{"id":18431,"date":"2020-05-20T15:00:16","date_gmt":"2020-05-20T19:00:16","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/imco-committing-us250-million-to-credit-fund-146195"},"modified":"2020-05-20T15:00:16","modified_gmt":"2020-05-20T19:00:16","slug":"imco-committing-us250-million-to-credit-fund","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/05\/20\/imco-committing-us250-million-to-credit-fund\/","title":{"rendered":"IMCO committing US$250 million to credit fund"},"content":{"rendered":"<div class=\"alignleft clearfix\">\n<div class=\"wp-caption feature-image alignleft\"> <img decoding=\"async\" loading=\"lazy\" width=\"316\" height=\"190\" src=\"https:\/\/www.benefitscanada.com\/wp-content\/uploads\/2017\/03\/Investment_Liquidity_iStock.png\" class=\"attachment-feature size-feature wp-post-image\" alt title=\"IMCO committing US$250 million to credit fund\"> <\/div>\n<\/p><\/div>\n<p class=\"byline\"> <span>Staff<\/span>&nbsp;|&nbsp;May 20, 2020 <\/p>\n<p>The Investment Management Corp.&nbsp;of Ontario is committing US$250 million to Apollo Global Management Inc.\u2019s&nbsp;new Accord Fund III series B.<\/p>\n<p>The fund is focused&nbsp;on acquiring credits that have traded down&nbsp;due to liquidity-driven selling and non-economic reasons. \u201cThis is an example of IMCO adapting to market conditions and exploiting our liquidity very quickly so that clients have access to dislocated opportunities as they arise,\u201d&nbsp;said Jennifer Hartviksen, managing director of global credit at the IMCO, in a press release.<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/imco-reaches-more-than-70-billion-aum-in-2019-145578\">IMCO reaches more than $70 billion AUM in 2019<\/a><\/strong><\/p>\n<p>Notably, the&nbsp;IMCO recently launched a global credit program with the aim of&nbsp;achieving higher risk-adjusted returns than traditional fixed income, as well as further diversification benefits.<\/p>\n<p>\u201cAs our program scales, we are initially relying on experienced strategic partners,\u201d said Christian Hensley, senior managing director of private equities and credit at the IMCO, in the release. \u201cThe investment in this fund is an example of the types of opportunities we\u2019re pursuing \u2014 investments with sponsors that we believe have deep expertise, delivering diversifying and differentiating exposures, who are transparent, opportunistic and value-oriented.\u201d<\/p>\n<p>The IMCO\u2019s global credit team closed the commitment with Apollo in April.<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/imco-focusing-on-liquidity-cost-efficiency-amid-coronavirus-crisis-146066\">IMCO focusing on liquidity, cost-efficiency amid coronavirus crisis<\/a><\/strong><\/p>\n<p> <a href=\"https:\/\/www.benefitscanada.com\/news\/imco-committing-us250-million-to-credit-fund-146195\">Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Staff&nbsp;|&nbsp;May 20, 2020 The Investment Management Corp.&nbsp;of Ontario is committing US$250 million to Apollo Global Management Inc.\u2019s&nbsp;new Accord Fund III series B. The fund is focused&nbsp;on acquiring credits that have traded down&nbsp;due to liquidity-driven&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18431"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=18431"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18431\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=18431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=18431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=18431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}