Contact Information Fund Manager Ontario Teachers' Pension Plan Fund Manager Website www.otpp.com Learn more now. We use our agile team, deep sector expertise and global network to help our portfolio companies grow. Get Ahead! 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. OTPP has put these topics high on the agenda when dealing directly with companies, according to Taylor. No financial . 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.. 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 . 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. Weve pivoted, from last year in the things were focused on. In a rare interview, Mr. 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. Click below to get started. The trend toward more direct and control deals by large pension and sovereign investors has picked up in recent years. To order 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. articles a month for anyone to read, even non-subscribers! 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Ontario Teachers' Pension Plan has acquired a majority stake in Nvision Eye Centers, an Aliso Viejo, California-based provider of comprehensive eye care services. 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. The company provides innovative solutions across a wide array of customer end markets in plastic and glass containers, closures, dispensers, tubes and flexibles. Were humble Canadians, she said. I think its always slightly egocentric, he said. Its only one data point, its only one year and were looking down the road. Join 120,000 other PE professionals today. 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. We dont pound our chest. It provides pathology services to 75 percent of New Zealands population with over 2,000 staff operating across its network of 25 laboratories and 150 collection centres. In just three months, Jennifer Krahns life completely changed. 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. Private Capital Private Capital We have one of the largest and most sophisticated pools of private equity capital in the world. TricorBrauns proven process will guide your packaging decisions from napkin sketch all the way to the retail shelf. 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. 1 December 2020. 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. The fund is located in Toronto, Canada and will invest in Canada, United States and Chile. All rights reserved. Where the core of it, what we really focus on, is making sure we have deep sector knowledge, Frank said. Teachers Private Capital is the PE arm of Canada's Ontario Teachers' Pension Plan. 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. 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. 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. To order copies of 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. More . The private capital team has long specialized in six sectors: consumer, diversified industrials and business services, financial services, healthcare, sustainability and energy transition, and tech, media and telecom. This estimate is based upon 2 Ontario Teachers' Pension Plan Private Equity salary report(s) provided by employees or estimated based upon statistical methods. 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. Tenth Floor Teachers' is an independent organization headquartered in Toronto. 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). 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"We love the U.K.," Mr. Taylor said, describing the market in the country as "probably the most predictable" market in Europe. Our private capital model is based on true partnership,
Frank nonetheless believes Ontario Teachers is a differentiated investor possessing capabilities that make it stand out in a fiercely competitive PE industry. By the end of the year, however, its real estate, infrastructure and private equity investments boosted the fund to a net gain. We take a disciplined approach to value creation to help good companies become great from day one. 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. 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. The British Columbia governments new budget will spend more as the economy shrinks. I do wonder sometimes whether its necessary.. This estimate is based upon 2 Ontario Teachers' Pension Plan Private Equity salary report(s) provided by employees or estimated based upon statistical methods. Private equity presently accounts for about one-quarter of all assets. TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH. Through growth equity, structured equity, buyouts or co-investing with other top-tier partners, we focus on positions where we can play a larger role in building stronger companies. About AEAAEA Investors LP was founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. Weve been cautious. Main Office Another space of increasing interestis tech adoption. 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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. 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 Inc., KKR & Co. and Apollo Global Management Inc. in the hunt for takeover targets in private and potentially public markets. To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. We can provide the right capital to meet the specific needs of the businesses we support, and those of our partners. 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. New York, NY 10017-4036, Chicago Office Free Shipping on Plastic Online Orders $149+. 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. This balance, she noted, will support Ontario Teachers objective to grow its assets to C$300 billion by 2030, from C$242 billion today. Don't have an account? For the best experience on our site, be sure to turn on Javascript in your browser. Diversifying away from stocks and bonds and investing significant capital in alternative assets has become a hallmark of Canadas big pension funds (though some critics say such assets can be more difficult to value and valuations are not conducted as often as investments that trade on public markets). Dont worry about the news anymore, through our newsletter youll receive weekly access to what is happening. Gavin Graham's Top Picks: February 28, 2023, David Burrows' Top Picks: February 27, 2023, Eric Nuttall's Top Picks: February 24, 2023. 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. Other services include global sourcing, manufacturing oversight and global supply chain programs. Our globally diversified asset groups invest in over 50 countries around the world. Republication or distribution of this content is Today, AEAs approximately 90 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. Jo Taylor, chief executive officer of Ontario Teachers' Pension Plan Board, has plans for the $242 billion (US$189 billion) fund to buy more . APHG is New Zealands largest human and veterinary pathology network. In large industries like consumer and healthcare, the goal is to dig into and explore niche opportunities. With the rise of remote working options, some employees have found themselves living double lives, working two (or more) full time jobs at once. 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. We invest in everything from regenerative farming to real estate to renewable energy and everything in between. Responsible for advancing Ontario Teachers' Pension Plan global effectiveness across the entire enterprise. Posted 5:35:34 PM. The Ontario Teachers' Pension Plan (OTTP) is the largest single-profession pension plan in Canada. Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Because of the consistency of returns, Frank has no plans to alter the portfolios ratio of direct and fund investing. 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. We hold a diverse global portfolio of assets, approximately 80% of which is managed in-house. 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.. JavaScript seems to be disabled in your browser. We look. For more information, visit otpp.com and follow us on Twitter @OtppInfo. Fengate Private Equity, a division of Fengate Asset Management, recently announced a strategic minority equity investment in GraceMed, a recognized. 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. He said he expects the private equity funds that OTPP does invest in to make returns and also offer the opportunity for co-investment. Private equity firms have historically charged a 2 per cent management fee and 20 per cent on any performance above a certain threshold. It reflects, Frank said, Ontario Teachers pledge to achieve net- zero greenhouse gas emissions by 2050. Sometimes the value creation playbook is going to take longer to execute, Frank said. And Hutcheson said the higher cost to borrow money also gives OMERS an edge when it comes to competition to purchase new private assets. In 2021, Ontario Teachers did even better, earning a one-year net IRR of 29 percent. 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' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Looking ahead, OTPP is considering opening anoffice in Indiaas part of its expansion into fast-growing emerging markets and is also looking to set up a credit investment team in London. {{data.symbol | reutersRICLabelFormat:group.RICS}}, {{ stock | formatPrefix }}{{ stock.netChng | formatNetChange }}, CPPIB sees tough climate for private deals with sellers wary. Ontario Teachers long-term horizon is another differentiator that facilitates, among other things, value creation. Our award-winning Design & Engineering Center provides forward-thinking design, driven by consumer insight and creative solutions. 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. Star Newspapers Limited and/or its licensors. 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. Dont miss our weekly curated news and insights, By signing up for our newsletter, you accept our terms and conditions as outlined under. That this is not better known, even ininformed market circles, is due to Ontario Teachers hesitation to talk about itself, Frank said. Ontario Teachers acquires majority of Nvision Eye Centers, Investor Relations, Marketing & Communications Forum. AEA Private Equity invests across three sectors: value added industrials, consumer and services. Already a premium subscriber? 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. The information you requested is not available at this time, please check back again soon. 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