When it comes to investing in alternative asset classes, the central mission at the Local Authorities Pension Plan Corp. is to put the pension promise first, according to Shoaib Baig, its executive director of investment oversight and research.

“We move from pension promise to funding objectives, our risk appetite, asset mix implementation and then to member outcomes,” he said, during a session at the 2026 Canadian Investment Review’s Alternative Investment Conference.

To determine the suitability of potential investments, the LAPP relies on five institutional factors: the nature and duration of liabilities, the funded position, tolerance of contribution variability, implementation consideration and the liquidity and governance capacity.

Read: LAPP lowering contribution rates, providing increased COLA in 2026

The same private asset can be very suitable for one pension plan and then unsuitable for another one, said Baig, because the institutional context is different across organizations.

As an asset........

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