Firm unveils new mandate within Canadian equity private pool with corresponding investment in tech- and health care-focused fund
With investors increasingly looking for ways to protect their portfolios against the risks of rising rates and inflation, IG Wealth Management has enhanced one of its key offerings with additional exposure to an alternative asset class.
IG has introduced a new private investment mandate to its iProfile Canadian Equity Private Pool. Through investments in privately held companies, the new mandate aims to provide investors with enhanced diversification as well as potential capital appreciation over the long term.
Through its iProfile program IG offers investors a variety of managed solutions that align with their individual preferences, investment objectives, risk tolerances, and time horizons.
Individuals in the program benefit from the same institutional wealth management and opportunities for diversification – encompassing different asset classes, geographies, market caps, and management styles, as well as private markets – enjoyed by large pools of capital, such as pension funds.
"We're committed to making iProfile an ideal investment option for our mass affluent and high-net-worth clients, and as such, we are pleased to be adding to the existing private investments we have been integrating within the Program," said Jon Kilfoyle, senior vice president at IG Investments.
Pursuant to the new mandate, IG has also announced an initial private equity investment by the pool in a new growth fund that targets investments in the technology and health care sectors. The fund is being launched by Northleaf Capital Partners, a prominent alternative investment manager that Mackenzie Investments announced a strategic partnership with in October last year.
"With the specific commitment to Northleaf's growth fund, we expect our clients to benefit from Northleaf's proven network and track record in its venture capital and growth equity platform," Kilfoyle said.