Sun Life Financial Inc. (PSE: SLF) today announced the completion of its acquisition of a majority stake in BentallGreenOak. Leveraging the deep and successful history of both firms, BentallGreenOak will form the real estate pillar of our recently established institutional asset management business, SLC Management, a top 100 global asset management firm(1).
“We’re excited about the completion of the BentallGreenOak acquisition and increasing our global real estate investment footprint,” said Dean Connor, President & CEO of Sun Life. “This acquisition adds organizational depth and a full spectrum of solutions including equity and debt real estate strategies, while adding to the capabilities of our alternatives manager, SLC Management.”
“Our focus remains on delivering exceptional service and performance for investors in the alternative asset management space, leveraging the depth and breadth of experience Sun Life has utilized to manage its own assets for over 150 years,” said Steve Peacher, President, SLC Management. “We’re confident that SLC Management is uniquely positioned to offer likeminded investors, such as pension funds, insurance companies and endowments, solutions to meet their needs.”
(1) Ranking based on SLC Management’s assets under management and Willis Towers Watson 2018 Report o f the World’s Asset Managers. On June 18, 2019 Sun Life announced the establishment o f SLC Management, replacing the Sun Life Investment Management brand globally.