PRIVATE MARKET INVESTMENTS

THE NEXT FRONTIER

Enhanced diversification from traditional markets


Public markets are more interconnected than ever before, making it challenging to diversify, reduce volatility and find performance potential in any market.

Private market investments open a new world of investment opportunities. Through investments in private equity, venture capital, private credit, private infrastructure and private real estate, investors gain the potential to lower portfolio volatility, improve diversification and enhance both risk-adjusted and total returns over the long term.

In 2023, we launched two fund-of-fund products providing diversified exposure to growth- or income- oriented private market strategies, with the convenience of single-ticket solutions with low investment minimums.

CI PRIVATE MARKETS

GROWTH FUND


Designed to provide long-term capital growth, this fund of funds invests primarily in a globally diversified portfolio of private equity, venture capital, private credit, private infrastructure, private real estate and other private market funds.

 

 

For accredited investors interested in diversifying their growth potential with private market opportunities.

 

CI PRIVATE MARKETS

INCOME FUND


Designed to provide similar returns to public markets with far less volatility, this fund of funds invests primarily in income-producing assets like private credit, private equity, private real estate, private infrastructure, royalty funds and other private market funds.

 

 

For accredited investors interested in diversifying their growth potential with private market opportunities.

 

WHY CI PRIVATE MARKETS SOLUTIONS



Our single-ticket solutions offer accredited investors access to the potential advantages of private markets. CI Private Markets Growth Fund and CI Private Markets Income Fund (the funds) now offer greater fee clarity, improved liquidity and quarterly distributions. Key features of the funds include:

Democratized access

CI Private Markets Growth Fund and CI Private Markets Income Fund are single-ticket, fund-of-fund solutions that provide exposure to a diversified set of private market funds managed by leading and emerging private market managers.

Managed liquidity

A streamlined and managed liquidity sleeved is used to effectively manage redemption and capital calls, minimizing their impact on the rest of the portfolio.

Registered plan eligibility

Including registered retirement savings plans, registered retirement income funds, deferred profit-sharing plans, registered education savings plans, registered disability savings plans, tax-free savings accounts and first home savings accounts.

Diversified exposure to private market managers

As of June 2024, CI Private Markets Growth Fund invests in thirteen different underlying managers, while CI Private Markets Income Fund invests in nine different underlying managers.

Holistic private markets management

The funds are comprehensive private market solutions, encompassing manager sourcing, due diligence, asset allocation, portfolio construction, liquidity management, and ongoing manager oversight.

Scaled, institutional-grade solutions

CI GAM’s scale provides access to private market managers and preferential fee structures that would be difficult for individual investors to achieve.

Fee certainty

CI GAM has capped the all-in-management fee of the Series F version of each fund to provide better transparency and fee certainty. For CI Private Markets Growth Fund Series F, the capped all-in-management fee is 1.63%. For CI Private Markets Income Fund Series F, the capped all-in-management fee is 1.53%.1

 CI Private Markets Growth FundCI Private Markets Income Fund
Series F management Fee
(top fund)
0.80%0.65%
Series F capped all-in management fee
(top fund + bottom funds)
1.63%1.53%


1The Series F capped all-in management fee applies solely to management fees and does not cover operating expenses, performance fees, carried interest payments or taxes. No performance or incentives fees are payable directly to CI GAM by the Funds. The capped all-in management fee is for Series F only and does not apply to Series I or Series W units. For accredited investors only.

MEET THE PRIVATE MARKETS TEAM

Experienced portfolio management


CI GAM is supported by a dedicated and experienced 20+ person private markets team that assists in manager sourcing and manager due diligence.

Marc-André Lewis, PhD

Marc-André Lewis, PhD

President and Chief Investment Officer

As President and Chief Investment Officer, Mr. Lewis leads CI Global Asset Management and oversees the continued development of the firm’s integrated global investment platform.

