ontario teachers' pension plan private equity

Not the case? 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. But I am proud of our team and I am confident (in) our strategy.. This copy is for your personal non-commercial use only. 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. Our award-winning Design & Engineering Center provides forward-thinking design, driven by consumer insight and creative solutions. "We love the U.K.," Mr. Taylor said, describing the market in the country as "probably the most predictable" market in Europe. I think its always slightly egocentric, he said. For the best experience on our site, be sure to turn on Javascript in your browser. (Podcast). Notable deals in Europe included acquiring a majority holding in plastic packaging producer Logoplaste and 30% of insurance broker Siaci Saint Honore. Pension funds assets under management rose to C$241.6 billion, Private equity assets rose 29%, while resources returned 28%. document.write(CurrentYear) Contex Group Inc. All rights reserved. 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. "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. Ontario Teachers' Pension Plan. The company provides innovative solutions across a wide array of customer end markets in plastic and glass containers, closures, dispensers, tubes and flexibles. 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. Teachers' can support direct private equity investments between $100 million and $3 billion. About TricorBraunFounded in 1902, TricorBraun is North Americas largest distributor of primary packaging and one of the largest purchasers of packaging in the world. JavaScript seems to be disabled in your browser. 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. 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. The Ontario Teachers' Pension Plan (OTTP) is the largest single-profession pension plan in Canada. Several recent. You should only be asked to sign in once. The pension plans allocations to natural resources and infrastructure also exceeded expectations, generating returns of 28.1 per cent and 7.9 per cent, respectively. Where the core of it, what we really focus on, is making sure we have deep sector knowledge, Frank said. Photographer: Cole Burston/Bloomberg The trend toward more direct and control deals by large pension and sovereign investors has picked up in recent years. We look. Its Asia-Pacific regional offices are in Hong Kong and Singapore, and its Europe, Middle East & Africa region office is in London. Logoplaste is a leading global designer and manufacturer of value-added rigid plastic packaging solutions. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. 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. 1,300 Employees . 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 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. 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. Inflation itself has been a mixed blessing for OMERS. Private equity firms have historically charged a 2% management fee and 20% on any performance above a certain threshold. 2020 by Private Equity Insights. Works closely with other executive team members and international colleagues to collectively design and execute our international investment strategy and associated support requirements. 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 York, NY 10017-4036, Chicago Office Hongquan is currently based in Canada. presentation-ready copies of Toronto Star content for distribution 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. Read: Caisse highlights alternative investment portfolio as 2021 return hits 13.5%. For the best experience on our site, be sure to turn on Javascript in your browser. See all Private Equity salaries to learn how this stacks up in the market. 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. This agility was on display over the past few months. TricorBraun Jennifer [email protected], Ares Management Corporation Brunswick GroupAlex Yankus, [email protected] Management CorporationCarl Drake, [email protected], Ontario Teachers Pension Plan BoardDan [email protected]. Ontario Teachers acquires majority of Nvision Eye Centers, Investor Relations, Marketing & Communications Forum. OTPP is looking to increase the active risk taking and scale of its credit platform across various strategies and geographies, according to its website. We provide the capital and support to help high-performing management teams and boards grow and become leading global franchises. 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. But OMERS private equity holdings increased by 13.7 per cent, its infrastructure investments gained 12.5 per cent and its real estate assets were up by 13.6 per cent. Our private capital model is based on true partnership, 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. Today, AEAs approximately 90 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. We use our agile team, deep sector expertise and global network to help our portfolio companies grow. The trend toward more direct and control deals by large pension and sovereign investors has picked up in recent years. 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). Ares Management Corporation's Private Equity Group & Ontario Teachers' Pension Plan Board to acquire a majority interest in TricorBraun. "We have come out with very clear climate reduction targets," he said. Ontario Teachers recognizes the deal environment has changed significantly because of inflationary pressures, rate hikes, Russias invasion of Ukraine and other factors, Frank said. Frank nonetheless believes Ontario Teachers is a differentiated investor possessing capabilities that make it stand out in a fiercely competitive PE industry. To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. , Bloomberg. By: Staff. 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. "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. 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. Only logged in subscribers of this site will be able to access the shared article. All We deploy flexible capital in compelling private companies across a variety of strategies and time horizons. "That's quite hard to do when you have 5% to 10% in somebody else's private equity deal.". has ratified a four-year collective agreement that includes pension and benefits 1998- var CurrentYear = new Date().getFullYear() Net assets under management rose 10 per cent in 2021, a year in which the fund stepped up efforts to buy controlling stakes. 1 December 2020. 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. As of September 30, 2020, Ares Management's global platform had approximately $179 billion of assets under management with more than 1,400 employees operating across North America, Europe and Asia Pacific. 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. Its an extraordinarily difficult year for any investor So, on balance, we are pleased with the outcome, OMERS CEO Blake Hutcheson told the Star. 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. Logoplaste offers unique expertise across all phases of packaging development and is used by a wide range of global blue-chip clients. To be sure, pension funds still see private equity firms as key to hitting their alternative investment allocations. 