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Alberta Investment Management Corporation (AIMCo)

Company Summary

Description

AIMCo is one of Canada’s largest and most diversified institutional investment managers with more than $90 billion of assets under management. AIMCo was established on January 1, 2008 with a mandate to provide superior long-term investment results for its clients. AIMCo operates at arms-length from the Government of Alberta and invests globally on behalf of 31 pension, endowment and government funds in the Province of Alberta.

Website

http://www.aimco.alberta.ca/

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Company Transactions

Date: 5/26/2020
Type: Acquisition

BUYERS:
  • Kohlberg Kravis Roberts & Co. L.P. (KKR)
  • Alberta Investment Management Corporation (AIMCo)
    • SELLERS:
  • TC Energy Corporation
    • PROJECTS:
  • Coastal GasLink Pipeline
    • DETAILS:

    COST: 600 $MM

    NOTES:
    AIMco and KKR have acquired a 65% stake in TC Energy's Coastal GasLink Pipeline Project via a consortium. Concurrent with this sale, TC expects to enter into a secured project financing construction credit facility to fund 80% of construction costs. Both transactions are slated to close in mid-2020.
    REGIONS:
  • Canada

    • Date: 9/30/2019
    Type: Acquisition

    BUYERS:
  • Alberta Investment Management Corporation (AIMCo)
    • SELLERS:
  • TC Energy
    • ASSETS:
  • Northern Courier Pipeline
    • DETAILS:

    COST: 1.15 $B

    NOTES:
    TC Energy entered into an agreement to sell an 85% equity interest in Northern Courier Pipeline to Alberta Investment Management Corporation. The gross proceeds to TC Energy are projected to be roughly $1.15 billion.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 9/30/2017
    Type: Acquisition

    BUYERS:
  • Alberta Investment Management Corporation (AIMCo)
  • The AES Corporation
    • SELLERS:
  • Sustainable Power Group, LLC
    • DETAILS:

    COST: 1577 $MM

    REGIONS:
  • United States

    • Date: 2/15/2017
    Type: Acquisition

    BUYERS:
  • Alberta Investment Management Corporation (AIMCo)
    • SELLERS:
  • EnLink Midstream Partners, LP
  • Howard Energy Partners
    • DETAILS:

    COST: 190 $MM

    NOTES:
    EnLink is selling a 31% stake in Howard Energy Partners to AIMco
    REGIONS:
  • Marcellus Shale
  • Eagle Ford
  • Gulf Coast