, Bloomberg. 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. 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. This year started out so differently from what the world expected., Growing market uncertainty and volatility, however, is not fazing her. 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. Its an extraordinarily difficult year for any investor So, on balance, we are pleased with the outcome, OMERS CEO Blake Hutcheson told the Star. 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. The information you requested is not available at this time, please check back again soon. Canada-based Ontario Teachers' Pension Plan, one of the world's biggest pension fund managers, says it is betting on infrastructure and private equity (PE) in this country. All rights reserved. ophthalmology investments, including last years Veonet, owe to in-house domain expertise acquired over time. By signing up for our newsletter, you accept our terms and conditions as outlined underpe-insights.com/privacy-policy. In fact, it can be argued Ontario Teachers is today less of an LP than it is a very big GP. The Ontario Teachers' Pension Plan Board ( French: Rgime de retraite des enseignantes et des enseignants de l'Ontario) [5] is an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian province of Ontario. TricorBrauns management team, including Executive Chairman Keith Strope and President and CEO Court Carruthers, will continue to lead the Company following the close of the transaction. About TricorBraunFounded in 1902, TricorBraun is North Americas largest distributor of primary packaging and one of the largest purchasers of packaging in the world. Logoplaste is a leading global designer and manufacturer of value-added rigid plastic packaging solutions. TORONTO, [Wednesday, September 22, 2021] /CNW/ - Ontario Teachers' Pension Plan Board ("Ontario Teachers'") announced today that it has entered into an agreement to acquire HomeQ Corporation ("HomeQ"), the parent company of HomeEquity Bank, from Birch Hill Equity Partners Management Inc. ("Birch Hill") and the other minority shareholders of HomeQ. We can provide the right capital to meet the specific needs of the businesses we support, and those of our partners. Get Ahead! The company provides innovative solutions across a wide array of customer end markets in plastic and glass containers, closures, dispensers, tubes and flexibles. Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. The Ontario Teachers' Pension Plan investments returned 11.1 per cent in 2021, with its result driven by the strong performance of its private equity portfolio . 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. We pay pensions and invest plan assets on behalf of 329,000 working and retired teachers. . We love the UK, Taylor said, describing the market in the country as probably the most predictable market in Europe. Responsible for advancing Ontario Teachers' Pension Plan global effectiveness across the entire enterprise. "We have come out with very clear climate reduction targets," he said. Ontario Teachers' is Canada's largest single-profession pension plan with $204.7 billion in net assets. About Ares Management Corporation Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager operating integrated groups across Credit, Private Equity, Real Estate and Strategic Initiatives. From rigid to flexible packaging, stock and custom capabilities, and countless options of materials, industries, and markets served, TricorBrauns range of packaging solutions sets it apart. Private equity firms have historically charged a 2 per cent management fee and 20 per cent on any performance above a certain threshold. We look. Equity investments generally range from $100 million to $1 billion and target well-managed companies in industries with positive secular tailwinds across North America, Western Europe, China, India and Australia. Founder Marg Randles and Group CEO Simon Irons share how Busy Bees' partnership with Ontario Teachers' helped their company grow from 230 nurseries in the UK to 910 across 10 countries, including Singapore, Australia and Canada. Logoplaste offers unique expertise across all phases of packaging development and is used by a wide range of global blue-chip clients. Join 120,000 other PE professionals today. Since January 2020, President and Chief Executive Officer, Ontario Teachers' Pension Plan. No financial . Hongquan Gu works at Ontario Teachers' Pension Plan, which is a Venture Capital & Private Equity company with an estimated 812 employees. 2023 Ontario Teachers Pension Plan. 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. The Ontario Municipal Employees Retirement Systems assets grew by 4.2 per cent to $124.2 billion in 2022, according to its annual results. Frank leads an equities group team of more than 140 investment professionals, operating from offices in Toronto, London, Hong Kong and Singapore. At Ontario Teachers we invest to deliver outstanding service and retirement security for our members while leaving a lasting, positive impact on the world. (Podcast). Even among Ontario Teachers largest Canadian peers who together pioneered institutional direct investing this is an outsized share. 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. To order Private Capital Private Capital We have one of the largest and most sophisticated pools of private equity capital in the world. Choose your news we will deliver. 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). presentation-ready copies of Toronto Star content for distribution The fund outperformed its benchmark by 2.3 percentage points, lifting assets under management to C$241.6 billion ($189.2 billion), the Toronto-based pension manager said Monday in a statement. The Need for Speed in Trend-Following Strategies, Global Fixed Income: Volatility and Uncertainty Here to Stay, Morningstar Indexes' Annual ESG Risk/Return Analysis, 2023 Outlook: The Top Five Trends to Monitor in the Year Ahead, Show Me the Income: Discovering plan sponsor and participant preferences for cr, The Future of Infrastructure: Building a Better Tomorrow, For institutional investors, ETFs can make meeting liquidity needs easier, Gold: the most effective commodity investment, 2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios, Ten ways retirement plan professionals add value to plan sponsors. See all Private Equity salaries to learn how this stacks up in the market. We try to be very sound, very reliable investors who think about what best-in-class looks like and who do a good job., Get the weeks top news delivered directly to your inbox Sign up for our newsletter. Its only one data point, its only one year and were looking down the road. Works closely with other executive team members and international colleagues to collectively design and execute our