Discover the possibilities of the total investment universe.
Unlock the power of alternatives
With a broad range of solutions from private equity to private credit, liquid alternatives and more, we can help you optimize your portfolio with new investment opportunities across the alternatives universe.
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Video: The strategic edge of alternative investments | Expert Access featuring Meric Koksal and Ohm Srinivasan
Discover how our approach to alternative investments can help you unlock access to a comprehensive and exclusive set of global alternative investment solutions.
"One CIBC" approach
Benefit from “investing alongside the bank,” as CIBC Asset Management taps into one of Canada’s largest bank's 150-plus year history, and depth of expertise in private markets lending and investing.ⓘ
Specialized expertise
With over 50 years of investment management expertiseⓘ and more than 160 investment professionalsⓘ, we bridge the intersection of traditional and alternative strategies, providing innovative solutions, expert advice and confidence in your allocation decisions.
Comprehensive solutions
We give investors access to a broad spectrum of alternatives capabilities across a range of investment options to provide greater diversification and help optimize your investment portfolio.
Global strategic partnerships
We complement our deep expertise with strategic partnerships leveraging our size, scale and global relationships to bring a broad selection of worldwide alternatives capabilities to our clients’ portfolios.
Access global alternative opportunities with our strategic partnerships
We complement our deep capabilities with the specialized expertise of strategic partners. By leveraging the scale and expertise of major global alternative asset managers, we can offer a greater breadth of investment capabilities and solutions to our clients.
ACM Advisors
A Canadian alternative asset manager that specializes in the creation, structuring and management of pooled Canadian commercial mortgage funds.
Ares Management
A global alternative investment manager offering solutions in credit, real estate, private equity, and infrastructure, aiming for consistent returns throughout market cycles.
Kensington Capital Partners
A leading Canadian alternative manager with a 29-year track record in private equity investing, diversified across venture capital, growth equity and mid-market buyouts.
KKR
A leading global investment firm that offers access to a comprehensive platform of private market strategies, simplifying access to alternative investments for eligible individual investors.
Longhouse Capital Partners
An Indigenous majority-owned alternative asset management firm with a mission to generate attractive risk-adjusted returns for investors and a lasting positive community impact.
StepStone Group
A global private markets firm, delivering tailored investment solutions. StepStone creates a streamlined experience for institutional and individual investors alike.
Explore our alternative investment capabilities
Discover our extensive range of alternative solutions and capabilities across private equity, private real estate, hedge funds, and more. Our team delivers hands-on, high-caliber service with a commitment to providing investors with greater clarity and confidence in our solutions.
The expertise fueling our alternatives capabilities
With broad-ranging experience and both specialized and macro expertise, our seasoned executive team synergizes with the broader network of investment professionals across our firm and specialized alternative asset managers globally to create innovative solutions. Our team is committed to providing investors with greater choice, clarity and confidence in alternatives.
Meric Koksal
Managing Director and Head, Product
David Wong
CIO, Managing Director and Head, Total Investment Solutions
Michael Sager
Managing Director and CIO, Multi-Asset and Currency Management
Chi Lee
Head of Private Credit
Gitesh Goyal
Head of Private Debt
Ohm Srinivasan
Head of Manager Research and Alternative Investments
Aaron Young
Executive Director and Head, Client Portfolio Management
Philip Lee
Executive Director, Manager Research
Ana Puric
Director, Private Markets
Giuseppe Pietrantonio
Director and Vice-President, Multi-Asset and Currency Management
Alternative investments: Looking beyond a 60/40 portfolio mix
Today's investors are up against increasing challenges, including the continued search for enhanced long-term returns, downside protection and portfolio diversification. With only 10% of global companies being public, investors that rely on traditional assets alone are missing out on 90% of the total investment universe.ⓘ
Adding non-traditional strategies to portfolios can help you achieve better outcomes over the long-term by providing benefits such as:
Enhanced risk-adjusted returns
Downside protection through uncorrelated returns
Reliable income stream
Hedge against inflation
Improved portfolio diversification
Traditional portfolio mix
⬤ 60% Equities
⬤ 40% Fixed income
Addition of alternatives
⬤ 40% Equities
⬤ 30% Fixed income
⬤ 30% Alternatives
Sample asset allocation for illustrative purposes.
Insights and education
Featured in The Globe and Mail: How private markets can serve as a volatility dampener
CIBC Asset Management’s Aaron Young on how private markets can help make it easier to endure short-term volatility, stabilizing portfolios.
Advisor To Go podcast: Exploring Alternatives Part 1
CIBC Asset Management's David Wong on the evolution of alternative investments and how these strategies can be incorporated into a traditional portfolio.
Discover how alternatives can be an effective strategy for suitable investors. If you’re an individual investor, speak with your advisor to further explore alternatives.
Alternatives are investments in assets other than stocks, bonds and cash (for example, private equity, hedge funds, real assets, commodities, etc.) or investments using strategies that go beyond traditional ways of investing (such as long/short strategies). They provide more options for investors to increase their sources of returns, improve portfolio diversification and manage risk.
Liquid alternatives provide investors with a flexible investment approach through exposure to various asset classes and strategies. These are alternative investments in the form of a mutual fund or exchange-traded fund, which offer the additional benefit of daily pricing.
Illiquid alternatives are typically investments in assets through private markets, for example real estate, private debt and private equity. While they may offer reduced portfolio liquidity, they may also enhance expected returns.
Alternative assets can’t be classified as one of the conventional investment types such as equities, bonds or cash. The returns of alternative assets are often uncorrelated or less correlated with traditional assets. Some examples of alternative assets include currencies, commodities and real estate.
Alternative strategies are investment vehicles structured to hold a wide range of financial assets—both traditional and non-traditional—that are managed using nonconventional methods (e.g. short selling). Some examples of alternative strategies include private equity and private debt.
The recommended allocation varies based on time horizon and risk appetite, but a 30% allocation is often considered an adequate exposure that allows for capital appreciation and downside protection. This makes the estimated portfolio split more in line with a 50/30/20 allocation versus a traditional 60/40 split.
Private markets are considered illiquid, meaning it can be difficult to sell assets quickly, especially when compared to traditional asset classes.
There are several major asset classes that make up private markets. They are: private equity, venture capital, private credit, private REITs (real estate investment trusts), infrastructure, real assets and natural resources, and hedge funds. As of 2025, the top private market asset classes based on global assets under management (AUM) are: private equity, private REITs and private credit.ⓘ
Like equities and fixed income, there are various private market asset classes with varying levels of volatility. An investor who prefers to experience less volatility may want to consider private credit. If an investor has a higher volatility appetite and longer-term investment horizon, then private equity may be a good fit.
Before allocating to any private market asset class, it is important to assess:
Investment objectives and goals: Just like any other investment, alternatives should align with an investor’s overall financial goals of growth, income and capital preservation.
Risk tolerance: To determine which asset class is the right fit.
Liquidity needs: Private investments are generally less liquid and cannot be sold daily on demand.
Time horizon: Many private market asset classes have minimum lockup periods.
Fees: Private market investments typically have early redemption fees.
Historically, private markets have been limited to ultra-high-net-worth individuals and institutions. However, the barriers to entry have changed in recent years, providing many retail investors with the opportunity to have a meaningful and appropriate allocation to private markets. Please contact your CIBC Asset Management representative for more information.