Our team manages a variety of different real estate strategies across various regions and subsectors within the real estate market.

We seek to offer diversification, inflation hedge and deliver stable, risk-adjusted returns to our investors. The real estate strategies have shown resiliency to the broader cap rate expansion due to their primary exposure to industrial and residential sectors. The AUM is C$6.6 billion across our real estate strategies as of December 31, 2023.

• Listed in IPE’s Top 150 Real Estate Investment Managers 2023.
• Our Fiera Real Estate (“FRE”) team expanded its footprint in the credit space by successfully launching a European real estate debt strategy. FRE also has an existing Asia credit offering. In Canada, FRE worked on refining its Canadian real estate debt strategy, which is expected to be ready for external investors in mid-2024. In the US market, an experienced team was also assembled, and a US Debt Fund was structurally created with active fundraising to commence in 2024.
• FRE UK and Canada have had robust platforms offering a variety of products. To continue to optimize investor appetite and adhere to market trends, management aligned efforts and addressed strategies that were not yet available to service the entire risk spectrum. In Canada, a value-add industrial specific strategy was launched and is actively fundraising. In the UK, the Euro Debt Fund was launched. Both decisions allowed for a fully built out program that offers core, core plus, value-add, opportunistic and real estate debt strategies.
• Achieved five stars in the 2023 Annual Principles for Responsible Investing (PRI) Survey.
• Achieved green star status and an improvement of scores across all participating Funds in the Global Real Estate Sustainability Benchmark (GRESB).

Our strategy is a global portfolio of corporate private equity investments, generating attractive downside-protect absolute returns over the long-term.

The fund’s AUM is C$850 million as of December 31, 2023.

• In 2023, the strategy completed four direct investments, including one follow-on investment for an existing portfolio company and one fund commitment; the strategy ended the year with a total of 25 unique investments diversified across industries and geographies.

Our infrastructure team manages a diversified portfolio of high-quality, essential infrastructure, offering investors the opportunity to access a sought-after asset class.

With a focus on global mid-market infrastructure, we seek to deliver stable, risk-adjusted returns through diversified exposure to the asset class. The portfolio invests in infrastructure assets across the globe, that provide essential services, resulting in limited demand risk and low correlation with any economic or business cycle. The strategy’s AUM is C$3.9 billion as of December 31, 2023.

• The Infrastructure strategy has continued to navigate the current macroeconomic landscape and remained resilient. Most recently, the strategy closed a significant infrastructure investment in PureSky Energy, a leading developer, owner and operator of community solar and storage projects in the US. The strategy is invested in over 90 assets.
• Achieved an average asset GRESB score increase of 6%.

Our Agriculture Strategy is dedicated to building a diversified global portfolio of assets, primarily farmland, generating stable, attractive returns over the long-term for investors.

We invest in agricultural and rural producing assets primarily in the United States, Australia, New Zealand, Canada and Western Europe focusing on high-quality farmland with a history of production and resilience through economic and commodity cycles. We employ an own-and-operate model to collaborate with well-regarded local operators, and we invest primarily in permanent crops, row crops, animal protein and related rural sectors. The strategy’s AUM is C$2.1billion as of December 31, 2023.

• The strategy’s portfolio companies have already incorporated many operational enhancements, resulting in strong operations and attractive cash yield. The strategy most recently signed a deal with one of the largest producers of premium organic olive oil based in Portugal and Spain. Other recent deals include a citrus producer in Australia.
• Released its second Sustainable Investment Report.

In 2023, Fiera launched its first Global Sustainable Timberland Strategy.

The strategy is a diversified portfolio of private-owned timberland assets across a mix of softwood species and age classes. The objective is to generate income and add value through the sustainable management of timberland assets.

The Fiera private credit strategies continue to benefit from strong yields given their primary floating rate exposure, and their diversification and resilient portfolio construction.

These strategies manage over C$5.1 billion in AUM across real estate credit, infrastructure debt and corporate credit. Current market conditions are appealing for private lenders, as banks face lending constraints caused by higher capital charges.

• The Australia and New Zealand Real Estate Debt strategy is the proud recipient of Preqin’s 2023 Award for the Best Credit Strategies Hedge Fund.
• Launched a European Real Estate Debt and US Real Estate Debt strategies, bringing our capabilities to a global scale: US, Europe, Canada, Australia and New Zealand.