Current Investment Managers
We view our investment managers as valued partners in our management of the University of Toronto’s assets.
All external investment managers engaged by UTAM with more than CAD $1 million invested in aggregate on behalf of UTAM’s client portfolios are listed on this page, with the exception of a small number of managers that have requested that their names not be disclosed.
For core manager relationships (generally those with larger allocations), we have provided the location of the manager’s main office/headquarters, the date of UTAM’s first investment and a description of the manager. All other managers are listed at the bottom of the page.
AS OF JANUARY 1, 2025

AGG Capital Management
AGG Capital Management (AGGCM) is a fund management business focused on high-value segments of the European credit and real estate markets. AGGCM is part of the Arrow Global Group which was founded in 2005 and went public in 2013. Arrow Global is a leading European investor and asset manager in the non-performing and non-core assets sector.

AllianzGI
Allianz Global Investors (AllianzGI) is a leading active asset manager for individuals, families and institutions worldwide. AllianzGI invests for the long term and seeks to generate value for clients across public and private markets.

AMBIENTA
Ambienta is a pan-European environmental sustainability investor across private and public markets. Operating out of multiple European offices, Ambienta focuses on investing in private and public companies driven by environmental megatrends and whose products or services improve resource efficiency or pollution control.

AQR
AQR is a global investment management firm dedicated to delivering results for our clients. At the nexus of economics, behavioral finance, data and technology, AQR’s evolution over two decades has been a continuous exploration of what drives markets and how it can be applied to client portfolios. The firm is headquartered in Greenwich, Connecticut.

Arbour Lane Capital Management
Founded in 2016, Arbour Lane Capital Management is a private registered investment advisor focused primarily on opportunistic credit and special situation investments.

Ares Management
Founded in 1997, Ares Management is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. Ares seeks to provide flexible capital to support businesses and create value for our stakeholders and within our communities.

Arrowstreet Capital
Founded in 1999, Arrowstreet invests in public equity securities globally using a systematic investment process. Arrowstreet believes that markets are inefficient, and that a well-conceived investment process can generate superior risk adjusted returns. Furthermore, Arrowstreet believes that for information to be applicable in an active investment process it must be both relevant to share prices and slowly reflected in share prices.

Artisan Partners
Founded in 1994, Artisan is a global investment management firm that provides a broad range of value-added investment strategies in growing asset classes to clients around the world. The firm is committed to attracting experienced, disciplined investment professionals to manage client assets. Artisan’s autonomous investment teams oversee a range of investment strategies across multiple asset classes.

Bayview Asset Management
Founded in 1993, Bayview is an investment firm focused on mortgage and consumer credit, including residential, commercial, and consumer whole loans, asset-backed securities, mortgage servicing rights, and mortgage-related equities.

Beacon Capital Partners
Founded in 1998, Beacon is a private real estate investment firm focused on real estate development, ownership and management. Beacon invests in high-quality office properties in core urban markets in the US with highly-educated workforces. Beacon’s approach transforms these properties for today’s tenants.

Blackstone
Blackstone is one of the world’s largest alternative asset managers, with investment capabilities in private equity, real estate, public equity, infrastructure, life sciences, growth equity, liquid and private credit, real assets and secondary funds, all on a global basis.

Brookfield Asset Management
Founded in 1899, Brookfield is a global alternative asset manager, focused on investing in long-life, high-quality assets across real estate, infrastructure, and private equity. Brookfield’s investments include a portfolio of office properties, an infrastructure business, and a pure-play renewable power business.

Capital Fund Management
Founded in 1991, Capital Fund Management is an investment management firm whose strategies are based on a quantitative and systematic approach to financial markets. Their culture blends a mixture of the scientific backgrounds of researchers and IT engineers, supported by the firm’s corporate team.

Caxton
Caxton is a global macro investment firm headquartered in London, UK, with offices in New York, Singapore, Monaco and Dubai. Founded in 1983, Caxton seeks to deliver consistent absolute returns across all market environments via a range of investment vehicles.

Chorus Capital
Founded in 2011, Chorus Capital is an alternative credit manager focused exclusively on risk-sharing transactions with European and North American banks. The firm’s investment focus is primarily on investment grade, fully disclosed large corporate loan portfolios with a high level of diversification and granularity across borrowers, industries, countries and banks.

