TORONTO, June 18,
2024 /CNW/ - CIBC (TSX: CM) (NYSE: CM) – CIBC Asset
Management Inc. (CAM) today announced that the CIBC KKR Global
Private Equity Strategy (the Fund), managed by CAM, is now
available for purchase. The Fund will provide Canadian accredited
investors with the opportunity to invest in KKR Private Equity
Conglomerate LLC (K‐PEC), a holding company that provides access to
global private equity opportunities and is managed by global
investment firm KKR.
K-PEC is an innovative, evergreen strategy that provides
investors with diversification across a variety of KKR's private
equity strategies including buyout, growth, global impact and core
private equity. Using the breadth of KKR's global reach, K-PEC aims
to curate attractive risk-adjusted private equity opportunities
that can be accessed through a single vehicle.
"We are very excited to establish this strategic partnership
with KKR, and to provide our clients with exclusive access to a
global leader in private equity investing," said David Scandiffio, President and CEO, CIBC Asset
Management. "Our strategic partnerships are designed to leverage
the scale of our firm and the expertise of leading global
alternative asset managers to offer exclusive access to investment
capabilities and solutions to Canadian investors."
For more information on CIBC Asset Management's investment
solutions, visit renaissanceinvestments.ca.
About CIBC
CIBC is a leading North American financial institution with 14
million personal banking, business, public sector and institutional
clients. Across Personal and Business Banking, Commercial Banking
and Wealth Management, and Capital Markets businesses, CIBC offers
a full range of advice, solutions and services through its leading
digital banking network, and locations across Canada, in the
United States and around the world. Ongoing news releases
and more information about CIBC can be found at
www.cibc.com/en/about-cibc/media-centre.html.
About CIBC Asset Management
CIBC Asset Management Inc. (CAM), the asset management
subsidiary of CIBC, provides a range of high-quality investment
management services and solutions to retail and institutional
investors. CAM's offerings include: a comprehensive platform of
mutual funds, strategic managed portfolio solutions, discretionary
investment management services for high-net-worth individuals, and
institutional portfolio management. CAM is one of Canada's largest asset management firms, with
over $227 billion in assets under
administration as of March 2024.
SOURCE CIBC