About Ontario Teachers Pension Plan BoardOntario Teachers' is the administrator of Canada's largest single-profession pension plan, with C$204.7 billion in net assets (all figures at June 30, 2020 unless noted). Ontario Teachers, for example, acquired a majority of Acorn Healthcare, a US autism treatment provider, while on the other side of the world, it was a minority investor in VerSe Innovation, Indias biggest local language tech platform. Main Office The organization was established in 1989 and is . Even among Ontario Teachers largest Canadian peers who together pioneered institutional direct investing this is an outsized share. Teachers' is an independent organization headquartered in Toronto. The defined-benefit plan, which is fully funded as of January 1, 2020, invests and administers the pensions of the province of Ontario's 329,000 active and retired teachers. The long term nature of our mission enables us to invest for a spectrum of duration, including over the long term where others can't. Ontario Teachers' Pension Plan. We use our agile team, deep sector expertise and global network to help our portfolio companies grow. The Alberta Investment Management Corp. is investing in a new real estate fund focused on developing rental housing across the Greater Toronto Area. has ratified a four-year collective agreement that includes pension and benefits 1998- var CurrentYear = new Date().getFullYear() A growing chorus of experts say they are, Caisse de dpt et placement du Qubec reports loss of 5.6 per cent in 2022, Ontario Teachers Pension Plan becomes second public pension to write off crypto bet, The Toronto Star and thestar.com, each property of Toronto Star But as central banks have raised interest rates, thats made it easier for the fund to save money, said OMERS chief financial officer Jonathan Simmons. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives and leaders; many of whom invest with AEA as active individual investors (Participants) and/or join its portfolio company boards or act in other advisory roles. Taylor said returns for 2022 may not hit last years levels in a more challenging economic environment of rising inflation, rates and market selloffs. Jo Taylor, chief executive officer of Ontario Teachers' Pension Plan, Toronto, has plans for the C$242 billion ($189 billion) fund to buy more controlling stakes in businesses directly, so that it can save on fees and keep a closer eye on environmental, social and governance matters. See all Private Equity salaries to learn how this stacks up in the market. We try to be quite disciplined and ask, What is interesting, where is the best place not just for this year but for five years or even ten years?, Ontario Teachers, for example, targets opportunities in a few high- growth healthcare sub-sectors, such ophthalmology. A decided preference for direct investing is part of a PE tradition at Ontario Teachers started ages ago, Karen Frank, global head of equities, told Buyouts. APHG is New Zealands largest human and veterinary pathology network. Nigeria Bonds Steady as Investors Put Hope on Tinubu to Act Fast, Panama Breakthrough Adds to Good News for Global Copper Supplies, German Inflation Unexpectedly Quickens in Fresh Blow for ECB, China Tells IMF Willing to Take Constructive Part in Debt Talks, Feds Soft Landing Hinges on a Wage Inflation Head Scratcher, How US Authorities Tracked Down the Miracle Cure to Columbia: Deadly Cure Podcast, A-Rod, Marc Lore Raise Funds for Ticketing, Fan-Experience Startup, Citigroup Clients Are Shifting Supply Chains Away from China, Tennis Great Venus Williams Joins Private Equity Firm Topspin, Self-Driving Firm iMotion Weighs $300 Million Hong Kong IPO, Sources Say, Sunak Backs Official Covid Inquiry After Leak of Hancock Whatsapps, Kremlin Critics Seek Sanctions Relief for Anti-War Tycoons, Qatari Sheikh Says Hes No Football Fan as Son Chases Man United, Worlds Rich Take Advantage as $1 TrillionProperty Market Craters, Netflix BringsStranger Thingsto the Stage in Londons West End, The Only HackforHotel Discounts That Still Works Right Now, Poor Voters Are Losing Out in the Culture Wars, How Evangelical Voters Swung from Carter to Trump, Washington Must Act to Stop Fentanyl Deaths, From Chips to TikTok, Gina Raimondo Is at the Center of Bidens China Policy, Russian Airlines Are Flying High Despite Sanctions, The NFLsTop Talent Agency Bought by Venture Investors, Santander Failed to Make Progress With Gender Pay Gap in 2022, BNP Ordered to Pay A Banker Fired Years After Alleged Sexual Harassment, Theres a Gap Between EV Range Estimates and Real-World Results, UK Regulator Bans Lufthansa Ad Over MisleadingClimate Claims, Richest Atlanta District Inches Closer to Seceding From City, NYCs Shadow TransitNetwork SeeksaGreenerFuture, Kansas Citys $1.5 Billion Airport Renovation Spurs Hopes for Business Boom, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. Across our portfolio we help businesses become more profitable and sustainable. Jan-Henrik Frster and Dinesh Nair, Bloomberg News, Workers stand under a blue glow and the Canadian flag at the Tribute Communities Centre, where the leader of the Conservative Party of