The Alberta Investment Management Corporation (AIMCo) has expanded its global presence with a new office in New York, bringing its total to seven offices worldwide. This move, including offices in Edmonton, Calgary, Toronto, London, Luxembourg, and Singapore, aims to enhance AIMCo’s investment capabilities, particularly in growing its private credit portfolio.

“Our physical presence in important financial markets like New York greatly enhances how we source, evaluate, and ultimately execute on investments to further diversify our asset mix for the clients we serve,” said Evan Siddall, chief executive officer, AIMCo. “We have a significant client mandate to grow our private credit portfolio, and having a team based in Manhattan will also help us accelerate our efforts in this key asset class.” The New York office is expected to provide AIMCo with access to talent and sector-specific knowledge.