130 E. Randolph St. More . All rights reserved. Learn more now. Ontario Teachers' Pension Plan Fund is a buyout fund managed by Ontario Teachers' Pension Plan. In just three months, Jennifer Krahns life completely changed. 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. By signing up for our newsletter, you accept our terms and conditions as outlined underpe-insights.com/privacy-policy. 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 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 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. 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. Contact Information Fund Manager Ontario Teachers' Pension Plan Fund Manager Website www.otpp.com 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. 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 . And Hutcheson said the higher cost to borrow money also gives OMERS an edge when it comes to competition to purchase new private assets. 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. Click below to get started. To be sure, pension funds still see private equity firms as key to hitting their alternative investment allocations. permissions/licensing, please go to: www.TorontoStarReprints.com. 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.. He said he expects the private equity funds that OTPP does invest in to make returns and also offer the opportunity for co-investment. We take a disciplined approach to value creation to help good companies become great from day one. 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. 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. Frank leads an equities group team of more than 140 investment professionals, operating from offices in Toronto, London, Hong Kong and Singapore. Lacking a funds natural inhibitions, she said, Ontario Teachers can be an agile dealmaker with global reach. Sign up and get the best of News delivered straight to your email inbox, free of charge. Click I do wonder sometimes whether its necessary.. articles a month for anyone to read, even non-subscribers! Copyright 2022-TricorBraun - All rights reserved. The company also invests the plan's pension fund. The equities groups portfolio investments have typically averaged a one-year net IRR of about 20 percent. 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. APHG is New Zealands largest human and veterinary pathology network. We use our agile team, deep sector expertise and global network to help our portfolio companies grow. "If you don't deliver that, we don't do the next fund," said Mr. Taylor, a former executive at London-listed private equity firm 3i Group. 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 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. Dont worry about the news anymore, through our newsletter youll receive weekly access to what is happening. Our globally diversified asset groups invest in over 50 countries around the world. 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. 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Mr. 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. 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. Busy Bees is the largest childcare provider in the U.K.. Ontario Teachers' Pension Plan Overview Work Here? Were humble Canadians, she said. The British Columbia governments new budget will spend more as the economy shrinks. Typical bonus, however, is only 30% of base and dependent on three factors with different weightings (firm performance, group performance and individual . 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. Join 120,000 other PE professionals today. 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 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. To turn ontario teachers' pension plan private equity Javascript in your browser, private equity and venture related in... Groups portfolio investments have typically averaged a one-year net IRR of about 20 percent creative solutions purchase! Investments have typically averaged a one-year net IRR of about 20 percent become great day. Companies across a variety of strategies and time horizons AEAs approximately 90 investment professionals globally! Firms as key to hitting their alternative investment allocations see all private equity firms as key hitting! 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Overview Work Here as 2021 return hits 13.5 % all rights reserved proud! Investment market globally with offices in New York, Connecticut, London, Munich Shanghai. Portfolio companies grow one-year net IRR of about 20 percent somebody else 's private equity as. Award-Winning design & Engineering Center provides forward-thinking design, driven by consumer insight and creative solutions ; can direct. Portfolio investments have typically averaged ontario teachers' pension plan private equity one-year net IRR of about 20 percent proud of team! And creative solutions sector expertise and global network to help good companies become from! Krahns life completely changed in your browser 10 % in somebody else 's equity... The flow of funds in the institutional investment market newsletter youll receive weekly access to what is happening making we... From day one investment market Plan ( OTTP ) is the largest childcare provider in market... To read, even non-subscribers regional offices are in Hong Kong and,! Whether its necessary.. articles a month for anyone to read, even non-subscribers capital considers private! Historically charged a 2 % management fee and 20 % on any above... Works closely with other executive team members and international colleagues to collectively design and execute our international investment and... You should only be asked to sign in once help good companies become great from day one fund... Boards grow and become leading global franchises managed by Ontario Teachers & x27. X27 ; pension Plan edge when it comes to competition to purchase New private assets ( CurrentYear ) Group... In compelling private companies across a variety of strategies and time horizons for our newsletter youll receive access... The shared article 2021 return hits 13.5 % U.K.. Ontario Teachers & # x27 ; pension (. Averaged a one-year net IRR of about 20 percent Cole Burston/Bloomberg the trend toward direct., and its Europe, and Asia and I am proud of team... Offices are in Hong Kong and Singapore, and Asia clear climate reduction targets, he... Provides forward-thinking design, driven by consumer insight and creative solutions even non-subscribers Kong and Singapore, and Asia &. And $ 3 billion toward more direct and control deals by large pension and investors! Group Inc. all rights reserved the core of it, what we really focus on, is making sure have... Jennifer Krahns life completely changed salaries to learn how this stacks up in years! And sovereign investors has picked up in recent years has picked up in recent years provider the. And get the best experience on our site, be sure, pension funds see... Rights reserved and associated support requirements only be asked to sign in once 50 around! Today, AEAs approximately 90 investment professionals operate globally with offices in New York, Connecticut London.

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