# Equitable Life of Canada Equitable Life of Canada is an Insurance based in Waterloo, Canada. ## Overview - **Organization type:** Insurance - **Headquarters:** Waterloo, Canada - **Region:** North America - **Address:** 1 Westmount Road North, Waterloo, Ontario, Canada - **Founded:** 1920 - **Assets under management:** Undisclosed - **Website:** equitable.ca - **Wikidata:** Q131418278 ## Regulatory record - **Reports private funds:** No ## About Equitable Life of Canada was founded in 1920 and operates from Waterloo, Ontario, as a federally regulated mutual life insurer. Unlike publicly traded carriers, the firm answers to participating policyholders, not shareholders. President and CEO Fabien Jeudy oversees a conservative, long-duration general account that has historically anchored the firm's identity in group benefits, individual insurance, and savings products for the Canadian market. The investment portfolio skews toward asset-liability matching with a strong domestic tilt. Commercial mortgages form a core holding — the firm carries a sizable loan book secured by Canadian multi-residential, office, and industrial properties. Beyond real estate, the general account holds private fixed-income instruments and private placement debt, offering yield pickup over public corporates. In recent years, Equitable has layered in direct infrastructure exposure. Confirmed positions include partnership in the Duchess Solar project in Alberta, a 263-megawatt facility co-developed with the Canada Infrastructure Bank and Cold Lake First Nations. The firm also funds bridge loans and term debt to Canadian middle-market companies through its private credit allocations, though specific counterparties remain undisclosed. Team size and total assets under management are not publicly segmented from the firm's consolidated financial statements. Equitable maintains its head office at 1 Westmount Road North in Waterloo and operates through a network of independent advisors across Canada. Adjacent structures include The Equitable Foundation, the firm's charitable arm, which channels grants to health, education, and community organizations. Senior leadership holds Fellow designations with the Canadian Institute of Actuaries, and the firm participates in industry advocacy through the Canadian Life and Health Insurance Association. In September 2023, the Duchess Solar partnership closed financing, marking the firm's most visible infrastructure commitment alongside a Crown corporation. The structural differentiator is the mutual form itself. Without quarterly earnings pressure, Equitable can hold illiquid assets through full credit cycles. This lets the firm act as a permanent-capital lender to Canadian real estate and infrastructure — a posture unavailable to publicly listed insurers that must mark private assets to market. As consolidation reshapes Canadian mutuals, Equitable remains one of the largest independent policyholder-owned life insurers still operating under its original charter. ## Sectors - Real Estate - Infrastructure - Private Credit - Energy Transition & Renewables ## People - Fabien Jeudy — President and CEO ## Questions ### Who runs investment decisions at Equitable Life of Canada? President and CEO Fabien Jeudy holds ultimate responsibility for the firm's strategy and capital allocation. The investment team operates under a board-approved statement of investment policies and procedures, with day-to-day portfolio management handled by internal fixed-income, mortgage, and alternative-asset professionals. Specific CIO or head-of-investments names are not publicly disclosed. ### Is Equitable Life structured as a stock company or a mutual? Equitable Life of Canada is a mutual insurance company, owned by its participating policyholders rather than public or private shareholders. This structure permits a longer-horizon investment approach because the firm does not face quarterly earnings pressure from external equity holders. Policyholders receive dividends through participating policy credits rather than through stock appreciation. ### Does Equitable Life participate in fund commitments or only direct deals? The firm's general account emphasizes direct origination — commercial mortgages, private placement debt, and direct infrastructure equity — rather than blind-pool fund commitments. There is no public evidence that Equitable operates a fund-of-funds program. When partner capital is required, as with the Duchess Solar project, the firm co-invests directly alongside entities like the Canada Infrastructure Bank. ### Which asset classes does Equitable Life allocate to? The portfolio emphasizes four main buckets: commercial mortgages secured by Canadian real estate, private fixed-income and private placement debt, direct infrastructure equity, and public fixed-income instruments for liquidity. The firm has not publicly disclosed allocations to venture capital, growth equity, or public equities. ### Does Equitable Life of Canada have any relationship to Equitable Holdings in the United States? No. Equitable Life of Canada is a separate, independent mutual insurer chartered in Canada. It has no corporate affiliation with Equitable Holdings, Inc. (formerly AXA Equitable) in the United States. The two firms share a name by historical coincidence but operate under entirely different ownership structures and regulatory regimes. ## Related profiles - [Equiniti ICS Limited Defined Benefit Plan](https://altss.com/profile/equiniti-ltd-equiniti-ics-limited-defined-benefit-plan) - [Eres Group](https://altss.com/profile/eres-group) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/equitable-life-of-canada Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology