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B.C. pension manager BCI lays off staff in private equity division under new leadership

Private Markets & VentureManagement & GovernanceM&A & RestructuringCompany Fundamentals

About 10 staff were let go in British Columbia Investment Management Corp.'s private equity arm, trimming teams focused on direct buyouts and funds. The cuts follow the appointment of a new head of the division earlier this year and represent a small-scale internal restructuring unlikely to materially affect the firm's overall portfolio.

Analysis

About 10 staff were let go in British Columbia Investment Management Corp.'s private equity arm, trimming teams focused on direct buyouts and funds. The cuts follow the appointment of a new head of the division earlier this year and represent a small-scale internal restructuring unlikely to materially affect the firm's overall portfolio.

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