Our award-winning Design & Engineering Center provides forward-thinking design, driven by consumer insight and creative solutions. 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. We provide the capital and support to help high-performing management teams and boards grow and become leading global franchises. Ares and Ontario Teachers will acquire a majority interest in the Company. Only logged in subscribers of this site will be able to access the shared article. He said he expects the private equity funds that OTPP does invest in to make returns and also offer the opportunity for co-investment. Found email listings include: h***@otpp.com. Were now leaning into sectors like financial services and healthcare services, parts of industries we feel are more resilient.. 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. Why? We dont pound our chest. Inflation itself has been a mixed blessing for OMERS. Click here. Click below to get started. TricorBraun is North Americas largest primary packaging distributor and one of the largest providers of packaging in the world. 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. Thats quite hard to do when you have 5 per cent to 10 per cent in somebody elses private equity deal.. 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. No financial . 2023 Ontario Teachers Pension Plan. We look. Notable deals in Europe included acquiring a majority holding in plastic packaging producerLogoplasteand 30 per cent of insurance brokerSiaci Saint Honore. Ontario Teachers' Pension Plan has acquired a majority stake in Nvision Eye Centers, an Aliso Viejo, California-based provider of comprehensive eye care services. Key stories on business-standard.com are available to premium subscribers only. Net assets rose 10% in 2021, a year in which the fund stepped up efforts to buy controlling stakes. Teachers' can support direct private equity investments between $100 million and $3 billion. Typical bonus, however, is only 30% of base and dependent on three factors with different weightings (firm performance, group performance and individual . The trend toward more direct and control deals by large pension and sovereign investors has picked up in recent years. 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. 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. 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. Join 120,000 other PE professionals today. In large industries like consumer and healthcare, the goal is to dig into and explore niche opportunities. To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. The trend toward more direct and control deals by large pension and sovereign investors has picked up in recent years. global insights and specialized expertise. Looking ahead, OTPP is considering opening an office in India as part of its expansion into fast-growing emerging markets and is also looking to set up a credit investment team in London. 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. Toronto Star articles, please go to: www.TorontoStarReprints.com, Conversations are opinions of our readers and are subject to the, Are Canadas largest pensions putting your retirement at risk? Works closely with other executive team members and international colleagues to collectively design and execute our international investment strategy and associated support requirements. We pay pensions and invest plan assets on behalf of 329,000 working and retired teachers. About TricorBraunFounded in 1902, TricorBraun is North Americas largest distributor of primary packaging and one of the largest purchasers of packaging in the world. OTPP has put these topics high on the agenda when dealing directly with companies, according to Mr. Taylor. Register now to read this article and more for free. Today, AEAs approximately 90 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. 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. Serving customers since 1902, TricorBraun has grown to $1.5 billion in annual sales, with more than 1,100 team members in 50 locations throughout North America, Europe, and Asia. We take a disciplined approach to value creation to help good companies become great from day one. The equities group is made up of private capital and high-conviction equities, which invests across the capital structure of listed businesses. 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. Read More We live in a world where we collude and we compete with others and thats quite a hard thing to pull off, Taylor said. Hongquan Gu works at Ontario Teachers' Pension Plan, which is a Venture Capital & Private Equity company with an estimated 812 employees. For more information, visit otpp.com and follow us on Twitter @OtppInfo. 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. it's been delivered there. 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.. 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. 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All rights reserved. Since our establishment as an independent organization in 1990, we have built an international reputation for innovation and leadership in investment . 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. Dont worry about the news anymore, through our newsletter youll receive weekly access to what is happening. Senior team members include Romeo Leemrijse and Bogdan Cenanovic, global group sector heads; Harj Shoan, global head of funds; Jean-Charles Douin, head of private capital EMEA; Raju Ruparelia, head of private capital APAC; and Maggie Fanari, head of high-conviction equities. This agility was on display over the past few months. 