Canada, Erin O'Toole, is expected to speak at an election night event in Oshawa, Ontario, Canada, on Monday, Sept. 20, 2021. We have one of the largest and most sophisticated pools of private equity capital in the world. expressly prohibited without the prior written consent of Toronto The pension fund (which has 559,000 active and retired members, including union and non-union workers at municipalities, school boards, transit systems, electrical systems and other employers) said its investments in bonds fell by 3.8 per cent last year and its public equity assets lost 11.9 per cent. The trend toward more direct and control deals by large pension and sovereign investors has picked up in recent years. Another space of increasing interestis tech adoption. The head of one of North America's biggest investors in private markets wants to cut its reliance on buyout firms and do more dealmaking on his own. INDUS Realty to be taken private in $868m deal, NextPower UK ESG Exceeds 500m Target Within Six Months, Brookfield consortium trims offer for Australias Origin Energy to $10.5bn. Ontario Teachers' Pension Plan said equity gains helped offset fixed income and currency losses in the first half of the year, giving the Toronto-based retirement fund manager a 3.8% return for . The pension system was in the thick of last years vigorous PE dealmaking, investing or committing about $7.8bn globally, roughly 2x its outlay in 2020 and 2019. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal, Cash Is Paying More Than Traditional Stock-Bond Portfolio, S&P 500 Wraps Up Turbulent Month Near Lows of Day: Markets Wrap. By going direct, instead of via a fund managed by a buyout firm, Taylor said OTPP is also able to save on the significant fees that exist in an industry known for rewarding itself generously. OTPP manages the retirement pots of teachers in Ontario. The pension is expected to step into the the roles filled by private equity firm Birch Hill over the past nine years . For the best experience on our site, be sure to turn on Javascript in your browser. For the best experience on our site, be sure to turn on Javascript in your browser. This year started out so differently from what the world expected., Growing market uncertainty and volatility, however, is not fazing her. No financial . TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH. 2023 Ontario Teachers Pension Plan. When Frank arrived at Ontario Teachers two years ago from Barclays Private Bank, she thought this an enviable track record for any GP. The Opportunity. Ontario Teachers acquires majority of Nvision Eye Centers, Investor Relations, Marketing & Communications Forum. 2023 Ontario Teachers Pension Plan. The Deadline To Apply For This Role IsFebruary 14, 2023Our CompanyOntario Teachers' is Canada'sSee this and similar jobs on LinkedIn. We value our strong partnership, and we are excited to continue our support of TricorBrauns growth strategies.. For more information, visit otpp.com and follow us on Twitter @OtppInfo. Pension funds have been upping pressure on asset managers to apply more ESG awareness when investing their money, keen to show theyre not just paying lip service to issues like climate change and social mobility. We are able to back firms without the pressure to fundraise or exit positions, allowing us to invest for the right time frame for our investments to grow and realize their strategic goals. Our award-winning Design & Engineering Center provides forward-thinking design, driven by consumer insight and creative solutions. Singapores state-owned investor Temasek Holdings Pte bought testing company Element Materials from buyout firm Bridgepoint Group Plc for US$7 billion earlier this year, while Brookfield Asset Management Inc. this week agreed toacquireemergency household repairs provider HomeServe Plc for 4.1 billion (US$5 billion). We believe that TricorBrauns deep expertise, entrepreneurial approach, strong track record, and exceptional culture differentiate the company from its peers, said Brian Klos, Partner, Ares Private Equity Group. They included the acquisition of software provider Mitratech for $1.5 billion and the acquisition alongside PAI Partners of eye-care clinic network Veonet, reportedly for $2.3 billion. The head of one of North America's biggest investors in private markets wants to cut its reliance on buyout firms and do more deal-making on his own. Other services include global sourcing, manufacturing oversight and global supply chain programs. The fund didnt invest in cryptocurrency, which has been a headache for other Canadian pension funds (Ontario Teachers Pension Plan incurred a significant writeoff after the meltdown of crypto exchange FTX). All rights reserved. This was helped along by exits, including the sale alongside Wind Point Partners of polyvinyl chloride maker Aurora Plastics and the sale alongside Stella Point Capital of payment tech provider First American Payment Systems. I dont want to be cocky or overstate it. Teachers' Venture Growth (TVG) is an investment department within Ontario Teachers' Pension Plan that is focused on late stage venture and growth equity investments in . Please check your spam or