Sovereign Wealth Funds
The Alaska Permanent Fund, Explained
America's largest sovereign-type fund — how Alaska turned oil royalties into an $89bn endowment that pays every resident a dividend, and the structural fight over its future.
Topic
Explainers
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Institutional Investing
What Is Private Credit Market Size
The private credit market has grown to $1.2–$1.3 trillion in deployed assets. We examine market sizing, allocator participation, and structural drivers shaping this asset class.
Institutional Investing
Infrastructure Debt, Explained
Infrastructure debt funds essential physical assets and offers institutional investors stable, long-duration returns. We explain how asset owners deploy capital, assess credit risk, and structure allocations.
Pension Funds
BCI (British Columbia Investment Management Corporation), Explained
BCI is British Columbia's largest pension and institutional asset manager, overseeing $224.2 billion across defined-benefit and defined-contribution plans. We examine its governance structure, investment approach, and impact on the Canadian pension landscape.
Pension Funds
PSP Investments, Explained
PSP Investments manages CA$233 billion for Canadian public sector employees. A detailed breakdown of its mandate, governance structure, and institutional role in North American pension capital allocation.
Pension Funds
AIMCo (Alberta Investment Management Corporation), Explained
AIMCo is Canada's largest pension fund manager by AUM. We explain its governance structure, investment mandate, and role in Alberta's institutional capital ecosystem.
Pension Funds
The Canadian Model of Pension Investing, Explained
No approach to institutional investing has been more widely copied than the Canadian model. Here is how it works, why it outperformed, what stress it is under, and what it means for global capital.
Pension Funds
What Is a Longevity Swap? Pension Risk Transfer Explained
Pension funds face a risk that is difficult to diversify away: members living longer than expected. A longevity swap is the primary financial tool for transferring that risk to an insurer or reinsurer.
Pension Funds
National Pension Service (NPS) of Korea, Explained
South Korea's NPS crossed $997 billion in 2025 and is systematically shifting toward global equities and private markets. Here is how this third-largest pension fund in the world invests.
Pension Funds
OMERS, Explained: Canada's Municipal Employee Pension Giant
OMERS manages retirement savings for Ontario's municipal sector workers. Here is how it invests, what drove its 6% return in 2025, and how it differs from other Canadian pension giants.
Pension Funds
Ontario Teachers' Pension Plan (OTPP), Explained
Ontario Teachers' Pension Plan pioneered direct private market investing. Here is how the fund is structured, what changed in 2025, and why it remains a benchmark for pension fund management.
Pension Funds
CDPQ, Explained: Quebec's Global Pension and Infrastructure Giant
How CDPQ manages Quebec's collective savings, where it invests globally, and why it has become a blueprint for large-scale direct infrastructure and private markets investing.
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