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. Lacking a funds natural inhibitions, she said, Ontario Teachers can be an agile dealmaker with global reach. The pension system was in the thick of last year's vigorous PE dealmaking, investing or committing about C$10 billion ($7.8 billion) globally, roughly 2x its outlay in 2020 and 2019. Already a premium subscriber? Were humble Canadians, she said. 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. That still fell short of an internal benchmark targeting a gain of 7.2 per cent for the year, but it comes after other large pension managers, including the Caisse de dpt et placement du Qubec, reported losses in recent weeks. March 14, 2022. 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. Ontario Teachers acquires majority of Nvision Eye Centers, Investor Relations, Marketing & Communications Forum. 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 . I think being agile and challenging ourselves is the way we get through this, she said. 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.. (Podcast). Significant scale with 247.2 in net assets Funding ratio of 105.99 Investing for 336000 working and retired teachers The Ontario Teachers' Pension Plan (OTTP) is the largest single-profession pension plan in Canada. Along with our financial investment, we tap into our expertise and extensive global platform of experienced business leaders, managers and operating professionals to support our portfolio companies through the operational optimisation, regional expansion, acquisition acceleration, or business re-orientation that will unleash their potential. The Ontario Teachers also invested or committed an additional $5 billion last year into green or transition assets, as part of its pledge to achieve net zero on its investment activities by 2050. Where other international investors may face capital constraints, the fund has a healthy balance sheet with about $8 billion ready to invest, he said. 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. 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. In 2021, Ontario Teachers did even better, earning a one-year net IRR of 29 percent. Millan Mulraine sits down with our Multicultural ERG to discuss Black History Month, workplace progress and why he chose Ontario Teachers'. And while OMERS missed out on a boom in tech stocks in 2020 (contributing to a $3 billion loss that year), Hutcheson said Monday, We try not to get distracted by short-term fads or shiny objects., Anyone can read Conversations, but to contribute, you should be a registered Torstar account holder. 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 Ontario Teachers' Pension Plan is gearing up for a fresh C$70bn push into private markets, spanning assets from infrastructure to real estate, as one of the world's largest retirement. We hold a diverse global portfolio of assets, approximately 80% of which is managed in-house. Not the case? 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. Responsible for advancing Ontario Teachers' Pension Plan global effectiveness across the entire enterprise. We dont have a traditional fund and the fund doesnt have a term, she said. Star Newspapers Limited and/or its licensors. 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 . Ares Management Corporation's Private Equity Group & Ontario Teachers' Pension Plan Board to acquire a majority interest in TricorBraun. The British Columbia governments new budget will spend more as the economy shrinks. Private Capital Private Capital We have one of the largest and most sophisticated pools of private equity capital in the world. To order Its private equity portfolio returned 29.9 per cent for the year, well above its 17.5 per cent benchmark. Bloomberg Surveillance, covering the latest news in finance, economics and investments. Please check your spam or junk folder just in case 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. 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. 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. All rights reserved. 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. Frank nonetheless believes Ontario Teachers is a differentiated investor possessing capabilities that make it stand out in a fiercely competitive PE industry. 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. Our private capital model is based on true partnership,
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. Free Shipping on Plastic Online Orders $149+. The union representing 750 mining workers at Mosaic Potash Esterhazy Ltd. in Esterhazy, Sask. Its Asia-Pacific regional offices are in Hong Kong and Singapore, and its Europe, Middle East & Africa region office is in London. 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. 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. Contact Information Fund Manager Ontario Teachers' Pension Plan Fund Manager Website www.otpp.com Ontario Teachers long-term horizon is another differentiator that facilitates, among other things, value creation. TricorBrauns proven process will guide your packaging decisions from napkin sketch all the way to the retail shelf. AEA Private Equity invests across three sectors: value added industrials, consumer and services. TricorBrauns leadership team will also retain a significant investment in the company, as will its current majority owner, AEA Investors. Liked by Saad Khan. It holds a diverse global portfolio of assets, approximately 80% of which is managed in-house, and has earned an annual total-fund net return of 9.5% since the plan's founding in 1990. Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. 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