Key Takeaways
- • AIMCo appoints Dan Teper as senior managing director and global head of real estate, ending a year-long vacancy following Paul Mouchakkaa's departure in late 2024.
- • Teper brings over 20 years of institutional real estate investment experience, most recently leading global real estate activities at the Abu Dhabi Investment Council (ADIC).
- • The appointment reflects AIMCo's strategy to expand its investment presence in Calgary, with Teper based in the city and working directly with senior investment leadership.
- • Teper's expertise spans capital allocation, portfolio optimization, strategic planning, and cross-geography team leadership across sophisticated institutional investment platforms.
- • The hire stabilizes AIMCo's real estate leadership after interim management under Peter Teti, who currently serves as permanent head of private assets following David Scudellari's February 2025 departure.
Summary
The Alberta Investment Management Corporation (AIMCo) has named Dan Teper senior managing director and global head of real estate, filling a leadership position vacant since late 2024. Teper, who previously led global real estate operations at the Abu Dhabi Investment Council, brings more than two decades of experience in institutional real estate investment, capital markets, and advisory services across multiple geographies.
AIMCo's chief investment officer Justin Lord characterized Teper as "a proven real estate investor and leader who has operated at scale across some of the world's most sophisticated investment platforms," noting that his appointment strengthens the organization's investment leadership team. Teper will be based in Calgary and will report to AIMCo's senior investment leadership as the pension fund continues to build its institutional presence in the city.
The appointment resolves a prolonged leadership gap in AIMCo's real estate division. Paul Mouchakkaa, the previous global head of real estate, departed in late 2024. During the interim period, oversight of the real estate portfolio fell under AIMCo's broader private assets structure. David Scudellari, appointed global head of private assets and strategic partnerships in September 2024, managed real estate alongside private equity, infrastructure, and private credit responsibilities until his February 2025 departure. Peter Teti subsequently assumed interim leadership before being confirmed as permanent head of private assets.
Teper's background in capital allocation and portfolio optimization across institutional platforms positions him to advance AIMCo's real estate strategy during a period of organizational consolidation and geographic expansion. His appointment reinforces the pension fund's commitment to establishing dedicated, experienced leadership across its alternative asset classes.
AIMCo's chief investment officer Justin Lord characterized Teper as "a proven real estate investor and leader who has operated at scale across some of the world's most sophisticated investment platforms," noting that his appointment strengthens the organization's investment leadership team. Teper will be based in Calgary and will report to AIMCo's senior investment leadership as the pension fund continues to build its institutional presence in the city.
The appointment resolves a prolonged leadership gap in AIMCo's real estate division. Paul Mouchakkaa, the previous global head of real estate, departed in late 2024. During the interim period, oversight of the real estate portfolio fell under AIMCo's broader private assets structure. David Scudellari, appointed global head of private assets and strategic partnerships in September 2024, managed real estate alongside private equity, infrastructure, and private credit responsibilities until his February 2025 departure. Peter Teti subsequently assumed interim leadership before being confirmed as permanent head of private assets.
Teper's background in capital allocation and portfolio optimization across institutional platforms positions him to advance AIMCo's real estate strategy during a period of organizational consolidation and geographic expansion. His appointment reinforces the pension fund's commitment to establishing dedicated, experienced leadership across its alternative asset classes.
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