BCI
BCI manages $233.0 billion in assets for British Columbia's public sector, offering a diverse range of investment options globally.
Services
BCI provides a comprehensive range of investment management services tailored for British Columbia's public sector. As one of the largest asset managers in Canada, BCI offers investment options spanning public and private equity, infrastructure and renewable resources, fixed income and private debt, real estate equity, and real estate debt. The organization's expansive portfolio management services aim to help institutional clients secure financially stable futures for their beneficiaries. Moreover, BCI operates under a cost recovery model and does not receive financial aid or subsidies from external sources, ensuring that operations are sustained by the efficiency of their investment strategies.
Asset Management
BCI manages $233.0 billion in gross assets as of March 31, 2023, making it one of Canada's premier asset management entities. The firm invests globally across a diverse array of asset classes, including public and private equity, infrastructure, renewable resources, fixed income, private debt, real estate equity, and real estate debt. This diversified investment approach assists in providing stable returns, contributing to the financial security of BCI's institutional clients. BCI’s asset management capabilities are supported by their independently operated platform company, QuadReal Property Group, which specializes in managing real estate equity and debt.
Governance and Accountability
BCI's governance is structured in compliance with the Public Sector Pension Plans Act, featuring a board of seven directors. The firm emphasizes accountability, ensuring that all fund performance metrics are reported net of operating costs. The Chief Investment Officer is directly accountable to each client, whose investment returns and fund management are closely monitored to maintain transparency and trust. Clients voluntarily choose BCI as their investment manager and establish their investment policies and frameworks, underlining the organization's commitment to client autonomy and satisfaction.
Investment Clarity
BCI operates with a clear investment mandate focused on transparency and accountability. Clients are not mandated to use BCI; instead, they opt for the company's services voluntarily, reflecting confidence in BCI's expertise. The firm’s investment returns support institutional clients in building secure financial futures for their beneficiaries. Each client’s specific investment policy and management framework are instituted with direction from the client, with BCI providing expert guidance to achieve desired outcomes. BCI remains accountable for fund performance, ensuring that all operational costs are transparent and clearly reported.
Affiliated Entities
BCI operates the QuadReal Property Group, an independently managed platform company specializing in real estate equity and debt management. This affiliation underscores BCI’s strategic approach to diversifying investments within the real estate sector, enhancing their portfolio's robustness and alignment with long-term financial security goals for their clients. The integration of QuadReal Property Group's specialized services enables BCI to offer comprehensive investment management solutions encompassing both direct and indirect real estate investments.