British Columbia Investment Management Corporation Plans to Open London Office with an Eye on Renewables
Posted on 02/10/2023
British Columbia Investment Management Corporation (BCI) plans to open a London office as the pension investor seeks access to European renewable investments. BCI is joining its Canadian and sovereign wealth fund peers on building a presence in London. BCI’s infrastructure & renewable resources (I&RR) team named Lea Dubourg-Hrachovec as new managing director and head of London office. Dubourg-Hrachovec will join BCI from the Pension Protection Fund where she is head of infrastructure, timberland and farmland. Prior to this role, she held senior positions in infrastructure investing at First State Investments and Whitehelm Capital.
The I&RR London team will focus on new capital investment, asset management, and developing new partnerships in the region. BCI’s infrastructure & renewable resources (I&RR) team is opening an office in London, U.K. The office, BCI’s first outside North America, is an important evolution of BCI and the I&RR strategy and provides a foundation to continue to originate and manage investments in the U.K. and European context. BCI’s Infrastructure & Renewable Resources program, valued at approximately C$ 20.2 billion, invests in tangible long-life assets in the Americas, UK, Europe, and Asia Pacific, including a portfolio of direct investments in regulated utilities, energy, telecommunications, transportation, timberlands, and agri-businesses.
“The London office is a natural extension of our global investment strategy, one that has continued to develop in both scale and sophistication,” said Lincoln Webb, executive vice president & global head, infrastructure & renewable resources at BCI in a press release. “Our growing presence in the region, unlocks important access to investment opportunities – allowing us to work closely with local investors, communities, and governments in the development and stewardship of critical infrastructure.”