As of 30 November 2015, DFG has $2bn worth corporate and structured credit assets that were managed via commingled funds, separate accounts and collateralized loan obligations (CLO) vehicles.

DFG currently serves an institutional client base in North America and Asia and is strengthening its global clientele.

AIMCo senior vice president of public equities Peter Pontikes said: "DFG’s unique expertise in structured and alternative credit products positions them well to capitalize on opportunities that have arisen due to recent regulatory changes."

AIMCo has been working with DFG since 2009 as part of its fixed income strategy. It manages about $85bn of assets on behalf of 27 pension, endowment and government funds in Alberta.

DFG founder and managing partner Volkan Kurtas said: "As investors, both AIMCo and DFG appreciate the privilege of managing our respective clients’ funds, and together we will continue to strive to add value."

AIMCo recently bought a 8% stake in TransAlta Renewables, in a deal that is valued at around C$200m ($141.5m).

The company is the second largest shareholder in the Alberta-based clean power generation company.