Thrilled to announce our latest investment partnership with GraceMed, a leader in Canada's cosmetic surgery and medical spa industries. 130 E. Randolph St. 2023 Ontario Teachers Pension Plan. We look. 1 December 2020. Read: OPTrust posts 15.3% net return, driven by private equity investments, We delivered strong results for our members despite the challenges brought about by a second year of a global pandemic, said Jo Taylor, president and chief executive office at the Ontario Teachers, in the release. In a rare interview, Taylor said OTPP is looking more closely at both the returns its private equity portfolio generates, and whether it can have sufficient influence at the companies it invests in. Whether youre looking for a stock package or a groundbreaking custom design, TricorBrauns proven process will guide your packaging decisions from napkin sketch all the way to the retail shelf. By going direct, instead of via a fund managed by a buyout firm, Mr. Taylor said OTPP is also able to save on the "significant" fees that exist in an industry known for rewarding itself generously. ophthalmology investments, including last years Veonet, owe to in-house domain expertise acquired over time. Millan Mulraine sits down with our Multicultural ERG to discuss Black History Month, workplace progress and why he chose Ontario Teachers'. Across our portfolio we help businesses become more profitable and sustainable. For more information, please visit www.aresmgmt.com. New and bigger buyout funds have come to market quicker than ever, with the cycle shortening from a typical three-year period to 18 months in some cases, according to Taylor. The British Columbia governments new budget will spend more as the economy shrinks. For more information, visit otpp.com and follow us on Twitter @OtppInfo. 1,300 Employees . Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Strong ESG practices and active management have long been at the heart of what we do and will continue to support our commitment to achieve a net-zero investment portfolio by 2050. Royal Bank of Canada reported a first-quarter profit of $3.21 billion, down from $4.10 billion a year earlier as its provisions for credit losses increased. The fund is located in Toronto, Canada and will invest in Canada, United States and Chile. Were humble Canadians, she said. TORONTO and SAO PAULO, May 10, 2021 /PRNewswire/ - Ontario Teachers' Pension Plan Board ("Ontario Teachers'") is pleased to announce that it has entered into a definitive agreement with TPG,. To order copies of We invest in everything from regenerative farming to real estate to renewable energy and everything in between. I think being agile and challenging ourselves is the way we get through this, she said. expressly prohibited without the prior written consent of Toronto This transaction is Blackstone's second investment as part of its core private equity strategy, which is specifically designed to hold private equity investments in exceptionally high-quality companies for longer periods of time than traditional private equity funds. If OTPP follows through on the pledge to bypass private equity funds on more deals, it will add another competitive force to the likes of Blackstone, KKR & Co. and Apollo Global Management in the hunt for takeover targets in private and potentially public markets. It invests the pension fund's assets and administers the pensions of 284,000 active and retired teachers in . All rights reserved. Teachers' can support direct private equity investments between $100 million and $3 billion. 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. {{data.symbol | reutersRICLabelFormat:group.RICS}}, {{ stock | formatPrefix }}{{ stock.netChng | formatNetChange }}, CPPIB sees tough climate for private deals with sellers wary. We look forward to working with Court and TricorBrauns strong management team to drive the next phase of the Companys growth, both organically and through strategic acquisitions., TricorBraun is uniquely positioned to serve the requirements of the packaging industry, said Karen Frank, Senior Managing Director, Equities, at Ontario Teachers. Ontario Teachers' Pension Plan, known widely as a top private equity investor, is perhaps underestimated in its foremost role as a buyer and seller of companies. (Podcast). Dont worry about the news anymore, through our newsletter youll receive weekly access to what is happening. They might soon also be located in a new Ontario Teachers office in India. When Frank arrived at Ontario Teachers two years ago from Barclays Private Bank, she thought this an enviable track record for any GP. That this is not better known, even ininformed market circles, is due to Ontario Teachers hesitation to talk about itself, Frank said. See all Private Equity salaries to learn how this stacks up in the market. The Opportunity. "I think it's always slightly egocentric," he said. It allows us to say, We really like this business or we really like the dynamic in this sector., I tell my team, If you really like the opportunity, find the trade, find the capital or design the kind of capital that goes into that company.. If we dont start thinking about those tools that may not, per se, transform an industry but may be key to long-term competitive advantages, we will eventually be left behind.. If you dont deliver that, we dont do the next fund, said Taylor, a former executive at London-listed private equity firm 3i Group Plc. Singapore's state-owned investor Temasek Holdings bought testing company Element Materials from buyout firm Bridgepoint Group for $7 billion earlier this year, while Brookfield Asset Management this week agreed to acquire emergency household repairs provider HomeServe for 4.1 billion ($5 billion). Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. Ontario Teachers' Pension Plan has acquired a majority stake in NVISION Eye Centers, an Aliso Viejo, California-based provider of comprehensive eye care services. More . 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. This has driven fresh initiatives, among them a commitment to TPG Rise Climate Fund, closed this year at $7.3 billion. Its an extraordinarily difficult year for any investor So, on balance, we are pleased with the outcome, OMERS CEO Blake Hutcheson told the Star. We dont have a traditional fund and the fund doesnt have a term, she said. Newspapers Limited, 8 Spadina Avenue, 10th Floor, Toronto, ON M5V 0S8, OMERS actually posted a loss of $500 million, Canadas big pension funds (though some critics say such assets can be more difficult to value, contributing to a $3 billion loss that year. Ontario Teachers' Pension Plan Board (Ontario Teachers') is the administrator of Canada's largest single-profession pension plan, with CAD 242.5 billion in net assets as of June 30, 2022. Weve pivoted, from last year in the things were focused on. Our globally diversified asset groups invest in over 50 countries around the world. Click below to get started. No financial . Because of the consistency of returns, Frank has no plans to alter the portfolios ratio of direct and fund investing. Im super passionate about innovation, Frank said, investing in companies that undertake digitization or using digital capabilities to invest across a range of businesses., A priority, she added, will be digital disruption of traditional sectors in which Ontario Teachers is active, such as insurance. We are an active investor with fungible capital. This enables flexible investing across strategies everything from buyouts and growth equity to structured equity and PIPEs independently or with fund partners and other like-minded investors. 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. Its surprisingly mostly legal, and some will argue they have found the benefits far outweigh the risk. Teachers Private Capital is the PE arm of Canada's Ontario Teachers' Pension Plan. 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. Jo Taylor, chief executive officer of Ontario Teachers' Pension Plan Board, has plans for the $242 billion (US$189 billion) fund to buy more . TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH. See all Private Equity salaries to learn how this stacks up in the market. March 14, 2022. 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. Teachers rode big gains in private equity and infrastructure to post an 11.1-per-cent return for 2021, topping its benchmark comparison portfolio by more than two percentage points. Our award-winning Design & Engineering Center provides forward-thinking design, driven by consumer insight and creative solutions. Pension funds assets under management rose to C$241.6 billion, Private equity assets rose 29%, while resources returned 28%. Other services include global sourcing, manufacturing oversight and global supply chain programs. And Hutcheson said the higher cost to borrow money also gives OMERS an edge when it comes to competition to purchase new private assets. Ontario Teachers' Pension Plan, a Canadian fund that manages C$242.5 billion ($181 billion) of assets, has paused direct investing in private assets in China, according to people familiar. Ontario Teachers' Pension Plan Board - OTPPB: An organization that oversees the pension plan for public school teachers in Ontario, Canada. Chicago, IL 60601, New Jersey governor proposes $7.1 billion pension contribution, Government watchdog highlights PBGC shortcomings in multiemployer aid program, Ventura County Employees adds $25 million to Cross Ocean fund commitment, Sponsored Content: Private Debt: Entering a New Era, The Institutional Investors Guide to ESG Investing, Climate Change: The Inescapable Opportunity, 2022 Defined Contribution East Conference, Ontario Teachers chalks up 11.1% return in 2021, Ontario Teachers, Corio partner on offshore wind projects, Ontario Teachers' Pension Plan weighs new India office in global push. In large industries like consumer and healthcare, the goal is to dig into and explore niche opportunities. All rights reserved. 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. Even among Ontario Teachers largest Canadian peers who together pioneered institutional direct investing this is an outsized share. The equities group is made up of private capital and high-conviction equities, which invests across the capital structure of listed businesses. Tenth Floor 2023 Ontario Teachers Pension Plan. 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. Ontario Teachers' Pension Plan has acquired a majority stake in Nvision Eye Centers, an Aliso Viejo, California-based provider of comprehensive eye care services. A link has been emailed to you - check your inbox. We can provide the right capital to meet the specific needs of the businesses we support, and those of our partners. The fund targets the business products and services (B2B) sector. 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. The union representing 750 mining workers at Mosaic Potash Esterhazy Ltd. in Esterhazy, Sask. One of the advantages of being in a control position is that you can actually have a consistent view of how we interact with the businesses, he said. 