Canadian institutional investor Investment Management Corporation of Ontario (IMCO) Investments recruited Pierre-Frederic “Fred” Robert to bolster its infrastructure platform as it is looking to increase its exposure to direct investing in the asset class.
Robert brings nearly a decade’s worth of infrastructure experience to the table having previously done advisory work for Agentis Capital for two years and prior to that spent seven years as a manager for infrastructure investments for PSP Investments.
Robert will start with the firm on 27 January in its Toronto offices.
IMCO has CAD 65bn (USD 49.7bn) in AUM and has a 15% allocation with infrastructure. The pension fund manager has already invested CAD 6bn; IMCO estimates it will need to invest CAD 5bn over the next five years for clients to fully realize the benefits of infrastructure investing. This could grow as IMCO adds additional clients in Toronto.