Portfolio at a Glance

BCI is a global investor that seeks investment opportunities in quality assets. We invest patient capital in stable companies that produce consistent cash flow and appreciate over time. We invest for the long-term, utilizing the scale of assets under management to our advantage. As an active asset manager, we use sophisticated strategies to increase the probability of meeting our clients’ actuarial rate of return.

Global Distribution of Assets Under Management

As at March 31, 2025

SEE FOOTNOTE


1 India is classified as an emerging market economy under the geographic aggregations reported.

CANADA
37.8%
BCI OFFICE LOCATIONS

Victoria & Vancouver
UNITED STATES
38.9%
BCI OFFICE LOCATION

New York
EUROPE
12.6%
BCI OFFICE LOCATION

London
ASIA PACIFIC
3.1%
BCI PRESENCE

Mumbai1
EMERGING MARKETS
7.6%

Assets Under Management

For the periods ended March 31 (in billions)

Net
|
BCI’s Funding Program and Other Leverage1, 2

1 The Funding Program includes clients’ investment liabilities achieved through government bond repurchase agreements and unsecured bond issuance.

2 Other Leverage consists of (1) Real Estate Debt and Equity recourse debt directly issued by QuadReal Property Group and (2) BCI and QuadReal Property Group Real Estate Debt and Equity uncollateralized derivative liabilities. BCI began reporting other leverage in fiscal 2025.

0
2000
0
0
0
0
0
2005
0
0
0
0
0
2010
0
0
0
0
0
2015
0
0
0
0
0
0
2020
0
0
0
0
0
0
0
0
0
0
2025
Assets Under Management

For the year ended March 31, 2025

Public Markets$ BILLION%
Fixed Income$84.6 BILLION33.6%
Public Equities$59.5 BILLION23.6%
Other Strategies1$1.2 BILLION0.5%
Private Markets$ BILLION%
Real Estate Equity$51.8 BILLION20.6%
Private Equity$33.6 BILLION13.3%
Infrastructure & Renewable Resources$32.2 BILLION12.8%
Private Debt$20.0 BILLION7.9%
Real Estate Debt$12.1 BILLION4.8%
TOTAL GROSS AUM$295.0 BILLION117.2%
Funding program$(25.7) BILLION(10.2)%
Other Leverage2$(17.6) BILLION(7.0)%
TOTAL NET AUM$251.6 BILLION100.0%

1 Other strategies include cash and centralized currency management program.
2 Other Leverage consists of (1) Real Estate Debt and Equity recourse debt directly issued by QuadReal Property Group and (2) BCI and QuadReal Property Group Real Estate Debt and Equity uncollateralized derivative liabilities.