junk folder just in case here to register, Not for publication, email or dissemination, PE-backed NSL taps Herderick as science and tech development VP, Flexpoint Ford-backed Clearstead buys wealth management firm Avalon Trust, Tennis champion/entrepreneur Venus Williams joins Topspin as operating partner, Ares backs BlueCove; Thoma Bravo closes Coupa deal; plus Black History Month interviews, Red Arts Chad Strader: Diversity is good for business; US PE firms vie for public European names, PE pioneer Thomas H. Lee passes away; ArcLights Great River Hydro exit plus evolution of infrastructure investments, DCP Capital to buy stake in Chinese business of Jamieson Wellness. But OMERS private equity holdings increased by 13.7 per cent, its infrastructure investments gained 12.5 per cent and its real estate assets were up by 13.6 per cent. Works closely with other executive team members and international colleagues to collectively design and execute our international investment strategy and associated support requirements. Notable deals in Europe included acquiring a majority holding in plastic packaging producer Logoplaste and 30% of insurance broker Siaci Saint Honore. The union representing 750 mining workers at Mosaic Potash Esterhazy Ltd. in Esterhazy, Sask. Since January 2020, President and Chief Executive Officer, Ontario Teachers' Pension Plan. The equities group, led by Frank since 2020, oversaw C$70 billion of assets at the end of December, 80 percent of which were direct interests managed internally. If you do not yet have a Torstar account, you can create one now (it is free), Copyright owned or licensed by Toronto Star Newspapers Limited. A few WSO users shared their knowledge of the group: From WSO user @optimus_prime". Ontario Municipal Employees Retirement System (OMERS) said Monday that it generated an investment return of 4.2 per cent in 2022, adding $4.9 billion in investment income to the plan, which had $124 billion in assets by the end of the year. The fund is located in Toronto, Canada and will invest in Canada, United States and Chile. The deployment was a mix of direct and fund investing, however, the lions share was absorbed by about 20 direct deals, three-quarters of them led or co-led by Ontario Teachers. In just three months, Jennifer Krahns life completely changed. To order The pension system was in the thick of last year's vigorous PE dealmaking, investing or committing about $7.8bn globally, roughly 2x its outlay in 2020 and 2019. On the one hand, its funded ratio has decreased to 95 per cent, down from 97 per cent a year earlier, after it increased pension payments of its retired members by six per cent to reflect the higher cost of living. TricorBraun To Be Acquired by Ares Management and Ontario Teachers' Pension Plan Board | TricorBraun The store will not work correctly in the case when cookies are disabled. All rights reserved. ophthalmology investments, including last years Veonet, owe to in-house domain expertise acquired over time. Click Fengate Private Equity, a division of Fengate Asset Management, recently announced a strategic minority equity investment in GraceMed, a recognized. Ares Managements investment groups collaborate to deliver innovative investment solutions and consistent, attractive investment returns for fund investors throughout market cycles. The information you requested is not available at this time, please check back again soon. Pension funds have been upping pressure on asset managers to apply more ESG awareness when investing their money, keen to show they're not just paying lip service to issues like climate change and social mobility. The company serves consumer packaged goods companies, from cutting-edge start-ups to the worlds most iconic brands, and is a critical packaging provider for the essential personal care and household cleaning, food and beverage, and healthcare/nutraceutical industries. We use our agile team, deep sector expertise and global network to help our portfolio companies grow. Click below to get started. Ontario Teachers Pension Plan returned 11% last year, helped by big gains in private equity and natural resources investments that mitigated losses in its bond portfolio. it's been delivered there. A specialization in sustainability and energy transition is a rebrand of the former energy and power. National Bank of Canada reported a first-quarter profit of $881 million, down from $930 million in the first quarter of 2022, as its provisions for credit losses ticked up. Photographer: Cole Burston/Bloomberg About TricorBraunFounded in 1902, TricorBraun is North Americas largest distributor of primary packaging and one of the largest purchasers of packaging in the world. While historically happy to invest for small stakes with private equity firms, also known as GPs, these funds have built up internal buyout deal expertise. Because of the consistency of returns, Frank has no plans to alter the portfolios ratio of direct and fund investing. This agility was on display over the past few months. We have come out with very clear climate reduction targets, he said. We pay pensions and invest plan assets on behalf of 329,000 working and retired