long/short equities, $6,469M; hedge funds, $2,651M; multi-asset/GTAA, $2,255M; other, $2,724M
Alternative AUM for Canadian institutional investors: $17.4B
Manager style: Active
Ownership structure: Principals, 100%
Alternative investment professionals: 58
Established: 2004
Minimum investment: Pooled, $10M;
separate, $25M
RPIA
Contact: Liam O’Sullivan,
Co-head of Client & Product Solutions
Address: 39 Hazelton Ave.,
Toronto, ON,
M5R 2E3
PH: 647-776-1777
Email: liam.osullivan@rpia.ca
Web: rpia.ca
Alternatives management provided to:
Canadian pension plans, 2;
Canadian foundations,6;
Canadian endowments,1
Total Canadian alternatives clients: 1,548
Alternatives asset classes: Hedge funds, $6.9B
Alternative AUM for Canadian institutional investors: $94M
Manager style: Active corporate credit manager with a focus on fundamental analysis, offering both benchmark-relative and absolute-return strategies
Ownership structure:
Principals,100%
Alternative investment professionals: 34
Established: 2009
Minimum investment:
Pooled, $25,000;
separate, $100M
SLC Management
Contact: Véronique Lauzière, Senior Managing Director, Head of Canadian Business Development and Client Relationships
Address: 1 York St., Suite 1100, Toronto, ON,
M5J 0B6; 1155 rue Metcalfe, Montréal, QC, H3B 2V6
PH: 438-342-1226
Email: veronique.lauziere@slcmanagement.com
Web: slcmanagement.com
Alternatives management provided to: Canadian pension plans, 66; Canadian foundations, 2; Canadian endowments, 3
Total Canadian alternatives clients: 135
Alternatives asset classes: Private debt, $106,476M; infrastructure, $19,000M; commercial mortgages, $854M
Alternative AUM for Canadian institutional investors: $14,032M
Manager style: SLC Management’s primary source of value-add within its fixed income teams is credit analysis. The firm typically does not take active interest rate positions. InfraRed is an international infrastructure asset manager that invests in infrastructure critical to the functioning of societies, from wind farms and solar parks to fibre optic communications and mobile phone towers. Crescent Capital Group is a global credit investment manager specializing in the active management of below-investment-grade public and private credit portfolios.
Ownership structure: Sun Life Capital Management (Canada) Inc., Sun Life Capital Management (U.S.) Ltd, Crescent Capital Group LP, and InfraRed Capital Partners are SLC Management companies that are indirect wholly owned subsidiaries of Sun Life Financial Inc., a publicly traded company listed on the Toronto, New York, and Philippine stock exchanges under the ticker symbol SLF.
Alternative investment professionals: 258+
Established: 2013
Minimum investment: Pooled, varies by fund; separate, varies
(Note: SLC Management is the brand name for the institutional asset management business of Sun Life Financial Inc. (Sun Life), under which Sun Life Capital Management (US) LLC in the United States and Sun Life Capital Management (Canada) Inc. in Canada operate. BentallGreenOak (BGO), Crescent Capital Group LP (Crescent), and InfraRed Capital Partners (InfraRed) are also part of SLC Management. AUM as of December 31, 2025. AUM is the combined AUM of Sun Life Capital Management (Canada) Inc., Crescent Capital Group LP, and InfraRed. AUM includes unfunded commitments, cash, equity, and other balances and excludes assets under administration. The methodologies used to compile the total AUM are subject to change and may not reflect regulatory AUM. More information is available upon request)
TD GLOBAL INVESTMENT SOLUTIONS
Contact: Mark Cestnik, Managing Director
Address: 161 Bay St., Toronto, ON, M5J 2T2
PH: 416-274-1742
Email: mark.cestnik@tdam.com
Web: tdgis.com
Alternatives management provided to: Canadian pension plans, 176; Canadian foundations, 1; Canadian endowments, 32
Total Canadian alternatives clients: 277
Alternatives asset classes: Direct real estate, $20,765,520,386.11; private debt, $11,096,052,848.63; infrastructure, $3,370,765,057.62; other, $127,064,933.34
Alternative AUM for Canadian institutional investors: $35,359,403,225.70
Ownership structure: TD Global Investment Solutions represents TD Asset Management Inc. (TDAM) and Epoch Investment Partners, Inc. (TD Epoch). TDAM and TD Epoch are affiliates and wholly owned subsidiaries of the Toronto-Dominion Bank.
Alternative investment professionals: 84
Established: 1987
Minimum investment: Pooled, $5M;
separate, $500M