The BMO Partners Group Private Markets Fund will invest in a mix of infrastructure, real estate, private equity and private credit, with an emphasis on assets outside Canada
is joining with Swiss-based private equity firm Partners Group AG to launch a private-asset investment fund aimed at giving a large swath of wealthy Canadians easier access to markets dominated by the largest investors.
With an approximate target balance of 40-per-cent real assets – skewing toward infrastructure, along with real estate – and 40-per-cent private equity, the fund is being pitched as a simple way to add private assets to a portfolio of stocks and bonds with a single investment. And it is targeting annual returns of 10 to 12 per cent, averaged out over time.
This next fund follows the same playbook. Partners Group – which manages US$135-billion in assets and tailors investment products for more than 800 institutional investors, including major Canadian pension funds – brings the investing and fund management know-how, and BMO can tap its huge network of wealthy clients and investment advisers to expand the fund’s reach.
With its new fund, BMO is aiming to lower the barrier to entry to private markets. Investors can buy in monthly with a minimum of $25,000 and no need to wait for their capital to be called by a fund manager. It is eligible for investments in registered accounts such as retirement savings plans. And there are monthly redemption windows, with adequate notice, up to limits of 7.5 per cent per month, or 25 per cent per year.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BMO Centre expansion project on schedule to open for 2024 Stampede - Calgary | Globalnews.caCMLC and the Calgary Stampede are gearing up for the last year of construction on the BMO Centre expansion in Calgary’s emerging Culture and Entertainment District.
Read more »
BMO Convention Centre taking shape as demand for in-person meetings rebounds post-pandemicThe BMO Convention Centre expansion, still a year away from completion, is already making a difference in attracting conferences to Calgary.
Read more »
BMO Convention Centre taking shape one year from target openingThe BMO Convention Centre expansion, still a year away from completion, is already making a difference in attracting conferences to Calgary.
Read more »
50 Hilarious Boyfriends And Husbands Who Never Fail To Make Their Partners Laugh (New Pics)50 Hilarious Boyfriends And Husbands Who Never Fail To Make Their Partners Laugh (New Pics) Hilarious oyfriends
Read more »
OC Transpo ditches iPhone app, partners with 'Transit' appOC Transpo is retiring its iOS app, effective immediately, and partnering with the 'Transit' app to provide riders with bus and train information.
Read more »