$57B in assets under management 500+ company and fund investments since 1991 75+ global investment professionals Don't have an account? 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 . 2020 by Private Equity Insights. 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. All For more information, visit otpp.com and follow us on Twitter @OtppInfo. 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. "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.". expressly prohibited without the prior written consent of Toronto 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. 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. Other services include global sourcing, manufacturing oversight and global supply chain programs. 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. 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. Click below to get started. Across our portfolio we help businesses become more profitable and sustainable. 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. 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? Ontario Teachers long-term horizon is another differentiator that facilitates, among other things, value creation. All rights reserved. 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. 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 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. Were thinking about not the next twenty-four months and preparing a company for yet another sale but about how we put it on a path to build long-term value.. We use our agile team, deep sector expertise and global network to help our portfolio companies grow. 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. Net assets rose 10% in 2021, a year in which the fund stepped up efforts to buy controlling stakes. Please check your spam or junk folder just in case Teachers' is an independent organization headquartered in Toronto. The British Columbia governments new budget will spend more as the economy shrinks. But I am proud of our team and I am confident (in) our strategy.. "We have come out with very clear climate reduction targets," he said. Founded in 1989, the Ontario Teachers' Pension Plan is an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian province of Ontario. environmental, social and governance (ESG). To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. Free Shipping on Plastic Online Orders $149+. We had excellent investment performance, maintaining our fully funded status and delivered a high level of service for our members all while making meaningful progress on our new multi-year strategy.. 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. Private Equity salaries at Ontario Teachers' Pension Plan can range from $52,145-$58,170. Millan Mulraine sits down with our Multicultural ERG to discuss Black History Month, workplace progress and why he chose Ontario Teachers'. Ares and Ontario Teachers will acquire a majority interest in the Company. Bloomberg Surveillance, covering the latest news in finance, economics and investments. Base is in 80-85k range. Since January 2020, President and Chief Executive Officer, Ontario Teachers' Pension Plan. 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. 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. The Deadline To Apply For This Role IsFebruary 14, 2023Our CompanyOntario Teachers' is Canada'sSee this and similar jobs on LinkedIn. Dont miss our weekly curated news and insights, By signing up for our newsletter, you accept our terms and conditions as outlined under. 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Its an extraordinarily difficult year for any investor So, on balance, we are pleased with the outcome, OMERS CEO Blake Hutcheson told the Star. rights reserved. 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. GlobalCapital, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730, Covered bond spreads poised to tighten as supply cools, Ruschpler leaves ADB funding team for internal move, Belgium cuts stake in BNP Paribas but keeps seat on board, Santander hops into lively Kangaroo market after NAB tier two, Credit Suisse loses two more from credit sales. to colleagues, clients or customers, or inquire about 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). New York, NY 10017-4036, Chicago Office With the rise of remote working options, some employees have found themselves living double lives, working two (or more) full time jobs at once. Were now leaning into sectors like financial services and healthcare services, parts of industries we feel are more resilient.. permissions/licensing, please go to: www.TorontoStarReprints.com. 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. Our private capital model is based on true partnership, We live in a world where we collude and we compete with others and thats quite a hard thing to pull off, Taylor said. Ares Management Corporation's Private Equity Group & Ontario Teachers' Pension Plan Board to acquire a majority interest in TricorBraun. Investment firms have for years enjoyed a very favorable environment, with ultra-low interest rates spurring institutional money to chase higher returns in private markets as valuations boomed. 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. The pension is expected to step into the the roles filled by private equity firm Birch Hill over the past nine years . To order Notable deals in Europe included acquiring a majority holding in plastic packaging producer Logoplaste and 30% of insurance broker Siaci Saint Honore. Read More 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. Frank leads an equities group team of more than 140 investment professionals, operating from offices in Toronto, London, Hong Kong and Singapore. Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors. Ontario Teachers' Pension Plan has acquired a majority stake in Nvision Eye Centers, an Aliso Viejo, California-based provider of comprehensive eye care services. Already a premium subscriber? 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. 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. It invests the pension fund's assets and administers the pensions of 284,000 active and retired teachers in . 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. 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. I do wonder sometimes whether its necessary.. Today, AEAs approximately 90 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. 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. Choose your news we will deliver. 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. More . To order copies of 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. We dont just invest to make a return; we invest to make a mark. 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. 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. OTPP's top executives say returns for 2022 may struggle to hit last year's levels in a more challenging economic environment of rising inflation, rates and market sell-offs. 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. 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. TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH. Main Office That this is not better known, even ininformed market circles, is due to Ontario Teachers hesitation to talk about itself, Frank said. We dont have a traditional fund and the fund doesnt have a term, she said. Where the core of it, what we really focus on, is making sure we have deep sector knowledge, Frank said. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. 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. 685 Third Avenue 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. For the best experience on our site, be sure to turn on Javascript in your browser. Learn more now. global insights and specialized expertise. 1 December 2020. Fengate Private Equity, a division of Fengate Asset Management, recently announced a strategic minority equity investment in GraceMed, a recognized. Since our establishment as an independent organization in 1990, we have built an international reputation for innovation and leadership in investment . By: Staff. 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. 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. Ontario Teachers' Pension Plan Board - OTPPB: An organization that oversees the pension plan for public school teachers in Ontario, Canada. Taylor said returns for 2022 may not hit last years levels in a more challenging economic environment of rising inflation, rates and market selloffs. Why? {{data.symbol | reutersRICLabelFormat:group.RICS}}, {{ stock | formatPrefix }}{{ stock.netChng | formatNetChange }}, CPPIB sees tough climate for private deals with sellers wary. 130 E. Randolph St. No financial . About TricorBraunFounded in 1902, TricorBraun is North Americas largest distributor of primary packaging and one of the largest purchasers of packaging in the world. We look. The Ontario Teachers' Pension Plan (OTTP) is the largest single-profession pension plan in Canada. In 2021, Ontario Teachers did even better, earning a one-year net IRR of 29 percent. "We love the U.K.," Mr. Taylor said, describing the market in the country as "probably the most predictable" market in Europe. 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