Jamie Vallance from AIMCo on what it takes to earn a Maple 8's backing
Jamie Vallance is Managing Director, Head of Funds and Secondaries, Private Equity at AIMCo (the Alberta Investment Management Corporation), where he leads the firm's global private equity funds and secondaries program.
He has spent 14 years at AIMCo, growing its funds and co-investment program from roughly $3B to $14B in NAV.
Katie and Jamie talk about why AIMCo reversed course and brought fund managers back into the program, the three phases every GP goes through before AIMCo commits, why he favours a concentrated portfolio of long-term partnerships, and how he thinks about the fast-growing market for secondaries and continuation vehicles.
He also explains why he's not a fan of FOMO — and what earns, and keeps, a Maple 8's backing.
About Our Guest
Jamie Vallance is Managing Director, Head of Funds and Secondaries, Private Equity at AIMCo (Alberta Investment Management Corporation), based in Toronto, where he leads the global private equity funds and secondaries program. He is responsible for private equity fund managers across North America, Europe, and Asia, spanning buyout, growth equity, and secondaries strategies. He previously led AIMCo's direct private equity investing in the business services sector.
Jamie continues to serve as a board member of BGIS, and has previously represented AIMCo on the boards of ERM and Milacron. Before joining AIMCo in 2013, he worked in mergers and acquisitions at Scotiabank Global Banking and Markets. He holds an MBA from Columbia Business School and a B.Com (Honours) from Queen's University, and is a CFA Charterholder.
About The Re-Up:
The Re-Up is a podcast about the business of raising and allocating capital in private markets — and how that work can be done better. In private markets, a re-up is the decision to recommit to a manager's next fund: the ultimate signal of trust. Each episode is a candid conversation with the LPs, GPs, and advisors who have built exceptional track records — the conversations that usually happen over dinner after the conference, not the ones on stage. Hosted by Katie Fasken, founder of August Advisors, a Toronto-based placement firm connecting exceptional private investment managers with institutional capital.