international investment strategy and associated support requirements. We come out with very clear diversity, equity and inclusion targets in terms of gender participation on boards and how generally governance works around the businesses that we invest in.. Frank nonetheless believes Ontario Teachers is a differentiated investor possessing capabilities that make it stand out in a fiercely competitive PE industry. APHG is New Zealands largest human and veterinary pathology network. For the best experience on our site, be sure to turn on Javascript in your browser. Photographer: Cole Burston/Bloomberg , Bloomberg. Jo Taylor, chief executive officer of Ontario Teachers' Pension Plan Board, has plans for the $242 billion (US$189 billion) fund to buy more . We use our agile team, deep sector expertise and global network to help our portfolio companies grow. The fund outperformed . How will the DOLs finalized rules impact ESG investing? One of Ontarios largest pension fund managers said its investments in private assets, real estate and infrastructure helped save it from a wipeout last year as public stocks and bonds took big hits amid turbulent markets. Across our portfolio we help businesses become more profitable and sustainable. Subscribe to our Newsletter to increase your edge. 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. 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. $57B in assets under management 500+ company and fund investments since 1991 75+ global investment professionals Peloton has ties to Ontario Teachers': two of its founders, Mike Murray and Faraone, were managing directors at the pension fund before they struck out on their own to start the private equity . 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. "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. This has driven fresh initiatives, among them a commitment to TPG Rise Climate Fund, closed this year at $7.3 billion. 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. Not the case? This estimate is based upon 2 Ontario Teachers' Pension Plan Private Equity salary report(s) provided by employees or estimated based upon statistical methods. TricorBraun operates from 50 locations globally. 09:01. See all Private Equity salaries to learn how this stacks up in the market. For more information, visit otpp.com and follow us on Twitter @OtppInfo. 685 Third Avenue We use our agile team, deep sector expertise and global network to help our portfolio companies grow. 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. TricorBrauns leadership team will also retain a significant investment in the company, as will its current majority owner, AEA Investors. 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 Mr. Taylor. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. 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. 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 . 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. 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. Claim your Free Employer Profile Website: www.otpp.com Headquarters: North York, Canada Size: 1001 to 5000 Employees Founded: 1990 Type: Company - Private Industry: Investment & Asset Management Revenue: $10+ billion (USD) Competitors: CPP Investments, OMERS, Caisse de dpt et placement du Qubec The Alberta Investment Management Corp. is investing in a new real estate fund focused on developing rental housing across the Greater Toronto Area. All rights reserved. TricorBrauns proven process will guide your packaging decisions from napkin sketch all the way to the retail shelf. 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. Read: Caisse highlights alternative investment portfolio as 2021 return hits 13.5%. 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). The Deadline To Apply For This Role IsFebruary 14, 2023Our CompanyOntario Teachers' is Canada'sSee this and similar jobs on LinkedIn. Ontario Teachers recognizes the deal environment has changed significantly because of inflationary pressures, rate hikes, Russias invasion of Ukraine and other factors, Frank said. We are thrilled to have the opportunity to partner with TricorBraun through its next chapter., We are proud of our work with Keith, Court, and the TricorBraun management team to help drive growth through a number of successful initiatives, creating significant long-term value, said Tom Pryma, Partner, AEA. 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. Click The pension is expected to step into the the roles filled by private equity firm Birch Hill over the past nine years . In 2021, Ontario Teachers did even better, earning a one-year net IRR of 29 percent. "If you don't deliver that, we don't do the next fund," said Mr. Taylor, a former executive at London-listed private equity firm 3i Group. 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. 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. That this is not better known, even ininformed market circles, is due to Ontario Teachers hesitation to talk about itself, Frank said. The Opportunity. 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. Please check your spam or junk folder just in case 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. For more information, please visit www.aresmgmt.com. 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. I think being agile and challenging ourselves is the way we get through this, she said. By: Staff. OTPP has put these topics high on the agenda when dealing directly with companies, according to Mr. Taylor. 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. Hongquan is currently based in Canada. Busy Bees is the largest childcare provider in the U.K.. 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.. "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. A specialization in sustainability and energy transition is a rebrand of the former energy and power. Main Office 130 E. Randolph St. Dont miss our weekly curated news and insights, By signing up for our newsletter, you accept our terms and conditions as outlined under. The Ontario Teachers' Pension Plan Board is acquiring the parent company of HomeEquity Bank, best known for its reverse-mortgage business, from Birch Hill Equity Partners Management Inc. and other minority shareholders. 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. He said he expects the private equity funds that OTPP does invest in to make returns and also offer the opportunity for co-investment. To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. The company also invests the plan's pension fund. By the end of the year, however, its real estate, infrastructure and private equity investments boosted the fund to a net gain. Also invests the Plan & # x27 ; Pension Plan with $ 204.7 billion in net assets, a! 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