Mr. Lewis has over 20 years of global investing experience and has held senior leadership positions at several organizations, including two of the world’s largest institutional investors. His diverse experience spans asset allocation, portfolio construction, risk management, public and private markets, and fundamental and quantitative strategies.

Prior to joining CI GAM in September 2021, Mr. Lewis was Head of Portfolio Construction at the Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds. His responsibilities included strategic asset allocation, quantitative research and alternative indexing activities, as well as sitting on the executive and tactical asset allocation committees for its Strategy and Planning Department.

Prior to ADIA, Mr. Lewis was Senior Vice-President and Deputy Chief Risk Officer at Caisse de dépôt et placement du Québec (CDPQ), where he led a team that analyzed and monitored the risks of both public and private investments in the CDPQ portfolio. He was also a member of the CDPQ asset allocation committee. Mr. Lewis’s previous positions also included Senior Vice-President, Risk Management – Fixed Income and Overlay Strategies at CDPQ and Senior Vice-President, Fixed Income at Natcan Investment Management, where he oversaw a team managing $16 billion in Canadian and global fixed-income assets.

He holds a PhD in theoretical physics from Pierre and Marie Curie University (now Sorbonne University), and an M.Sc. in theoretical physics and a B.Sc. in mathematics and physics from Université de Montréal.

Geof Marshall, CFA

Geof Marshall, CFA

SVP, Head of Fixed Income & Lead – Private Markets

Geof Marshall, SVP, Head of Fixed Income & Lead – Private Markets, joined CI GAM in 2006 and leads the fixed income team and private markets group. Geof is also the lead manager on CI GAM’s income strategies and co-manages the private markets and income & growth funds as well as a number of multi-asset fixed income portfolios. He brings over 25 years of valued industry experience to his role at CI GAM, especially in asset allocation and analyzing, managing, and trading corporate bonds, leveraged loans, and private credit. Prior to CI GAM, Geof was a portfolio manager at Manulife Financial. Geof is a CFA charterholder with a Bachelor of Arts in Political Science from the University of Western Ontario. He is also a member of the CFA Society Toronto and chairs the Investment Committee at the Royal Ontario Museum where he also serves on the Board of Governors.

Andrey Vasilyev

Andrey Vasilyev

Director – Risk and Portfolio Analytics

Andrey is part of the CI GAM Portfolio Risk and Analytics team providing portfolio managers with quantitative support in the asset allocation and risk management space, as well as directly assisting with investment decisions and portfolio construction for new product launches. Prior to joining CI GAM in 2015, Andrey worked at Ontario Teachers' Pension Plan as an investment analyst on the equity trading desk. At Teachers’, he focused on derivative analysis, building analytical tools, quantitative support and trade risk analytics for top-down, value-add strategies. Andrey started his career in the investment industry in 2010 at National Bank of Canada, after obtaining his M. Fin. in Mathematical Finance from Wilfrid Laurier University. Andrey also holds a B.Sc. in applied mathematics and computer science from Belarusian State University.

Paul Platkin, CFA

Paul Platkin, CFA

Head of Due Diligence – CI Financial

Paul leads our due diligence and sourcing efforts for private investments at CI Financial. Among Paul’s more than 30 years of investment experience, he was previously co-CIO, CI RegentAtlantic. Prior to that, Paul served as CIO at Hillview Capital, Gruss & Co., and Robeco-Sage Capital Management (subsequently Arden-Sage, after its acquisition). Paul began his financial career at General Motors, where he spent almost a decade working at both the Treasurer’s Office and General Motors Asset Management, a $90 billion pension manager. Paul holds an MBA in finance and international business from Columbia Business School and a BSBA in finance from Georgetown University.

Peter Watson

Peter Watson

SVP, Head of Alternatives – CI Financial

Peter is the Head of Alternatives at CI Financial. He oversees sourcing, diligence, and administration on behalf of CI’s combined $500 billion, investing in trusted third-party managers to deliver on clients’ goals. Prior to joining CI, Peter served as a partner at Boston Consulting Group, where he was a leader in the asset and wealth management practice. Peter previously led data and Canadian product strategy for WisdomTree Asset Management. Peter started his career at McKinsey & Company and holds a PhD from Scripps Research and a BA from Carleton College.

