Staff
Toronto-based CI Financial Corp. announced the launch of alternative investment manager Axia Real Assets LP on Tuesday.
The new joint venture between CI and Axia’s four founding partners will focus on global real estate and infrastructure investments, according to a release.
“CI believes that alternative mandates can play a vital role in helping investors meet their financial goals in an increasingly complex and challenging investment environment,” CI CEO Kurt MacAlpine said in a statement.
Axia’s partners Kelsey Boland, Darrell Shipp, Greg Stevenson and Joshua Varghese have managed over $50 billion combined in investments in real assets on behalf of institutional and retail clients, the release said.
CI Financial Announces Launch of Axia Real Assets, an Investment Manager Specializing in Global Real Estate and Infrastructure
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CI Financial and industry veterans co-launch real estate investment firm
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CI Financial launches global real estate, infrastructure joint venture
CI Financial launches global real estate, infrastructure joint venture
Bloomberg
CI Financial announced the launch of Axia Real Assets, a joint venture which will invest in global real estate and infrastructure, a news release said Tuesday.
CI Financial has a 50% stake in the new firm, and its four founding partners own the balance, spokesman Murray Oxby said in an email.
CI will provide seed money to Axia to start new investment funds, but the amount isn t being disclosed, Mr. Oxby said.
Three of the four founding partners
Kelsey Boland, Darrell Shipp and