BMO Global Asset Management announced its third collaboration to broaden access to private markets for Canadian accredited investors. The new strategy, in partnership with Carlyle, will provide access to a global diversified private equity portfolio through a single fund, expected to be available this spring.

Carlyle is a global investment firm with deep industry expertise that deploys private capital across its business and conducts its operations through three business segments: Global Private Equity; Global Credit; and Global Investment Solutions (AlpInvest). The firm had $426 billion of assets under management as at December 31, 2023.

“We are excited to work with Carlyle to simplify investing in private equity, which has historically been the highest returning segment of private markets,¹” said Jeffrey Shell, Head of Alternatives, BMO GAM. “The private equity asset class provides exposure to privately held companies that are drawn from the 80 per cent of the economy that is not publicly traded², and traditionally has been available only to large institutional investors. Together with Carlyle, we are focused on product design that puts the experience of Canadian accredited investors front and centre; this includes allowing monthly subscriptions at relatively low investment minimums and eliminating the need for capital calls, which are a standard feature of funds that are created for institutional investors.”

“We are delighted to collaborate with BMO GAM in what is a significant milestone for Carlyle’s wealth business in Canada, as we continue to broaden our reach in the channel globally,” said Shane Clifford, Head of Carlyle Wealth Strategy. The solution, which is through our AlpInvest platform, will offer accredited investors in Canada direct access to a global portfolio of secondary, co-investment, and primary opportunities providing investors with diversified exposure to the private markets.”

Source: BMO