Its Asia-Pacific regional offices are in Hong Kong and Singapore, and its Europe, Middle East & Africa region office is in London. 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. More . For the best experience on our site, be sure to turn on Javascript in your browser. At Ontario Teachers' we invest to deliver outstanding service and retirement security for our members while leaving a lasting, positive impact on the world. 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. Ontario Teachers' is Canada's largest single-profession pension plan with $204.7 billion in net assets. We have just sent you an email so you can verify your account. For the best experience on our site, be sure to turn on Javascript in your browser. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Posted 5:35:34 PM. The union representing 750 mining workers at Mosaic Potash Esterhazy Ltd. in Esterhazy, Sask. Private Equity salaries at Ontario Teachers' Pension Plan can range from $52,145-$58,170. "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. JavaScript seems to be disabled in your browser. An independent organization, it invests the pension fund's assets and administers the pensions of 329,000 active and retired teachers in Ontario. Choose your news we will deliver. How will the DOLs finalized rules impact ESG investing? Ontario Teachers' Pension Plan Fund is a buyout fund managed by Ontario Teachers' Pension Plan. We dont pound our chest. Were humble Canadians, she said. Ontario Teachers' Pension Plan. OTPP has put these topics high on the agenda when dealing directly with companies, according to Taylor. We deploy flexible capital in compelling private companies across a variety of strategies and time horizons. 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.. 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. Its only one data point, its only one year and were looking down the road. Other services include global sourcing, manufacturing oversight and global supply chain programs. Sign up and get the best of News delivered straight to your email inbox, free of charge. 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). 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). See all Private Equity salaries to learn how this stacks up in the market. Pension funds assets under management rose to C$241.6 billion, Private equity assets rose 29%, while resources returned 28%. We provide the capital and support to help high-performing management teams and boards grow and become leading global franchises. Register now to read this article and more for free. 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. 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. environmental, social and governance (ESG). Across our portfolio we help businesses become more profitable and sustainable. 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. 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. The Deadline To Apply For This Role IsFebruary 14, 2023Our CompanyOntario Teachers' is Canada'sSee this and similar jobs on LinkedIn. Get Ahead! We pay pensions and invest plan assets on behalf of 329,000 working and retired teachers. We use our agile team, deep sector expertise and global network to help our portfolio companies grow. 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He said he expects the private equity funds that OTPP does invest in to make returns and also offer the opportunity for co-investment. Typical bonus, however, is only 30% of base and dependent on three factors with different weightings (firm performance, group performance and individual . 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 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. We hold a diverse global portfolio of assets, approximately 80% of which is managed in-house. 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. 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. Suite 3200 Don't have an account? 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. Teachers' is an independent organization headquartered in Toronto. 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. 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. 2023 Ontario Teachers Pension Plan. 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. 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. Net assets under management rose 10 per cent in 2021, a year in which the fund stepped up efforts to buy controlling stakes. We can provide the right capital to meet the specific needs of the businesses we support, and those of our partners. 1 December 2020. Frank nonetheless believes Ontario Teachers is a differentiated investor possessing capabilities that make it stand out in a fiercely competitive PE industry. That this is not better known, even ininformed market circles, is due to Ontario Teachers hesitation to talk about itself, Frank said. All Teachers' can support direct private equity investments between $100 million and $3 billion. 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. By: Staff. Notable deals in Europe included acquiring a majority holding in plastic packaging producerLogoplasteand 30 per cent of insurance brokerSiaci Saint Honore. 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. TricorBrauns leadership team will also retain a significant investment in the company, as will its current majority owner, AEA Investors. The trend toward more direct and control deals by large pension and sovereign investors has picked up in recent years. Click below to get started. He said he expects the private equity funds that OTPP does invest in to make returns and also offer the opportunity for co-investment. 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. 685 Third Avenue 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. Ontario Teachers recognizes the deal environment has changed significantly because of inflationary pressures, rate hikes, Russias invasion of Ukraine and other factors, Frank said. Sometimes the value creation playbook is going to take longer to execute, Frank said. Hongquan Gu works at Ontario Teachers' Pension Plan, which is a Venture Capital & Private Equity company with an estimated 812 employees. Found email listings include: h***@otpp.com. AEA Private Equity invests across three sectors: value added industrials, consumer and services. 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. "That's quite hard to do when you have 5% to 10% in somebody else's private equity deal.". "I do wonder sometimes whether it's necessary.". 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. Private equity presently accounts for about one-quarter of all assets. 09:01. $57B in assets under management 500+ company and fund investments since 1991 75+ global investment professionals I do wonder sometimes whether its necessary.. 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. 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. 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. And Hutcheson said the higher cost to borrow money also gives OMERS an edge when it comes to competition to purchase new private assets. The information you requested is not available at this time, please check back again soon. Click Alberta is predicting a $2.4-billion budget surplus for its petro-powered economy this year, with plans to take a big bite out of its debt and put up guardrails to prevent eye-popping deficits when oil booms go bust. 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. To order copies of The fund outperformed . 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. has ratified a four-year collective agreement that includes pension and benefits 1998- var CurrentYear = new Date().getFullYear() "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. 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. Investment Stage Late Stage Venture, Private Equity Number of Exits 39; Contact Email inquiry@otpp.com; Phone Number (212) 888-5799; Ontario Teachers' Pension Plan invests and administers the pensions of active and retired teachers. 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. 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Already a premium subscriber? Free Shipping on Plastic Online Orders $149+. Photographer: Cole Burston/Bloomberg , Bloomberg. 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. 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. 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. 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. All rights reserved. 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. 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. This estimate is based upon 2 Ontario Teachers' Pension Plan Private Equity salary report(s) provided by employees or estimated based upon statistical methods. 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