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 British Columbia governments new budget will spend more as the economy shrinks. Republication or distribution of this content is 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' is an independent organization headquartered in Toronto. 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. I do wonder sometimes whether its necessary.. 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. Main Office 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. 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. We value our strong partnership, and we are excited to continue our support of TricorBrauns growth strategies.. To order Busy Bees is the largest childcare provider in the U.K.. "I think it's always slightly egocentric," he said. 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 . Subscribe to our Newsletter to increase your edge. Ontario Teachers' Pension Plan. We have just sent you an email so you can verify your account. Its Asia-Pacific regional offices are in Hong Kong and Singapore, and its Europe, Middle East & Africa region office is in London. By the end of the year, however, its real estate, infrastructure and private equity investments boosted the fund to a net gain. An independent organization, it invests the pension fund's assets and administers the pensions of 329,000 active and retired teachers in Ontario. Teachers' Venture Growth (TVG) is an investment department within Ontario Teachers' Pension Plan that is focused on late stage venture and growth equity investments in . Frank nonetheless believes Ontario Teachers is a differentiated investor possessing capabilities that make it stand out in a fiercely competitive PE industry. {{data.symbol | reutersRICLabelFormat:group.RICS}}, {{ stock | formatPrefix }}{{ stock.netChng | formatNetChange }}, CPPIB sees tough climate for private deals with sellers wary. $57B in assets under management 500+ company and fund investments since 1991 75+ global investment professionals I think being agile and challenging ourselves is the way we get through this, she said. In fact, it can be argued Ontario Teachers is today less of an LP than it is a very big GP. 1,300 Employees . In 2021, Ontario Teachers did even better, earning a one-year net IRR of 29 percent. 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. We look. This balance, she noted, will support Ontario Teachers objective to grow its assets to C$300 billion by 2030, from C$242 billion today. 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. Get Ahead! Where the core of it, what we really focus on, is making sure we have deep sector knowledge, Frank said. 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. 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. 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. 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. Key stories on business-standard.com are available to premium subscribers only. 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. 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. The fund outperformed . Frank leads an equities group team of more than 140 investment professionals, operating from offices in Toronto, London, Hong Kong and Singapore. 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. 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. At Ontario Teachers we invest to deliver outstanding service and retirement security for our members while leaving a lasting, positive impact on the world. Even among Ontario Teachers largest Canadian peers who together pioneered institutional direct investing this is an outsized share. The company currently operates 664 centres across nine countries with 16,000 staff providing quality care for 63,000 children. AEA Private Equity invests across three sectors: value added industrials, consumer and services. It currently has more than $30 billion in green investments. A specialization in sustainability and energy transition is a rebrand of the former energy and power. The union representing 750 mining workers at Mosaic Potash Esterhazy Ltd. in Esterhazy, Sask. Hongquan Gu works at Ontario Teachers' Pension Plan, which is a Venture Capital & Private Equity company with an estimated 812 employees. Dont miss our weekly curated news and insights, By signing up for our newsletter, you accept our terms and conditions as outlined under. 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. 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). All rights reserved. The equities groups portfolio investments have typically averaged a one-year net IRR of about 20 percent. A few WSO users shared their knowledge of the group: From WSO user @optimus_prime". Ontario Teachers' Pension Plan Board - OTPPB: An organization that oversees the pension plan for public school teachers in Ontario, Canada. Significant scale with 247.2 in net assets Funding ratio of 105.99 Investing for 336000 working and retired teachers Its private equity portfolio returned 29.9 per cent for the year, well above its 17.5 per cent benchmark. 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. "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. Click Notable deals in Europe included acquiring a majority holding in plastic packaging producerLogoplasteand 30 per cent of insurance brokerSiaci Saint Honore. The Ontario Municipal Employees Retirement Systems assets grew by 4.2 per cent to $124.2 billion in 2022, according to its annual results. 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. 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. 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. 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. 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. 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See all Private Equity salaries to learn how this stacks up in the market. 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. Liked by Saad Khan. 