September 25, 2025
A name change to reflect the department’s evolution since its inception over 20 years ago
After more than two decades of growth and evolution, BCI’s Public Markets department is changing its name to Capital Markets & Credit Investments. The change represents the breadth, expertise, and sophistication of the investment strategies the team has built over BCI’s nearly 26-year history.
What began as a small team in 2000 has grown into a dynamic, multi-faceted group managing more than $165 billion in assets. A key milestone in this evolution is the strategic shift toward internal management capabilities, rising from 57 per cent internally managed assets in 2015 to more than 85 per cent today. This agile approach supports internal innovation, differentiates BCI’s team, generates greater client value, and demonstrates our commitment to building world-class in-house expertise.
The program has successfully navigated multiple market cycles by maintaining defensive positioning with strategic sector allocations and establishing robust liquidity frameworks years in advance. ESG principles have also been integrated directly into investment analysis and decision-making processes, reflecting BCI’s recognition that environmental, social, and governance practices can materially impact investment performance.
Today, the Capital Markets & Credit Investments department oversees a global portfolio that spans public equities, absolute trading strategies (through the Partnership Portfolio), derivatives trading and indexing, fixed income, foreign exchange, and private debt, while also managing BCI’s Funding Program and overseeing BCI’s ESG strategy. The private debt component alone has grown significantly since its launch in 2018 with the Principal Credit Fund now representing a $20 billion allocation.
“This change reflects the evolution of our department. Capital Markets & Credit Investments better captures who we are today: a dynamic, forward-looking team that continues to grow and innovate. This new department name honours everything we’ve built and signals where we are headed,” said Daniel Garant, Executive Vice President, Global Head of Capital Markets & Credit Investments.
As public and private markets strategies converge, the Capital Markets & Credit Investments team’s agility and expertise enable BCI to identify and capitalize on unique investment opportunities across the capital spectrum, delivering stronger outcomes for the clients we serve.
While the department’s name has evolved, its core mission remains unchanged: delivering strong, risk-adjusted returns for BCI’s clients through diverse investment strategies.
