# Alberta Heritage Savings Trust Fund

Alberta Heritage Savings Trust Fund is a Sovereign Wealth Fund based in Edmonton, Canada.

## Overview

- **Organization type:** Sovereign Wealth Fund
- **Headquarters:** Edmonton, Canada
- **Region:** North America
- **Founded:** 1976
- **Assets under management:** 16700 (Altss estimate)
- **Website:** alberta.ca
- **LinkedIn:** https://www.linkedin.com/company/government-of-alberta

## Regulatory record

- **Reports private funds:** No

## About

The Alberta Heritage Savings Trust Fund was created in 1976 by then-Premier Peter Lougheed. Its mandate channels a portion of non-renewable resource revenues into a permanent endowment that supports provincial programs through investment income rather than one-time spending. The fund deploys capital across public equities, private equity, infrastructure and real estate. Positions include holdings in London City Airport, Cando Rail and Terminals, Howard Energy Partners and Porterbrook through the AIMCo Infrastructure Pool. Additional exposure runs through the AIMCo Private Equity Pool to companies such as Benevity, Authentic Brands Group and Visma. Geographic reach covers Canada, the United Kingdom, the United States and broader Europe. The structure relies on AIMCo-managed pools rather than standalone external fund commitments or direct co-investments. AIMCo has served as investment manager since 2008. The fund maintains no disclosed headcount or additional offices beyond its Edmonton base. Two annual public meetings occurred in the last 24 months: November 2024 reviewed quarterly reports and performance, while October 2025 covered fund performance, investment strategy and long-term goals. Oversight sits with the Alberta Treasury Board and Finance and the Auditor General of Alberta. The fund's architecture separates resource revenues from immediate fiscal use through a statutory endowment structure. Investment decisions rest with AIMCo while policy direction and reporting remain with elected officials and a standing legislative committee. This creates a clear division between operational management and political accountability.

## Sectors

- Energy
- Infrastructure
- Real Estate
- Transportation

## People

- Peter Lougheed — Founder
- Nate Horner — Minister of Finance and President of Treasury Board
- Joe Lougheed — Chair of the Heritage Fund Opportunities Corporation
- Tany Yao — Chair of the Standing Committee on the Alberta Heritage Savings Trust Fund
- Stephen Harper — Chair of AIMCo

## Questions

### Who runs investment decisions at Alberta Heritage Savings Trust Fund?

Alberta Investment Management Corporation executes all investment decisions under a mandate established in 2008. The fund itself sets high-level policy through the provincial government.

### How does Alberta Heritage Savings Trust Fund source proprietary deal flow?

The fund accesses deals exclusively through AIMCo pools and does not maintain an independent sourcing function.

### Does Alberta Heritage Savings Trust Fund participate in fund commitments or only direct deals?

The fund invests through AIMCo-managed pools that include both fund commitments and direct holdings. It does not make standalone external fund commitments.

### What investment stages does Alberta Heritage Savings Trust Fund typically target?

The fund targets mature operating businesses and infrastructure assets through its AIMCo infrastructure and private equity pools.

### How is Alberta Heritage Savings Trust Fund related to AIMCo?

AIMCo has served as the sole investment manager since 2008 under contract with the provincial government.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/alberta-heritage-savings-trust-fund

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology