Toronto (July 20, 2026) – Investment Management Corporation of Ontario ("IMCO") today announced it has co-invested $300 million in Pembina Gas Infrastructure Inc. ("PGI"), one of Canada's largest independent gas gathering and processing platforms.

The investment was made alongside other investors through funds managed by Apollo (NYSE: APO).

Apollo funds recently acquired a 40 per cent stake in PGI, with Pembina Pipeline Corporation retaining 60 per cent ownership and continuing as operator.

PGI is a premier gas processing entity in Western Canada with a combined capacity of over five billion cubic feet per day, serving a blue-chip customer base from central Alberta to northeast British Columbia.

"PGI provides exposure to a world-class Canadian asset embedded in one of North America’s most competitive energy basins,” said Matt Mendes, Managing Director, Head of Infrastructure, IMCO. "Investing in PGI aligns with our strategy to invest in high-quality infrastructure assets that deliver resilient, long-term value for our clients and reflects our disciplined focus on durable fundamentals and strong downside protection."

PGI provides IMCO with exposure to critical energy infrastructure that plays an important role in Canada’s energy system. Learn more about IMCO’s approach to investing in Canada and the energy sector.