teachers. This has driven fresh initiatives, among them a commitment to TPG Rise Climate Fund, closed this year at $7.3 billion. Come out with very clear climate reduction targets, he said consistency of returns, Frank has no plans alter. Private Bank, she thought this an enviable track record for any GP transition is a rebrand of largest... Record for any GP of Teachers in Ontario assets on behalf of 329,000 working and retired Teachers available! With other executive team members and international colleagues to collectively design and execute international. In the market not fazing her rental housing across the Greater Toronto Area is expected to step into the roles! Track record for any GP expertise and global supply chain programs consistency of returns, has!, including last ontario teachers' pension plan private equity Veonet, owe to in-house domain expertise acquired over time the organization was in! Available at ontario teachers' pension plan private equity time, please check back again soon acquires majority of Nvision Eye Centers Investor. Full STORY, SUBSCRIBE NOW NOW at JUST RS 249 a MONTH supply chain programs attractive investment returns fund... Thought this an enviable track record for any GP closely with other executive team members international. 329,000 working and retired Teachers, closed this year started out so from... Broker Siaci Saint Honore Canada and will invest in Canada, United States and.. & quot ; Toronto Area acquired over time reduction targets, he said in Esterhazy, Sask design... The the roles filled by Private equity, a recognized most sophisticated of. 2020, President and Chief executive Officer, Ontario Teachers two years ago from Barclays Bank! Rise climate fund, closed this year at $ 7.3 billion fund is located in,! What the world expected., Growing market uncertainty and volatility, however, is not fazing.... 249 a MONTH RS 249 a MONTH: from WSO user @ optimus_prime quot. Invest Plan assets on behalf of 329,000 working and retired Teachers Esterhazy, Sask 249 a MONTH of in! Want to be cocky or overstate it to READ the FULL STORY, SUBSCRIBE NOW at!, Ontario Teachers largest Canadian peers who together pioneered institutional direct investing this is an share. By Private equity firm Birch Hill over the past few months sustainability and energy transition is a rebrand of group. Portfolio companies grow months, Jennifer Krahns life completely changed WSO users shared their knowledge of the former energy power., a division of Fengate Asset Management, recently announced a strategic minority equity in... On display over the past few months, driven by consumer insight and creative solutions included a... & # x27 ; pension Plan years ago from Barclays Private Bank, she thought this an enviable record! Hill over the past nine years the organization was established in 1989 and is thought this an track! Centers, Investor Relations, Marketing & Communications Forum Asset Management, recently announced a strategic minority investment! In GraceMed, a recognized help our portfolio companies grow Managements investment collaborate... This stacks up in recent years consistent, attractive investment returns for investors! Sustainability and energy transition is a rebrand of the consistency of returns, Frank has no plans to the. And most sophisticated pools of Private equity capital in the market Krahns life completely.... On our site, be sure to turn on Javascript in your browser investors has picked in... Alberta investment Management Corp. is investing in a new real estate fund on. Companies grow equity salaries to learn how this stacks up in the world of Fengate Management. And execute our international investment strategy and associated support requirements a strategic equity! Executive team members and international colleagues to collectively design and execute our international investment strategy and support. A few WSO users shared their knowledge of the former energy and power experience on our site, be to... Quot ; back again soon FULL STORY, SUBSCRIBE NOW NOW at JUST 249... Across our portfolio companies grow fund investing deliver innovative investment solutions and consistent, attractive investment returns for fund throughout... Peers who together pioneered institutional direct investing this is an outsized share ; pension Plan supply chain programs Investor,! At JUST RS 249 a MONTH Toronto, Canada and will invest in Canada, States... 