Alberta Investment Management Corporation (AIMCo) is a crown corporation based in Edmonton, Canada, established in March 2007. It serves as an institutional investment manager, focusing on the management of assets for Alberta-based pension plans, endowment funds, insurance, and government funds, including the Alberta Heritage Savings Trust Fund. AIMCo invests across a broad spectrum of asset classes, including public equity, fixed income, private equity, real estate, and alternative investments, both domestically and internationally. The firm actively engages in mortgage financing for high-quality commercial properties in Canada and seeks opportunities in various industries through direct investments and co-investments. In infrastructure, AIMCo primarily targets OECD-based assets, including utilities and transportation networks. Additionally, it invests in timberland and related assets, as well as providing debt financing to North American and European firms. The company employs a combination of fundamental and quantitative analysis, along with in-house research, to inform its investment strategies. AIMCo also maintains offices in Toronto, Luxembourg, and the United Kingdom to facilitate its global operations.
Executive Managing Director, Head of Infrastructure and Renewable Resources
Ahmed Mubashir
Managing Director and Head of Infrastructure (Europe and Asia)
18 past transactions
Capital Power
Post in 2025
Capital Power is a North American power producer based in Edmonton, Alberta, focused on the development, acquisition, and operation of power generation facilities. The company operates a diverse portfolio that includes natural gas, coal, wind, solar, and solid fuel energy sources, with significant facilities located in Western and Central Canada as well as the United States. Key assets, such as the Genesee and Shepard sites, contribute substantially to its electricity capacity and cash flow. The majority of Capital Power's revenue is derived from electricity and natural gas sales to a wide range of industrial and commercial customers.
Pieridae Energy
Post in 2024
Pieridae Energy is a Canadian corporation engaged in the exploration, extraction, and processing of natural gas and natural gas liquids. The company focuses on developing and producing conventional raw natural gas, which is processed into various sales products, including natural gas liquids and sulphur. As an upstream producer and midstream operator, Pieridae Energy's core assets are primarily located along the foothills of the Rocky Mountains, with additional upstream operations in Eastern Canada. The company aims to provide essential energy resources while supporting environmental sustainability and the transition to a lower-carbon economy.
Kimberley Meat Company
Acquisition in 2024
Kimberley Meat Company is an advanced meat processing factory. The main business philosophy prioritises animal care, food safety, and eating quality.
Howard Energy Partners
Acquisition in 2022
Howard Energy Partners is an independent midstream energy company that focuses on natural gas gathering and transportation services within the energy sector. The company operates a comprehensive midstream platform, which includes natural gas gathering and transportation pipelines, natural gas liquids processing plants, rail facilities, liquid storage terminals, and deep-water port facilities. With operations primarily in Texas and Pennsylvania, Howard Energy Partners aims to provide access to abundant, clean, low-cost, and reliable energy. The company maintains corporate offices in San Antonio, Houston, and Mexico City, emphasizing its commitment to the midstream sector.
Tidewater Renewables
Post in 2022
Tidewater Renewables operates as an energy transition and renewable fuel producer.
Cando Rail Services
Acquisition in 2022
Cando Rail Services is a provider of specialized rail support services aimed at serving shipper-customers and Class I railway partners. The company offers a comprehensive range of services that includes industrial switching, material handling, logistics, terminal and transloading, as well as mechanical services, railcar storage, engineering, and track services. By delivering these services, Cando Rail Services helps industrial customers optimize their bulk material supply chains and seamlessly connect to the railway network.
Razor Energy
Post in 2021
They are a publicly-traded junior oil and gas development and production company headquartered in Calgary, Alberta. Their business is concentrated on acquiring, and subsequently enhancing, producing oil and gas properties primarily in Alberta. Razor was founded in 2016 and through a business combination with Vector Resources Inc., a Capital Pool Company, concurrently completed an acquisition of a legacy light oil asset in the Swan Hills area of Alberta in January 2017, funded partially through a term loan facility in the amount of $30 million provided by AIMCo. Razor’s shares started trading on TSX Venture Exchange under ticker “RZE” on Feb 13, 2017. Razor is led by Doug Bailey and Frank Muller, the former CEO and COO, respectively, of Striker Exploration Corp. a publicly-traded junior oil and gas producer that amalgamated with Gear Energy in July 2016. The Company’s experienced management team and committed board of directors have a long term vision of organic and inorganic growth focused on efficiency and cost control across all areas of the business.
