Today, Great-West Lifeco (Lifeco) and Mackenzie Financial Corporation (Mackenzie) announced they have entered into a strategic relationship with Northleaf Capital Partners Ltd. (Northleaf). Lifeco and Mackenzie will jointly acquire a non-controlling interest in Northleaf, providing both organizations with a significant presence in the large and rapidly growing private markets investment industry. Northleaf’s leading capabilities in mid-market private equity, private credit and infrastructure equity will complement our existing investment teams, increase our invested asset diversification and provide opportunities for higher returns in our general account, while offering a broader opportunity set of investments for our clients. The transaction builds on our strategic relationship with Mackenzie and will increase access to private market solutions across our businesses globally. For Canada Life, this means having access to Northleaf’s alternative products, which complement our current investment solutions and will allow us to extend the development of our product offering over time to meet the needs of our high-net-worth and institutional clients. The transaction is expected to close in the fourth quarter of 2020. For more information, read the joint Lifeco and Mackenzie news release. | 