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. Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Not the case? Mr. Taylor said raising larger pools of capital at a faster rate and a higher cost of entry, while delivering attractive returns, will become harder because of rising interest rates and previous investment mistakes. "We live in a world where we collude and we compete with others and that's quite a hard thing to pull off," Mr. Taylor said. The Deadline To Apply For This Role IsFebruary 14, 2023Our CompanyOntario Teachers' is Canada'sSee this and similar jobs on LinkedIn. We use our agile team, deep sector expertise and global network to help our portfolio companies grow. Click This year started out so differently from what the world expected., Growing market uncertainty and volatility, however, is not fazing her. Canadian Prime Minister Justin Trudeau is poised to win a third term in a snap election but fall short of regaining the parliamentary majority he was seeking. By the end of the year, however, its real estate, infrastructure and private equity investments boosted the fund to a net gain. March 29-30, 2023 Convene, 117 W 46th St, New York, April 19-20, 2023 Convene, 117 W 46th St, New York, May 17-18, 2023 Hilton Tower Bridge, London, May 23-24, 2023 Convene 117 West 46th Street, New York, Get limited access to our industry news, analysis and data, plus regular email updates. The trend toward more direct and control deals by large pension and sovereign investors has picked up in recent years. Teachers Pension Plan, known widely as a top private equity investor, is perhaps underestimated in its foremost role as a buyer and seller of companies. presentation-ready copies of Toronto Star content for distribution Investment Stage Late Stage Venture, Private Equity Number of Exits 39; Contact Email inquiry@otpp.com; Phone Number (212) 888-5799; Ontario Teachers' Pension Plan invests and administers the pensions of active and retired teachers. 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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. Net assets under management rose 10 per cent in 2021, a year in which the fund stepped up efforts to buy controlling stakes. Suite 3200 OTPP manages the retirement pots of teachers in Ontario. We are focused on being the Best Place for the Best People in Packaging Our people are dedicated, experienced, empowered, and have an entrepreneurial spirit that results in the creation of packaging that makes a difference. Gavin Graham's Top Picks: February 28, 2023, David Burrows' Top Picks: February 27, 2023, Eric Nuttall's Top Picks: February 24, 2023. "We love the U.K.," Mr. Taylor said, describing the market in the country as "probably the most predictable" market in Europe. permissions/licensing, please go to: www.TorontoStarReprints.com. Im pretty with happy with the strategic as well as the performance part of the size of the direct book vis--vis the size of the funds book and the size of public book.. 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. 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. Jo Taylor, chief executive officer of Ontario Teachers Pension Plan Board, has plans for the $242 billion (US$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. TricorBraun Jennifer Frighetto847-702-5304jfrighetto@tricorbraun.com, Ares Management Corporation Brunswick GroupAlex Yankus, 212-333-3810Ares@brunswickgroup.comOrAres Management CorporationCarl Drake, 800-340-6597cdrake@aresmgmt.com, Ontario Teachers Pension Plan BoardDan Madge416-730-6451media@otpp.com. Several recent. By signing up for our newsletter, you accept our terms and conditions as outlined underpe-insights.com/privacy-policy. Since January 2020, President and Chief Executive Officer, Ontario Teachers' Pension Plan. 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. Our private capital model is based on true partnership, The pension plans allocations to natural resources and infrastructure also exceeded expectations, generating returns of 28.1 per cent and 7.9 per cent, respectively. Frank nonetheless believes Ontario Teachers is a differentiated investor possessing capabilities that make it stand out in a fiercely competitive PE industry. JavaScript seems to be disabled in your browser. Hongquan Gu works at Ontario Teachers' Pension Plan, which is a Venture Capital & Private Equity company with an estimated 812 employees. 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. Responsible for advancing Ontario Teachers' Pension Plan global effectiveness across the entire enterprise. This balance, she noted, will support Ontario Teachers objective to grow its assets to C$300 billion by 2030, from C$242 billion today. The firm manages funds that have over $15 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies and mezzanine and senior debt investments. OTPP manages the retirement pots of teachers in Ontario. 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. Contact Information Fund Manager Ontario Teachers' Pension Plan Fund Manager Website www.otpp.com Alberta is predicting a $2.4-billion budget surplus for its petro-powered economy this year, with plans to take a big bite out of its debt and put up guardrails to prevent eye-popping deficits when oil booms go bust. But I am proud of our team and I am confident (in) our strategy.. & Engineering Center provides forward-thinking Design, driven by consumer insight and creative.... 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