. Bentall GreenOak will become SLC Management’s real estate division, while the remaining Sun Life subsidiaries – Prime Advisors, Ryan Labs and SLIIC – will combine under a fixed income division. There will be no executive adjustments as a result of the changes.
The transaction is consistent with the insurer’s strategy of expanding its capabilities in alternative asset management. Last December, Steve Peacher, president of SLC Management, said he would like to broaden the company’s capabilities with the private fixed income and private credit markets, as well as look to acquire an infrastructure equity manager.
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