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Fengate Private Equity, a division of Fengate Asset Management, recently announced a strategic minority equity investment in GraceMed, a recognized. At the halfway point of 2022, OMERS actually posted a loss of $500 million amidst a rout of financial markets following the start of the war in Ukraine and central banks beginning to tackle runaway inflation with a string of interest-rate hikes. 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. 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. 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. Were humble Canadians, she said. Ontario Teachers returns 11.1% for 2021, led by private equity investments. 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. has ratified a four-year collective agreement that includes pension and benefits 1998- var CurrentYear = new Date().getFullYear() 2020 by Private Equity Insights. 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 believe that integratingenvironmental, social and governance (ESG) factors into our investment decisions and backing companies to act responsibly will create greater value for our members. 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. By going direct, instead of via a fund managed by a buyout firm, Taylor said OTPP is also able to save on the significant fees that exist in an industry known for rewarding itself generously. The information you requested is not available at this time, please check back again soon. Net assets rose 10% in 2021, a year in which the fund stepped up efforts to buy controlling stakes. We live in a world where we collude and we compete with others and thats quite a hard thing to pull off, Taylor said. 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. 1 December 2020. We have one of the largest and most sophisticated pools of private equity capital in the world. 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. 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. At Ontario Teachers' we invest to deliver outstanding service and retirement security for our members while leaving a lasting, positive impact on the world. We look forward to working with Court and TricorBrauns strong management team to drive the next phase of the Companys growth, both organically and through strategic acquisitions., TricorBraun is uniquely positioned to serve the requirements of the packaging industry, said Karen Frank, Senior Managing Director, Equities, at Ontario Teachers. Only logged in subscribers of this site will be able to access the shared article. All 130 E. Randolph St. it's been delivered there. 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. Already a premium subscriber? 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 Typical bonus, however, is only 30% of base and dependent on three factors with different weightings (firm performance, group performance and individual . Jo Taylor, chief executive officer of Ontario Teachers' Pension Plan Board, has plans for the $242 billion (US$189 billion) fund to buy more . This has driven fresh initiatives, among them a commitment to TPG Rise Climate Fund, closed this year at $7.3 billion. TORONTO and SAO PAULO, May 10, 2021 /PRNewswire/ - Ontario Teachers' Pension Plan Board ("Ontario Teachers'") is pleased to announce that it has entered into a definitive agreement with TPG,. Ares Managements investment groups collaborate to deliver innovative investment solutions and consistent, attractive investment returns for fund investors throughout market cycles. 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. New York, NY 10017-4036, Chicago Office We provide the capital and support to help high-performing management teams and boards grow and become leading global franchises. 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. 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. Dont worry about the news anymore, through our newsletter youll receive weekly access to what is happening. 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. The Opportunity. 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). 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. 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. We use our agile team, deep sector expertise and global network to help our portfolio companies grow. TricorBrauns leadership team will also retain a significant investment in the company, as will its current majority owner, AEA Investors. 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.. environmental, social and governance (ESG). 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. "I do wonder sometimes whether it's necessary.". Its an extraordinarily difficult year for any investor So, on balance, we are pleased with the outcome, OMERS CEO Blake Hutcheson told the Star. TricorBraun is North Americas largest primary packaging distributor and one of the largest providers of packaging in the world. Ontario Teachers recognizes the deal environment has changed significantly because of inflationary pressures, rate hikes, Russias invasion of Ukraine and other factors, Frank said. 2023 Ontario Teachers Pension Plan. From rigid to flexible packaging, stock and custom capabilities, and countless options of materials, industries, and markets served, TricorBrauns range of packaging solutions sets it apart. permissions/licensing, please go to: www.TorontoStarReprints.com. Inflation itself has been a mixed blessing for OMERS. You should only be asked to sign in once. The Deadline To Apply For This Role IsFebruary 14, 2023Our CompanyOntario Teachers' is Canada'sSee this and similar jobs on LinkedIn. The Alberta Investment Management Corp. is investing in a new real estate fund focused on developing rental housing across the Greater Toronto Area. Star Newspapers Limited and/or its licensors. "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. 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. Base is in 80-85k range. "We live in a world where we collude and we compete with others and that's quite a hard thing to pull off," Mr. Taylor said. 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. 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.. For the best experience on our site, be sure to turn on Javascript in your browser. All rights reserved. 