Great West Lifeco

Great-West Lifeco Inc. is a financial services holding company headquartered in Winnipeg, Canada, with a diverse portfolio that includes life and health insurance, retirement and investment services, asset management, and reinsurance. The company operates in Canada, the United States, Europe, and Asia through various subsidiaries such as The Great-West Life Assurance Company and Putnam Investments. Great-West Lifeco offers a range of financial solutions, including life, disability, critical illness, and health insurance products, as well as employer-sponsored retirement plans, individual retirement accounts, and wealth management services. In addition, it provides fund management, investment options, and administrative services. With over $546 billion in assets under administration, the company distributes its products through a broad network of advisors, brokers, and financial institutions. Established in 1891, Great-West Lifeco is a subsidiary of Power Financial Corporation, reflecting its long-standing presence in the financial services industry.

Paul Mahon

President and Chief Executive Officer

Raman Srivastava

Executive Vice President and Global Chief Investment Officer

6 past transactions

Northleaf Capital Partners

Corporate Round in 2020
Northleaf Capital Partners Ltd. is an independent global private equity and infrastructure manager based in Toronto, Canada, established in 2009. The firm specializes in a wide range of investment strategies, including primary and secondary direct investments, fund of funds, and direct co-investments. Northleaf focuses on various sectors, such as private equity, growth equity, venture capital, infrastructure, healthcare, renewable energy, and technology. The firm primarily invests in developed markets, including Asia/Pacific, Europe, the United States, and Canada, with a preference for investments between CAD150 million and CAD200 million. Northleaf's clients consist of corporate and public pension plans, endowments, foundations, government agencies, financial institutions, and family offices. With a dedicated team of professionals, Northleaf is committed to sourcing, evaluating, structuring, and managing investments while fostering long-term relationships built on trust and integrity. The firm operates additional offices in North America, Australia, and Europe, and actively engages in co-investments alongside core partners in both private equity and infrastructure transactions.

Quovo

Series B in 2018
Quovo Inc. is a data platform that specializes in providing financial analytics and data management solutions primarily for small and mid-sized investors. Founded in 2009 and based in New York, Quovo offers a service that automatically gathers, normalizes, and reconciles portfolio data from a wide range of financial institutions, including retail brokerages and custodians. Its offerings include tools for client onboarding, payment processing, and comprehensive insights into consumer financial accounts from over 14,000 institutions. Quovo's technology features automated data repair, manual entry support, and security measures, enabling clients such as family offices, advisors, and foundations to track investment strategies and generate reports. The company also supports fintech firms and leading financial services providers by enhancing customer relationships through streamlined access to financial data. Quovo operates as a subsidiary of Plaid Inc. since January 2019.

EverWest Real Estate Partners

Acquisition in 2018
EverWest, a wholly owned subsidiary of GWL Realty Advisors, is a real estate investment and operating company based in Denver, Colorado. EverWest has three primary competitive advantages. The first is the mix of operating and advising experience, which provides a powerful blend of entrepreneurial execution on individual investments with institutional-quality operating infrastructure and processes. The second stems from EverWest’s decentralized acquisition sourcing and asset management capabilities, which are accessed through six regional offices. EverWest’s investment professionals typically live in their respective markets, providing the team with extensive local real estate experience.

Financial Horizons Inc.

Acquisition in 2017
Financial Horizons Group is the national, Canadian-owned and operated Managing General Agency (MGA) that offers a comprehensive selection of life/health insurance, employee benefits, pensions, investments, structured settlements, and risk management products and services to advisors throughout Canada. As an MGA, Financial Horizons Group is appointed by 24 insurance companies to distribute their products and services, through independent financial advisors to Canadian consumers.

Payfirma

Series A in 2015
Payfirma Corporation, founded in 2010 and based in Vancouver, Canada, offers a comprehensive payment processing platform designed for businesses of all sizes, from small enterprises to multinational corporations. The company provides solutions for credit card processing, mobile payments, e-commerce, and integrated point-of-sale systems. Its platform, known as PayHQ, simplifies payment acceptance across various channels, including in-store, online, and through mobile devices. Additionally, it offers features such as invoicing, recurring billing, and analytics to help businesses make informed decisions. As of 2018, Payfirma operates as a subsidiary of Merrco Payments Inc. and serves thousands of clients across North America, focusing on delivering enterprise-level payment solutions with exceptional customer service.

Irish Life

Acquisition in 2013
Established in 1939, Irish Life is Ireland's leading life, investment and pension company. Irish Life is now part of the Great-West Lifeco group of companies, one of the world’s leading life assurance organisations. Founded more than a century ago in Winnipeg, Canada, Great-West Lifeco and its subsidiaries, including The Great-West Life Assurance Company, have a record for financial strength, earnings stability and consistently high ratings from the independent rating agencies. The Great-West Life Assurance Company has an AA rating for insurer financial strength from Standard & Poor's.