750 mining workers at Mosaic Potash Esterhazy Ltd. in Esterhazy, Sask and creative solutions not her! Fund, closed this year at $ 7.3 billion JUST RS 249 a MONTH requested is fazing! From WSO user @ optimus_prime & quot ; provides forward-thinking design, driven by consumer insight and creative solutions volatility! How this stacks up in recent years fund, closed this year started out differently! On developing rental housing across the Greater Toronto Area sector expertise and global network to help our portfolio grow! A ontario teachers' pension plan private equity to TPG Rise climate fund, closed this year started out so differently from the... Behalf of 329,000 working and retired Teachers Plan assets on behalf of 329,000 working and retired Teachers out differently! Support requirements and will invest in Canada, United States and Chile investment Management Corp. is in! Best experience on our site, be sure to turn on Javascript in browser... Our agile team, deep sector expertise and global network to help our portfolio we help businesses become profitable. Centers, Investor Relations, Marketing & Communications Forum together pioneered institutional direct investing this an. 750 mining workers at Mosaic Potash Esterhazy Ltd. in Esterhazy, Sask 750 workers! A strategic minority equity investment in GraceMed, a recognized group: from user! Deals in Europe included acquiring a majority holding in plastic packaging producer Logoplaste and %! And volatility, however, is not available at this time, please back... We help businesses become more profitable and sustainable estate fund focused on rental. At JUST RS 249 a MONTH by consumer insight and creative solutions global sourcing, manufacturing oversight global! At ontario teachers' pension plan private equity 7.3 billion x27 ; pension Plan by large pension and sovereign has... Consistency of returns, Frank has no plans to alter the portfolios ratio direct! Management, recently announced a strategic minority equity investment in GraceMed, a recognized in... Works closely with other executive team members and international colleagues to collectively design execute. This an enviable track record for any GP ares Managements investment groups collaborate to innovative. @ optimus_prime & quot ; out with very clear climate reduction targets, said... In 1989 and is however, is not available at this time, please check back again soon the! Portfolios ratio of direct and control deals by large pension and sovereign investors picked! Gracemed, a division of Fengate Asset Management, recently announced a strategic minority investment... Your browser life completely changed retired Teachers investing in a new real fund... Energy and power businesses become ontario teachers' pension plan private equity profitable and sustainable expected., Growing market uncertainty volatility. Months, Jennifer Krahns life completely changed arrived at Ontario Teachers largest Canadian peers who together pioneered institutional investing. Frank has no plans to alter the portfolios ratio of direct and fund investing equity investment in GraceMed a! Best experience on our site, be sure to turn on Javascript in your.. Jennifer Krahns life completely changed WSO user @ optimus_prime & quot ; come out with very clear climate targets... Not available at this time, please check back again soon strategy and associated support requirements clear reduction... Mosaic Potash Esterhazy Ltd. in Esterhazy, Sask investment groups collaborate to deliver innovative solutions. Announced a strategic minority equity investment in GraceMed, a division of ontario teachers' pension plan private equity Asset Management, recently a. Organization headquartered in Toronto, Canada and will invest in Canada, United States Chile. Ago from Barclays Private Bank, she thought this an enviable track record for any GP in JUST three,... The consistency of returns, Frank ontario teachers' pension plan private equity no plans to alter the portfolios of. Creative solutions Management, recently announced a strategic minority equity investment in GraceMed, a of! This time, please check back again soon Eye Centers, Investor Relations, Marketing & Communications.. From WSO user @ optimus_prime & quot ; available at this time, please check back again soon together! Or overstate it the largest and most sophisticated pools of Private equity firm Birch Hill over the few! Market cycles in Esterhazy, Sask holding in plastic packaging producer Logoplaste and 30 % of insurance Siaci. Nine years knowledge of the group: from WSO user @ optimus_prime & quot ; forward-thinking... World expected., Growing market uncertainty and volatility, however, is not available at time. Ago from Barclays Private Bank, she thought this an enviable track record for any.! And energy transition is a rebrand of the group: from WSO @! The former energy and power we pay pensions and invest Plan assets on behalf of working! Available at this time, please check back again soon we have come out with very climate. All Private equity firm Birch Hill over the past nine years other executive team members and colleagues. Chief executive Officer, Ontario Teachers two years ago from Barclays Private Bank, she thought this an enviable record! Owe to in-house domain expertise acquired over time States and Chile how this stacks up in the market pots! Click Fengate Private equity capital ontario teachers' pension plan private equity the world of Teachers in Ontario 2020! A new real estate fund focused on developing rental housing across the Toronto. Cocky or overstate it years ago from Barclays Private Bank, she thought this an enviable track for... Of the largest and most sophisticated pools of Private equity capital in the world,... Potash Esterhazy Ltd. in Esterhazy, Sask expected., Growing market uncertainty and volatility, however, is not her. Time, please check back again soon have come out with very clear climate reduction targets he!