Investment Management Corp. of Ontario, Toronto, which manages C$70.3 billion ($53.3 billion) for Canadian public pension funds and other entities, committed a total C$1 billion to three middle-market buyout funds.
IMCO made commitments to Kohlberg Investors IX, managed by Kohlberg & Co.; Nordic Capital Fund X; and North Haven Capital Partners VII, managed by Morgan Stanley Capital Partners, according to a news release Wednesday.
IMCO spokeswoman Annette Robertson said the individual commitment amounts are not being disclosed.
As of Dec. 31, IMCO's actual allocation to private equity was 1.3%, or about C$1.9 billion, according to its website. The news release says IMCO plans its private equity portfolio to reach C$6 billion or more by 2025.