July 6, 2021
To enhance our private equity program, on July 1, 2021, BCI finalized a property lease in New York City (NYC) to establish our first office outside of Canada.
We have significant capital to deploy directly and with partners to our targeted sectors, including healthcare, industrials, financial services, technology and telecommunications, and business and consumer services. As a long-term, global investor, BCI has existing investment partnerships in NYC. Establishing a local private equity team in the largest global investment hub will foster new relationships, while generating additional opportunities to invest capital through our direct and fund investment programs.
The opening of this office is an important step in our evolution and delivery of our purpose: to contribute to the financial retirement security of our clients’ more than 675,000 pension plan members and to allow our insurance clients to provide coverage for over 2.5 million workers and 240,000 registered employers, as well as provide auto insurance to B.C. motorists.
We anticipate a possession date in early 2022 and will share more details as work to establish the office progresses.
Ben O’Hara-Byrne, Senior Manager, External Stakeholder Engagement.