ontario teachers' pension plan private equity
rights reserved. In 2021, Ontario Teachers did even better, earning a one-year net IRR of 29 percent. Copyright 2022-TricorBraun - All rights reserved. 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 dont have a traditional fund and the fund doesnt have a term, she said. 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. To be sure, pension funds still see private equity firms as key to hitting their alternative investment allocations. APHG is New Zealands largest human and veterinary pathology network. Since our establishment as an independent organization in 1990, we have built an international reputation for innovation and leadership in investment . Hutcheson said the funds real estate assets (which generate a stream of rental income and tend to steadily increase in value) are also a good hedge against inflation. Photographer: Cole Burston/Bloomberg We take a disciplined approach to value creation to help good companies become great from day one. "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. . Contact Information Fund Manager Ontario Teachers' Pension Plan Fund Manager Website www.otpp.com 2020 by Private Equity Insights. Ontario Teachers returns 11.1% for 2021, led by private equity investments. 1,300 Employees . Posted 5:35:34 PM. AEA Private Equity invests across three sectors: value added industrials, consumer and services. Private equity presently accounts for about one-quarter of all assets. 685 Third Avenue 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. 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. has ratified a four-year collective agreement that includes pension and benefits 1998- var CurrentYear = new Date().getFullYear() "Hopefully there's enough return in our real assets and inflation hedge portfolio to compensate for potential losses elsewhere," said Chief Investment Officer Ziad Hindo. 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. Hongquan is currently based in Canada. We look. TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH. We use our agile team, deep sector expertise and global network to help our portfolio companies grow. Today, AEAs approximately 90 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. This balance, she noted, will support Ontario Teachers objective to grow its assets to C$300 billion by 2030, from C$242 billion today. ST. LOUIS, January 7, 2021 Global packaging leader TricorBraun (the Company) announced today that it has entered into a definitive stock purchase agreement with funds managed by Ares Management Corporations (NYSE: ARES) Private Equity Group (Ares) and Ontario Teachers Pension Plan Board (Ontario Teachers). We value our strong partnership, and we are excited to continue our support of TricorBrauns growth strategies.. The head of one of North Americas biggest investors in private markets wants to cut its reliance on buyout firms and do more dealmaking on his own. Ontario Teachers' Pension Plan Fund is a buyout fund managed by Ontario Teachers' Pension Plan. The Company has made significant investments in top talent and operations, and will seek to capitalize on those to drive long-term growth in the years ahead. Notable deals in Europe included acquiring a majority holding in plastic packaging producerLogoplasteand 30 per cent of insurance brokerSiaci Saint Honore. The information you requested is not available at this time, please check back again soon. 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. Weve been cautious. 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 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. 1 December 2020. 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. Hongquan Gu works at Ontario Teachers' Pension Plan, which is a Venture Capital & Private Equity company with an estimated 812 employees. But I am proud of our team and I am confident (in) our 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. Fengate Private Equity, a division of Fengate Asset Management, recently announced a strategic minority equity investment in GraceMed, a recognized. 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. We dont pound our chest. 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. it's been delivered there. 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. This year started out so differently from what the world expected., Growing market uncertainty and volatility, however, is not fazing her. Ares Management Corporation's Private Equity Group & Ontario Teachers' Pension Plan Board to acquire a majority interest in TricorBraun. 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. 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 . Several recent. Private equity firms have historically charged a 2% management fee and 20% on any performance above a certain threshold. Ontario Teachers acquires majority of Nvision Eye Centers, Investor Relations, Marketing & Communications Forum. 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. Where the core of it, what we really focus on, is making sure we have deep sector knowledge, Frank said. Ares Managements investment groups collaborate to deliver innovative investment solutions and consistent, attractive investment returns for fund investors throughout market cycles. 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. 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. The union representing 750 mining workers at Mosaic Potash Esterhazy Ltd. in Esterhazy, Sask. 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. Ares and Ontario Teachers are the right partners to help us expand on our steady growth as we continue to build the best place for the best people in packaging, said Carruthers. Even among Ontario Teachers largest Canadian peers who together pioneered institutional direct investing this is an outsized share. For more information, visit otpp.com and follow us on Twitter @OtppInfo. Busy Bees is the largest childcare provider in the U.K.. I think its always slightly egocentric, he said. We live in a world where we collude and we compete with others and thats quite a hard thing to pull off, Taylor said. We use our agile team, deep sector expertise and global network to help our portfolio companies grow. Ontario Teachers' Pension Plan has acquired a majority stake in NVISION Eye Centers, an Aliso Viejo, California-based provider of comprehensive eye care services. 