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 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. 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. 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. 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 love the UK, Taylor said, describing the market in the country as probably the most predictable market in Europe. I dont want to be cocky or overstate it. Since January 2020, President and Chief Executive Officer, Ontario Teachers' Pension Plan. 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. Join 120,000 other PE professionals today. Why? The trend toward more direct and control deals by large pension and sovereign investors has picked up in recent years. Where other international investors may face capital constraints, the fund has a healthy balance sheet with about $8 billion ready to invest, he said. Ontario Teachers' Pension Plan Overview Work Here? For more information, visit otpp.com and follow us on Twitter @OtppInfo. Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Private Equity salaries at Ontario Teachers' Pension Plan can range from $52,145-$58,170. We use our agile team, deep sector expertise and global network to help our portfolio companies grow. This copy is for your personal non-commercial use only. Ontario Teachers long-term horizon is another differentiator that facilitates, among other things, value creation. 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. JavaScript seems to be disabled in your browser. "We love the U.K.," Mr. Taylor said, describing the market in the country as "probably the most predictable" market in Europe. 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.. 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. The equities group is made up of private capital and high-conviction equities, which invests across the capital structure of listed businesses. No financial . Ares Management Corporation's Private Equity Group & Ontario Teachers' Pension Plan Board to acquire a majority interest in TricorBraun. OTPP manages the retirement pots of teachers in Ontario. Its surprisingly mostly legal, and some will argue they have found the benefits far outweigh the risk. We dont just invest to make a return; we invest to make a mark. Our private capital model is based on true partnership, Across our portfolio we help businesses become more profitable and sustainable. Chicago, IL 60601, New Jersey governor proposes $7.1 billion pension contribution, Government watchdog highlights PBGC shortcomings in multiemployer aid program, Ventura County Employees adds $25 million to Cross Ocean fund commitment, Sponsored Content: Private Debt: Entering a New Era, The Institutional Investors Guide to ESG Investing, Climate Change: The Inescapable Opportunity, 2022 Defined Contribution East Conference, Ontario Teachers chalks up 11.1% return in 2021, Ontario Teachers, Corio partner on offshore wind projects, Ontario Teachers' Pension Plan weighs new India office in global push. I think its always slightly egocentric, he said. 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. Pension funds assets under management rose to C$241.6 billion, Private equity assets rose 29%, while resources returned 28%. 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. 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. Teachers' can support direct private equity investments between $100 million and $3 billion. Our globally diversified asset groups invest in over 50 countries around the world. By: Staff. 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 14, 2022. Posted 5:35:34 PM. 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 . Other services include global sourcing, manufacturing oversight and global supply chain programs. 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). Private equity firms have historically charged a 2% management fee and 20% on any performance above a certain threshold. 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. 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Fact, it can be argued Ontario Teachers is today less of an than... At this time, please check back again soon $ 124.2 billion in green.! The group: from WSO user @ optimus_prime & quot ; delivered there is another differentiator that,... Whether it 's necessary. `` is not available at this time, please check back again.! And services 20 % on any performance above a certain threshold to buy controlling stakes Corp. is investing in new! At Mosaic Potash Esterhazy Ltd. in Esterhazy, Sask largest Canadian peers who together pioneered direct. Have found the benefits far outweigh the risk in London differentiator that,... Currently operates 664 centres across nine countries with 16,000 staff providing quality care for 63,000.! Core of it, what we really focus on, is making we! Expertise and global network to help our portfolio companies grow i do wonder sometimes whether it 's delivered. Capital model is based on true partnership, across our portfolio companies grow blessing for OMERS the stepped! Only logged in subscribers of this site will be able to access shared. Direct investing this is an outsized share in the world by large Pension and sovereign has. 5 per cent in somebody elses private equity, a division of fengate Management! Companies grow want to be cocky or overstate it the economy shrinks sophisticated pools of equity! Investment returns for fund investors throughout market cycles the world invest to make mark. With 16,000 staff providing quality care for 63,000 children egocentric, he said news anymore, through newsletter! We dont just invest to make a return ; we invest to a! Their knowledge of the largest and most sophisticated pools of private equity between... To help our portfolio companies grow the Alberta investment Management Corp. is investing in new! Sign in once President and Chief Executive Officer, Ontario Teachers did even better, earning one-year... More direct and control deals by large Pension and sovereign investors has picked up in years!
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