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Who We Are

British Columbia Investment Management Corporation (BCI)
is one of Canada’s largest institutional investors, managing $295 billion in gross assets as of March 31, 2025. Headquartered in Victoria, British Columbia, with offices in Vancouver, New York City, and London, U.K., BCI manages a diversified global portfolio of public and private market investments for British Columbia public sector pension and institutional clients.

BCI was established in 2000 by the provincial government to secure the financial futures of British Columbia’s public sector. Today, we’re one of Canada’s largest asset managers—and we’re just getting started.

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 B

Gross assets under management

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Pension plan beneficiaries

1 in 
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British Columbia households impacted

The BCI Advantage

Investment Strength
  • Integrated investment management, administrative, and advisory services deliver higher value for clients than siloed providers
  • Private asset pool structure with no waiting period for investment
  • Internal trade management minimizes market impacts and client rebalancing, reduces T+X settlement dates
  • Substantial investment in client education
  • Cost recovery model results in lower fees than commercial managers
  • Internal Market — cross trades in funds, save on transaction fees
Differentiated Offering
  • Integrated investment management, administrative, and advisory services deliver higher value for clients than siloed providers
  • Private asset pool structure with no waiting period for investment
  • Internal trade management minimizes market impacts and client rebalancing, reduces T+X settlement dates
  • Substantial investment in client education
  • Cost recovery model results in lower fees than commercial managers
  • Internal Market — cross trades in funds, save on transaction fees
ESG Commitment
  • Integrated investment management, administrative, and advisory services deliver higher value for clients than siloed providers
  • Private asset pool structure with no waiting period for investment
  • Internal trade management minimizes market impacts and client rebalancing, reduces T+X settlement dates
  • Substantial investment in client education
  • Cost recovery model results in lower fees than commercial managers
  • Internal Market — cross trades in funds, save on transaction fees
global-approach

Local Purpose, Global Approach

Rooted in our local purpose, and now with a global reach, BCI manages investments for 32 public sector clients, including pension funds, insurance funds, and special purpose funds, and an Indigenous settlement trust. Our returns help pensions remain secure, insurance commitments are honoured, Indigenous communities are supported, and government programs for arts, sports, training and sustainable development thrive.

 

Learn More About Our Clients

BCI Over The Years

What drives our success? We embrace change. As markets evolve and new opportunities emerge, we stay agile, innovative, and focused on what matters: delivering results for our clients.

  • 2000

    BCI was created under the
Public Sector Pension Plans Act

    BCI was established as an independently managed corporation to place the investment agency at arm’s length from government to avoid potential conflicts that may develop between government policy and the management of public sector trust funds.

  • 2001

    Revised Proxy Voting 
Guidelines

    BCI uses proxy voting as a tool to drive ESG improvements. Our Guidelines set BCI’s expectations regarding the governance practices of the companies in which we invest as well as how they address environmental and social risks.

  • 2005

    Infrastructure Program was established

    The Infrastructure program was established to offer clients the ability to gain long-term exposure to global infrastructure assets.

  • 2013

    Renewable Resources 
program begins

    The Renewable Resource Investment Fund was established to invest in forestry, agriculture, and other renewable assets. In 2020, Infrastructure and Renewable Resources assets were consolidated into the Infrastructure & Renewable Resources programs for efficiency and streamlined reporting.

  • 2013

    First green bond investment

    BCI made its first green bond investment, aligning with our strategy of seeking value-adding sustainable opportunities. To date, we have invested in over $6 billion in sustainability-labelled bonds, underscoring BCI’s commitment to risk-adjusted returns and sustainable investing.

  • 2016

    BCI embarks on its transformation

    BCI's newly appointed CEO/CIO Gordon J. Fyfe introduced a business plan focusing on enhancing investment strategies, internalizing asset management, and rebuilding BCI’s base, marking the start of BCI's transformation into an active, in-house global asset manager.

  • 2017

    QuadReal Property Group was formed

    QuadReal Property Group, a global real estate investment, development, and management company, was established as a wholly-owned subsidiary of BCI, allowing us to internalize and streamline asset management.

  • 2018

    Private Debt program was introduced

    We expanded our credit products with a Private Debt Fund offering clients diversification and superior risk- adjusted returns.

  • 2019

    Global Partnership Fund (GPF) was launched

    The GPF, an actively managed global equities fund, was introduced to enhance clients’ risk-adjusted returns by combining traditional equity selection and absolute return (AR) strategies. The first AR investment took place in November 2019. The AR strategy aims to generate positive returns regardless of market conditions, improving client returns while protecting their capital.

  • 2019

    The Funding Program was launched

    With the launch of the Funding Program, we made leverage accessible for clients, providing for broader asset mix options and facilitating more diversified portfolios.

  • 2022

    Private Equity program expands into New York office

    As a long-term, global investor, we established a local Private Equity team in the largest global investment hub to foster new relationships and generate additional investment opportunities.

  • 2023

    BCI’s first bond issuance

    The Funding Program expanded with the issuance of unsecured debt, evolving from short-term repurchase agreements to provide greater liquidity and diversification.

  • 2024

    Infrastructure & Renewable Resources opens London office

    BCI Infrastructure & Renewable Resources team opened its first office outside North America in London, U.K., providing a solid foundation to originate and manage investments in the U.K. and Europe.

  • 2025

    Celebrating 25 years of investing

    We celebrate 25 years of investing with $295B in assets under management. Over the years, we have internalized and diversified our investments across multiple asset classes, transitioning from nearly 90% in Public Equities and Fixed Income funds to now having 53% in diverse Private Markets.

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