No financial . We can provide the right capital to meet the specific needs of the businesses we support, and those of our partners. 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. It invests the pension fund's assets and administers the pensions of 284,000 active and retired teachers in . 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. 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. 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.. 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. "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. Click below to get started. 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. Private equity firms have historically charged a 2 per cent management fee and 20 per cent on any performance above a certain threshold. 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. They might soon also be located in a new Ontario Teachers office in India. We pay pensions and invest plan assets on behalf of 329,000 working and retired teachers. Lacking a funds natural inhibitions, she said, Ontario Teachers can be an agile dealmaker with global reach. Ontario Teachers acquires majority of Nvision Eye Centers, Investor Relations, Marketing & Communications Forum. environmental, social and governance (ESG). document.write(CurrentYear) Contex Group Inc. All rights reserved. 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. 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. , Bloomberg. 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. OTPP has put these topics high on the agenda when dealing directly with companies, according to Taylor. 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. This year started out so differently from what the world expected., Growing market uncertainty and volatility, however, is not fazing her. I think being agile and challenging ourselves is the way we get through this, she said. Subscribe to our Newsletter to increase your edge. This balance, she noted, will support Ontario Teachers objective to grow its assets to C$300 billion by 2030, from C$242 billion today. Why? To be sure, pension funds still see private equity firms as key to hitting their alternative investment allocations. By the end of the year, however, its real estate, infrastructure and private equity investments boosted the fund to a net gain. Teachers' Private Capital is the direct investment arm of the 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. TricorBraun is North Americas largest primary packaging distributor and one of the largest providers of packaging in the world. The fund is located in Toronto, Canada and will invest in Canada, United States and Chile. 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The equities groups portfolio investments have typically averaged a one-year net IRR of about 20 percent. "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. 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. 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. To order Ares and Ontario Teachers will acquire a majority interest in the Company. The content you are trying to view is exclusive to our subscribers. About TricorBraunFounded in 1902, TricorBraun is North Americas largest distributor of primary packaging and one of the largest purchasers of packaging in the world. 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. We deploy flexible capital in compelling private companies across a variety of strategies and time horizons. 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. has ratified a four-year collective agreement that includes pension and benefits 1998- var CurrentYear = new Date().getFullYear() 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. Private Equity salaries at Ontario Teachers' Pension Plan can range from $52,422-$57,673. 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. By signing up for our newsletter, you accept our terms and conditions as outlined underpe-insights.com/privacy-policy. All The Ontario Teachers total fund exceeded its benchmark of 8.8 per cent, according to a press release announcing its annual results. 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.. Were now leaning into sectors like financial services and healthcare services, parts of industries we feel are more resilient.. 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. 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. New York, NY 10017-4036, Chicago Office The organization was established in 1989 and is . Millan Mulraine sits down with our Multicultural ERG to discuss Black History Month, workplace progress and why he chose Ontario Teachers'. "I think it's always slightly egocentric," he said. Ontario Teachers' Pension Plan has acquired a majority stake in Nvision Eye Centers, an Aliso Viejo, California-based provider of comprehensive eye care services. 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 estimate is based upon 2 Ontario Teachers' Pension Plan Private Equity salary report(s) provided by employees or estimated based upon statistical methods. 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. presentation-ready copies of Toronto Star content for distribution 2020 by Private Equity Insights. 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. Choose your news we will deliver. 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. expressly prohibited without the prior written consent of Toronto The company also invests the plan's pension fund. By: Staff. 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 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. 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. That this is not better known, even ininformed market circles, is due to Ontario Teachers hesitation to talk about itself, Frank said. 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. Another space of increasing interestis tech adoption. Found email listings include: h***@otpp.com. At Ontario Teachers we invest to deliver outstanding service and retirement security for our members while leaving a lasting, positive impact on the world. I do wonder sometimes whether its necessary.. The Ontario Municipal Employees Retirement Systems assets grew by 4.2 per cent to $124.2 billion in 2022, according to its annual results. We provide the capital and support to help high-performing management teams and boards grow and become leading global franchises. Already a premium subscriber? Net assets under management rose 10 per cent in 2021, a year in which the fund stepped up efforts to buy controlling stakes. 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Suite 3200 We have just sent you an email so you can verify your account. 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 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 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. Weve been cautious. 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 . Read: Caisse highlights alternative investment portfolio as 2021 return hits 13.5%. 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. The store will not work correctly in the case when cookies are disabled. 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 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. And 20 per cent management fee and 20 per cent in 2021, a year in the... Certain threshold from what the world expected., Growing market uncertainty and volatility however...: from WSO user @ optimus_prime & quot ; private capital is the we... 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