Virescent Renewable Energy Trust
Private Equity Round in 2021
Virescent Renewable Energy Trust focuses on responsible investments in renewable and sustainable energy projects. The organization operates as a renewable energy platform that acquires and manages operational energy assets. It offers a diversified portfolio of these assets, primarily in India, and seeks investment opportunities that provide stable cash flows from long-term contracts. This approach aligns with the government's Green Energy Corridor initiative, which aims to enhance the infrastructure for renewable energy in the country.
BAI Communications
Private Equity Round in 2021
BAI Communications is a telecommunications infrastructure company that designs, builds, and operates communications networks globally. It specializes in providing robust communications systems for governments and businesses, enabling them to enhance user experiences and achieve their connectivity goals. The company offers a range of services, including neutral hosting, fiber services, and both fiber and tower backhaul, which help clients unlock new revenue streams and support the development of the commuter economy. Through its innovative solutions, BAI Communications plays a crucial role in connecting communities and improving communication infrastructure.
Davies Group
Private Equity Round in 2020
Davies Group is an insurance claims service provider that specializes in third-party administration and technical services across various sectors, including property, casualty, motor, and niche lines. The company serves brokers, the Lloyd's market, UK and global insurance firms, as well as large self-insured enterprises. With a focus on operational efficiency, Davies Group offers comprehensive insurance operations management and consulting services tailored to the risk and insurance value chain. Their expertise spans claims related to residential property, commercial, and specialist liability policies, enabling clients to enhance service delivery and operational excellence in markets such as Bermuda, Canada, and the United States.
Ikkuma Resources
Post in 2018
Ikkuma Resources Corp. is an oil and natural gas company focused on the exploration and development of resources in Western Canada, particularly in the foothills of Alberta and British Columbia. Founded in 1979 and headquartered in Calgary, the company was previously known as PanTerra Resource Corp. before changing its name in September 2014. Ikkuma Resources engages in both conventional and unconventional oil and gas projects, benefiting from a technical team that has collaborated for over a decade in the Foothills Region. This team's experience in navigating complex geological formations is a key asset that supports the company's growth strategy. As of December 2018, Ikkuma Resources operates as a subsidiary of Pieridae Energy Limited.
Eolia Renovables
Acquisition in 2018
Eolia Renovables is an independent power producer in Spain's renewable energy sector, specializing in the development, construction, and operation of onshore wind farms and solar photovoltaic plants. The company is dedicated to generating electricity through renewable and sustainable energy sources, contributing to the growth of clean energy in the region. By focusing on wind and solar power, Eolia Renovables plays a significant role in promoting environmentally friendly energy solutions.
sPower
Private Equity Round in 2017
sPower is an independent power producer (IPP) which owns and/or operates more than 150 utility and distributed electrical generation systems across the US and the UK. The company is headquartered in Salt Lake City with offices in San Francisco, Long Beach and New York City, With 6.7GW between operating, construction and pipeline, sPower is actively buying select utility-scale renewable assets in virtually any stage of development in the United States.
CardioDx
Venture Round in 2014
CardioDx, Inc. is a molecular diagnostics company based in Redwood City, California, focused on developing genomic tests for cardiovascular diseases. Founded in 2003, the company specializes in assessing conditions such as coronary artery disease (CAD), cardiac arrhythmias, and heart failure. One of its key products is the Corus CAD test, a blood test designed to assist healthcare providers in determining whether a non-diabetic patient's chest discomfort or other symptoms are indicative of obstructive CAD. By leveraging genomic technologies, CardioDx aims to deliver critical information that enhances treatment decisions and improves patient outcomes while also addressing the overall cost of care in the United States.
Town Shoe
Private Equity Round in 2012
Town Shoes Limited is the retailer focused on branded footwear products.
Kior
Post in 2012
KiOR, Inc. is a renewable fuels company that specializes in producing and selling cellulosic gasoline and diesel derived from lignocellulosic biomass. Utilizing its proprietary biomass-to-cellulosic fuel technology, the company aims to supply its products to refiners, terminal and rack owners, and fleet operators for vehicle use. Founded in 2007 and headquartered in Pasadena, Texas, KiOR is focused on contributing to sustainable energy solutions by converting biomass into clean fuels.
Zanbato
Series A in 2012
Zanbato is a private securities crossing network that provides market data, counter-party verification, and order execution to a membership of broker-dealers and institutionally-sized investors and shareholders. It aims to build an efficient private market that allocates capital to the best ideas and talent and empowers investors and visionaries to continue to build companies that push the frontiers of human innovation. The company was founded in 2010 and is headquartered in Mountain View, California.
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