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 fund targets the business products and services (B2B) sector. $57B in assets under management 500+ company and fund investments since 1991 75+ global investment professionals 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. We can provide the right capital to meet the specific needs of the businesses we support, and those of our partners. 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.. 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. I think being agile and challenging ourselves is the way we get through this, she said. Why? 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. The company provides innovative solutions across a wide array of customer end markets in plastic and glass containers, closures, dispensers, tubes and flexibles. Only logged in subscribers of this site will be able to access the shared article. To order copies of This copy is for your personal non-commercial use only. 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. The defined-benefit plan, which is fully funded as of January 1, 2020, invests and administers the pensions of the province of Ontario's 329,000 active and retired teachers. Ontario Teachers' is Canada's largest single-profession pension plan with $204.7 billion in net assets. Gavin Graham's Top Picks: February 28, 2023, David Burrows' Top Picks: February 27, 2023, Eric Nuttall's Top Picks: February 24, 2023. Millan Mulraine sits down with our Multicultural ERG to discuss Black History Month, workplace progress and why he chose Ontario Teachers'. This estimate is based upon 2 Ontario Teachers' Pension Plan Private Equity salary report(s) provided by employees or estimated based upon statistical methods. 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. Logoplaste is a leading global designer and manufacturer of value-added rigid plastic packaging solutions. 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). At Ontario Teachers' we invest to deliver outstanding service and retirement security for our members while leaving a lasting, positive impact on the world. Not the case? OTPP manages the retirement pots of teachers in Ontario. They might soon also be located in a new Ontario Teachers office in India. to colleagues, clients or customers, or inquire about The Deadline To Apply For This Role IsFebruary 14, 2023Our CompanyOntario Teachers' is Canada'sSee this and similar jobs on LinkedIn. Click 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. 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. The fund is located in Toronto, Canada and will invest in Canada, United States and Chile. 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. 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. Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. 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. 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. I dont want to be cocky or overstate it. How will the DOLs finalized rules impact ESG investing? Please check your spam or junk folder just in case 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. And Hutcheson said the higher cost to borrow money also gives OMERS an edge when it comes to competition to purchase new private assets. OTPP has put these topics high on the agenda when dealing directly with companies, according to Mr. Taylor. "That's quite hard to do when you have 5% to 10% in somebody else's private equity deal.". 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. Private Capital Private Capital We have one of the largest and most sophisticated pools of private equity capital in the world. 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. No financial . 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. The Ontario Teachers total fund exceeded its benchmark of 8.8 per cent, according to a press release announcing its annual results. The transaction is expected to close in the first quarter of 2021 and is subject to customary closing conditions and regulatory approvals. See all Private Equity salaries to learn how this stacks up in the market. 2023 Ontario Teachers Pension Plan. We try to be quite disciplined and ask, What is interesting, where is the best place not just for this year but for five years or even ten years?, Ontario Teachers, for example, targets opportunities in a few high- growth healthcare sub-sectors, such ophthalmology. "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.". Key stories on business-standard.com are available to premium subscribers only. Because of the consistency of returns, Frank has no plans to alter the portfolios ratio of direct and fund investing. On the one hand, its funded ratio has decreased to 95 per cent, down from 97 per cent a year earlier, after it increased pension payments of its retired members by six per cent to reflect the higher cost of living. 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. We provide the capital and support to help high-performing management teams and boards grow and become leading global franchises. We have come out with very clear climate reduction targets, he said. We hold a diverse global portfolio of assets, approximately 80% of which is managed in-house. 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. Its an extraordinarily difficult year for any investor So, on balance, we are pleased with the outcome, OMERS CEO Blake Hutcheson told the Star. It reflects, Frank said, Ontario Teachers pledge to achieve net- zero greenhouse gas emissions by 2050. Tenth Floor 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. In just three months, Jennifer Krahns life completely changed. Read More Base is in 80-85k range. 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. 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 We have just sent you an email so you can verify your account. Net assets rose 10% in 2021, a year in which the fund stepped up efforts to buy controlling stakes. In 2021 it announced an additional $70bn. 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 store will not work correctly in the case when cookies are disabled. Teachers' is an independent organization headquartered in Toronto. 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. We pay pensions and invest plan assets on behalf of 329,000 working and retired teachers. 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). 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