Sun Life Financial announced on July 2 the completion of its acquisition of a majority stake in BentallGreenOak. Sun Life says BentallGreenOak will form the real estate pillar of its recently established institutional asset management business, SLC Management.
"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."
Alternative asset 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 like-minded investors, such as pension funds, insurance companies and endowments, solutions to meet their needs."