Trans-Canada Capital Inc., Montreal, committed a total of $110 million to opportunistic corporate and structured credit strategies managed by Pretium Partners, confirmed Nahed Sabri, director of investments.
It is an additional investment in Pretium strategies by Trans-Canada, which manages the assets of Air Canada's Canadian pension plan as well as other asset owners.
Ms. Sabri would not provide further information. A spokesman for Pretium said Trans-Capital Canada has made commitments to multiple pooled vehicles, the names of which he said are not being disclosed. Trans-Canada Capital has C$23 billion ($17.3 billion) in assets under management.