CIFC Asset Management
CIFC is a global credit manager founded in 2005. CIFC focuses across four disciplines — CLOs, structured credit, corporate credit and opportunistic credit.

Clearlake Capital Group
Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are industrials, technology, and consumer. The firm has offices in Santa Monica and Dallas.

Crestline Investors
Founded in 1997, Crestline Investors is an institutional alternative investment management firm specializing in credit and opportunistic investments, including financing and restructuring solutions for mature private equity funds. In addition, the firm manages a multi-PM equity market-neutral hedge fund, and provides beta and hedging solutions for institutional clients.

CRG
Founded in 2003, CRG is a healthcare-focused investment firm. CRG provides growth capital in the form of long-term debt and equity to support innovative, commercial-stage healthcare companies that address large, unmet medical needs. The firm invests across the healthcare spectrum, including: medical devices, biopharmaceuticals, tools & diagnostics, services and information technology.

Egerton Capital
Founded in 1994, Egerton is an independent investment management firm that manages two strategies (equity long/short and equity long-only) for a diversified client base. Egerton employs a fundamental, bottom-up, research-intensive approach to stock selection. The firm’s investment objective is to achieve attractive risk-adjusted returns over time well in excess of equity market indices by adding significant value through stock selection. The investment universe is liquid, large-cap equities and the portfolio is invested across all major geographies, sectors and industry groups.

Ellington Global Asset Management, LLC
Ellington Global Asset Management, together with its affiliate Ellington Management Group L.L.C., is an investment and advisory firm founded in 1994. Ellington’s core investment competency spans residential and commercial mortgages, structured credit, consumer loans, corporate credit and asset backed securities.

EMK Capital
Founded in 2015, EMK Capital is an independent private equity firm based in London, United Kingdom. EMK is focused on investing in businesses where it can support management teams in achieving transformational growth and change.

Fourth Sail Capital
Founded in 2019 as a spin-out from an established emerging markets asset management firm, Fourth Sail Capital is a boutique asset manager focused on investment opportunities throughout Latin America. Fourth Sail employs a rigorous fundamental bottom-up investment approach, but also follows local and global macroeconomics and politics closely in order to manage downside risks.

Francisco Partners
Francisco Partners is a global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch in 1999, Francisco Partners has invested in hundreds of technology companies, making it one of the leading investors in the technology industry.

Generation Investment Management
Generation Investment Management is a pure-play sustainable investment manager. Since its founding in 2004, Generation has played a pioneering role in the development of sustainable and environmental, social and governance (ESG) investing. Generation’s mission is to ensure that sustainable investing drives the transformative change required for a net-zero, prosperous, equitable, healthy and safe society.

H.I.G. Capital
H.I.G. Capital is a global alternative investment firm, with a focus on the mid cap segment of the market. For over 30 years, the H.I.G. platform has created long-term value across a range of strategies including private equity, growth equity, direct lending, special situations credit, real estate, infrastructure, and biohealth. H.I.G. specializes in providing both debt and equity capital to mid-sized companies, utilizing a flexible and operationally focused/ value-added approach.

Impax Asset Management
Founded in 1998, Impax Asset Management is a specialist asset manager focused on investing in the opportunities that arise from the transition to a more sustainable global economy. Across investment portfolios, Impax seeks to invest in higher quality companies with strong business models that demonstrate sound management of risk.

LightBay Capital
Founded in 2017, LightBay is a Los Angeles-based growth-focused private equity firm that applies a flexible approach to middle market investing. Primarily focused on healthcare and business and consumer services companies, LightBay invests across the capital structure and in all market environments to help accelerate the growth of high-quality businesses.

Lombard Odier Investment Managers
Lombard Odier Investment Managers (LOIM) is the asset management business of the Lombard Odier Group. LOIM provides specialised strategies across the equity, fixed income, multi-asset, convertible bond and alternative asset classes.

Marshall Wace
Founded in 1997, Marshall Wace is a global alternative investment manager specializing in long/short equity strategies. Marshall Wace combines fundamental investing with systematic and quantitative strategies to deliver returns from a range of investment solutions.

Origami Capital Partners
Founded in 2008, Origami Capital Partners manages private capital that offers structured, creative approaches to complex challenges. Origami’s extensive experience navigating complicated situations helps to solve capital structure, liquidity and follow-on capital needs for our deal partners. Origami focuses on investing in North America and Europe and evaluates opportunities across asset classes and sectors, including: real estate, credit, technology and financial services.

