Investment management firms Mackenzie Financial Group and Great-West Lifeco completed the acquisition of a 49.9% stake in Northleaf Capital Partners, a private equity firm, for $190m. "The transaction builds on our strategic relationship with Mackenzie while also advancing our efforts to add alternative investments to the general account and increasing access to private market solutions across our businesses globally. Northleaf's leading capabilities in mid-market private equity, private credit and infrastructure equity will complement our existing investment teams, increase our invested asset diversification and provide opportunities for higher returns in our general account, while offering a broader opportunity set of investments for our clients. We look forward to working closely with the Northleaf team on bespoke portfolio construction and private markets investment solutions," Paul Mahon, Great-West Lifeco President and CEO.