Thank you for the question.
PSP will establish a subsidiary to manage growth fund assets, so it will be a separate investment team. That team would be dedicated to the growth fund, while the other remaining PSP teams would be dedicated to the pension fund assets.
Obviously, there will be economies of scale by sharing certain corporate functions, but the investment teams, including the investment decisions made by the investment committee will be completely separate and they will be done in a subsidiary of PSP. It will be a whole new entity within PSP.