New Toronto hub brings Australian pension capital closer to Canada's institutional investors
Australia’s pension capital is on track to become the world’s second largest by 2035 – and IFM Investors is positioning itself closer to that capital’s Canadian partners by opening a new office in Toronto.
IFM Investors, a global private markets manager founded by Australian superannuation funds, describes the Toronto office as a “significant milestone” in its expanding global footprint and as reinforcement of its “long-term commitment to Canada.”
The firm is one of the largest infrastructure investors globally, with assets under management of approximately $242bn as of October, managed on behalf of more than 800 institutional investors worldwide.
Across Canada, IFM serves more than 200 institutional clients, representing approximately $14.4bn in funds under management (FUM).
The new office is intended to improve local service and coordination for these investors and “unlock new growth opportunities across Canadian markets.”
“Opening a Toronto office reflects IFM’s growing global footprint and long‑term commitment to Canada,” said Ken Luce, executive director at IFM Investors.
He added that the new location will bring the firm closer to its clients, colleagues and portfolio companies, helping to foster collaboration, improve efficiency and deepen long‑term partnerships while it works to deliver value to Canadian investors.
IFM and Australian superannuation funds already partner with Canadian funds on infrastructure investments globally, drawing on the scale of Australia’s pension capital, which is projected to become the second largest in the world by 2035.
The firm points to an established Canadian track record through its infrastructure holdings.
Those investments include Enwave Energy Corporation (Enwave), described as a fully integrated district energy business that provides “innovative, sustainable heating and cooling solutions to more than 320 customers across multiple sectors in Canada.”
IFM also invests through GCT Global Container Terminals (GCT), operator of GCT Deltaport and GCT Vanterm at the Port of Vancouver.
Together, these two terminals “handle approximately 70 percent of the port's container volumes, strengthening Canada's position as a vital gateway for global trade.”
Luce frames these assets as central to IFM’s role in the Canadian market.
“IFM’s existing investments provide essential services that power and connect communities, while supporting local employment, economic growth, and environmental progress,” he said.
He added that opening a Toronto office will strengthen the firm’s ability to find new opportunities in Canada’s infrastructure and investment market, in ways he believes will benefit the country, support the global economyboot and help safeguard workers’ retirement savings.