Brian Huen, CFA

Brian Huen, CFA

SVP, Portfolio Manager & Head of Investment Advisory

Brian Huen, Senior Vice-President, Portfolio Manager & Head of Investment Advisory, joined CI GAM in 2015. He brings over 25 years of valued industry experience to his role and team as co-portfolio Manager on CI North American Opportunities Liquid Alternative fund and Head of the Investment Advisory Group. Prior to joining CI GAM, Brian was a Managing Partner, Portfolio Manager, and Head of Trading at a long/short hedge fund affiliated with CI Investments. Before that, he was an Executive Director and Head of Hedge Funds Sales at CIBC Capital Markets. Brian is a CFA charterholder and holds an Honors in Business Administration degree and Master of Business Administration from the Ivey Business School at the University of Western Ontario. He is also Treasurer and Board Member at The Heights Ski & Country Club.

FURTHER INVESTMENT OPPORTUNITIES

Knowledge and experience


CI GAM offers a comprehensive suite of private markets investments for investors looking to gain exposure to this exciting asset class. Our suite combines our own knowledge and experience with that of longstanding managers in the private markets space, whose deep networks and information advantage support their aim of driving better portfolio outcomes.

CI Global Asset Management logo

CI Global Private Real Estate Fund


Seeks to provide stable dividend income and capital appreciation, while offering investors a way to benefit from a leading global real estate firm. The fund makes direct and indirect investments in real estate and real estate-related assets in Europe, the Americas and the Asia Pacific region.

Adams Street logo

CI Adams Street Global Private Market Fund


Seeks attractive long-term capital appreciation through a diversified portfolio of private equity and credit instruments from around the world selected for their potential to provide best-in-class private growth opportunities.

To learn more, reach out to your CI sales team.

Harbourvest logo

CI HarbourVest Private Infrastructure Income Fund


Seeks attractive long-term capital appreciation by providing exposure to a portfolio of mature, high-quality stable infrastructure assets.

To learn more, reach out to your CI sales team.

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The contents of this web page are not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security discussed. Potential purchasers should carefully review the Fund’s Offering Memorandum and should consult with their own professional advisors regarding the financial, legal and tax consequences of any investment before making any decision. The performance of the mandates is not guaranteed, the values change frequently, and past performance may not be repeated. Past performance is not a reliable indicator of future performance. You should not rely on past performance to make investment decisions. Certain statements contained in this communication are based in whole or in part on information provided by third parties and CI GAM has taken reasonable steps to ensure their accuracy.

The Funds are not subject to rules and regulations that apply to publicly offered mutual funds, including restrictions intended to create diversification and liquidity in the Funds’ portfolio and certain ongoing public reporting requirements. Potential purchasers should carefully review the section entitled “Risk Factors” in each Fund’s Offering Memorandum before making any decision to subscribe for units.

The Funds are only being made available to “accredited investors” or pursuant to such other exemptions from the prospectus requirements under applicable securities legislation.

Certain names, words, titles, phrases, logos, icons, graphics, or designs in this document may constitute trade names, registered or unregistered trademarks or service marks of CI Investments Inc., its subsidiaries, or affiliates, used with permission. All other marks are the property of their respective owners and are used with permission.

Who is eligible to purchase CI HarbourVest Private Infrastructure Fund?
CI HarbourVest Private Infrastructure Income Fund is only offered to Canadian accredited investors who are also (i) “qualified purchasers”, as defined in the U.S. Investment Company Act of 1940, which includes an individual or a family-owned business that owns $5 million USD or more in investments (after subtracting any indebtedness incurred to make such investments), (ii) “accredited investors” as defined in Regulation D of the U.S. Securities Act, and (ii) not a “U.S. Person” as defined in Regulation S of the U.S. Securities Act.