PAG
Founded in 2002, PAG is one of Asia’s largest alternative investment firms. PAG is focused on private equity, real estate, absolute return and private debt strategies.

Redwheel
Redwheel is a specialist, independent investment organisation. Our active investment heritage is built on a foundation of innovation, original thought and high conviction. Our business was established in 2000 with a simple ambition: to create an environment in which exceptional fund managers can operate in a manner that allows them to maximise the benefits of their skills over the long-term.

RP Investment Advisors LP
For more than a decade, RP Investment Advisors LP (“RPIA”) has helped Canadian investors achieve their investment objectives by providing innovative fixed income solutions focused on corporate bonds. RPIA was founded by individuals with expertise in global fixed income and risk management garnered from running the global fixed income businesses of large financial institutions. The firm follows a highly active approach that focuses on generating steady returns and preserving capital during volatile markets. They are a UNPRI signatory, and have embedded Environmental, Social and Governance (ESG) factors into their investment process.

Samlyn Capital
Founded in 2007, Samlyn Capital is an independent investment firm that manages equity long-short and equity long-only strategies. Samlyn’s core investment philosophy relies on catalyst-driven, value-oriented bottom-up fundamental research. The investment objective is to generate superior risk-adjusted returns on a sustainable basis while preserving capital. The strategy invests in global equity securities across industries.

Sculptor Capital Management
Sculptor Capital Management is a leading alternative asset manager serving a diverse global investor base with global investment solutions across multi-strategy, credit and real estate. Sculptor’s track record of generating attractive risk-adjusted returns is rooted in a distinctive investment process that combines deep fundamental research, an opportunistic approach to allocating capital and fully integrated risk management. With a global team operating from offices in New York, London, Hong Kong and Shanghai, Sculptor’s collaborative culture brings to bear its diverse resources and perspectives to drive performance.

Select Equity Group
Founded in 1990, Select Equity Group manages long/short and long-only equity strategies that invest in high quality companies across geographies and market capitalizations. The Firm was founded on the premise that rigorous, independent research and disciplined investing will generate superior returns. Select Equity is employee owned and employs a large research team, which includes a field research division of former financial journalists and sourcing specialists.

StepStone
Founded in 2006, StepStone is a private markets firm that creates customized portfolios using a disciplined, research-focused approach that integrates primaries, secondaries, and co-investments across private market asset classes.

TPG
TPG is a global alternative asset management firm founded in San Francisco in 1992, now with investment and operational teams in offices globally. TPG invests across several multi-product platforms including Capital, Growth, Impact, Real Estate, and Market Solutions, and its unique strategy is driven by collaboration, innovation, and inclusion.

Triton Partners
Founded in 1997, Triton is an investment firm that invests in the business services, consumer, health and industrial sectors, primarily in businesses headquartered in Europe. Triton focuses on companies with the potential to create sustainable, long-term value through changing economic cycles.

Trustbridge Partners
Founded in 2006, Trustbridge is a growth equity investor that seeks to develop a fundamental understanding of long-term trends in society, consumer behaviour, and technology. The firm focuses on high-quality growth opportunities in China within the TMT, consumer, and healthcare sectors, where they believe their experience and industry relationships generate unique insights and give their portfolio companies a competitive edge.

Two Sigma
Two Sigma specializes in process-driven, systematic investment management, generally by employing quantitative analysis in evaluating prospective investments.

Voleon Group, The
Founded in 2007 by two machine learning scientists, The Voleon Group (“Voleon”) is a global investment management and technology firm specializing in the application of machine learning to a wide range of financial markets and prediction problems. Voleon applies the science of machine learning to build quantitative investment strategies that seek to deliver stable, uncorrelated alpha across market environments.
Other Partners
- Advent International
- Black Diamond Capital Management
- Blue Owl Capital
- Catalyst Capital Group
- Centerbridge Partners
- Darby Private Equity
- Europa Capital
- Goldman Sachs Asset Management
- Knightsbridge Advisers
- Kohlberg Kravis Roberts & Co.
- MBK Partners
- Morgan Stanley Infrastructure
- Onex Partners
- Pantheon
- Sanderling Venture Partners
- Shoreline Capital
- Tech Capital Partners
- W.L. Ross & Co
- Wolfensohn Fund Management