I think its always slightly egocentric, he said. "That's quite hard to do when you have 5% to 10% in somebody else's private equity deal.". 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. Works closely with other executive team members and international colleagues to collectively design and execute our international investment strategy and associated support requirements. 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 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). Thats quite hard to do when you have 5 per cent to 10 per cent in somebody elses private equity deal.. 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. Inflation itself has been a mixed blessing for OMERS. Posted 5:35:34 PM. I dont want to be cocky or overstate it. For the best experience on our site, be sure to turn on Javascript in your browser. Key stories on business-standard.com are available to premium subscribers only. Teachers' is an independent organization headquartered in Toronto. 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. Were humble Canadians, she said. Hongquan is currently based in Canada. "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. 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. 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. 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. TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH. GlobalCapital, is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730, Covered bond spreads poised to tighten as supply cools, Ruschpler leaves ADB funding team for internal move, Belgium cuts stake in BNP Paribas but keeps seat on board, Santander hops into lively Kangaroo market after NAB tier two, Credit Suisse loses two more from credit sales. 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. 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 . "I think it's always slightly egocentric," he said. For more information, visit otpp.com and follow us on Twitter @OtppInfo. Ontario Teachers' Pension Plan has acquired a majority stake in NVISION Eye Centers, an Aliso Viejo, California-based provider of comprehensive eye care services. Join 120,000 other PE professionals today. 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. OTPP manages the retirement pots of teachers in Ontario. 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. Other services include global sourcing, manufacturing oversight and global supply chain programs. 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 invest in everything from regenerative farming to real estate to renewable energy and everything in between. 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. The trend toward more direct and control deals by large pension and sovereign investors has picked up in recent years. Teachers Private Capital is the PE arm of Canada's Ontario Teachers' Pension Plan. This estimate is based upon 2 Ontario Teachers' Pension Plan Private Equity salary report(s) provided by employees or estimated based upon statistical methods. Read More Gavin Graham's Top Picks: February 28, 2023, David Burrows' Top Picks: February 27, 2023, Eric Nuttall's Top Picks: February 24, 2023. 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. Its only one data point, its only one year and were looking down the road. 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. 130 E. Randolph St. Only logged in subscribers of this site will be able to access the shared article. it's been delivered there. Not the case? Ontario Teachers long-term horizon is another differentiator that facilitates, among other things, value creation. We look. Ares and Ontario Teachers will acquire a majority interest in the Company. 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. It currently has more than $30 billion in green investments. Its private equity portfolio returned 29.9 per cent for the year, well above its 17.5 per cent benchmark. Dont miss our weekly curated news and insights, By signing up for our newsletter, you accept our terms and conditions as outlined under. The company currently operates 664 centres across nine countries with 16,000 staff providing quality care for 63,000 children. 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. Liked by Saad Khan. 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. To be sure, pension funds still see private equity firms as key to hitting their alternative investment allocations. We can provide the right capital to meet the specific needs of the businesses we support, and those of our partners. The company provides innovative solutions across a wide array of customer end markets in plastic and glass containers, closures, dispensers, tubes and flexibles. OTPP is looking to increase the active risk taking and scale of its credit platform across various strategies and geographies, according to its website. A growing chorus of experts say they are, Caisse de dpt et placement du Qubec reports loss of 5.6 per cent in 2022, Ontario Teachers Pension Plan becomes second public pension to write off crypto bet, The Toronto Star and thestar.com, each property of Toronto Star Were now leaning into sectors like financial services and healthcare services, parts of industries we feel are more resilient.. Frank nonetheless believes Ontario Teachers is a differentiated investor possessing capabilities that make it stand out in a fiercely competitive PE industry. 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. Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. presentation-ready copies of Toronto Star content for distribution 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. 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. Several recent. Dont worry about the news anymore, through our newsletter youll receive weekly access to what is happening. JavaScript seems to be disabled in your browser. 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. 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. The fund outperformed . Typical bonus, however, is only 30% of base and dependent on three factors with different weightings (firm performance, group performance and individual . 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. Our award-winning Design & Engineering Center provides forward-thinking design, driven by consumer insight and creative solutions. Notable deals in Europe included acquiring a majority holding in plastic packaging producer Logoplaste and 30% of insurance broker Siaci Saint Honore. Net assets rose 10% in 2021, a year in which the fund stepped up efforts to buy controlling stakes. 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. Found email listings include: h***@otpp.com. And Hutcheson said the higher cost to borrow money also gives OMERS an edge when it comes to competition to purchase new private assets. At Ontario Teachers we invest to deliver outstanding service and retirement security for our members while leaving a lasting, positive impact on the world. "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 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. $57B in assets under management 500+ company and fund investments since 1991 75+ global investment professionals document.write(CurrentYear) Contex Group Inc. All rights reserved. 685 Third Avenue Sign up and get the best of News delivered straight to your email inbox, free of charge. Logoplaste is a leading global designer and manufacturer of value-added rigid plastic packaging solutions. Ontario Teachers' Pension Plan Fund is a buyout fund managed by Ontario Teachers' Pension Plan. 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. In large industries like consumer and healthcare, the goal is to dig into and explore niche opportunities. They included the acquisition of software provider Mitratech for $1.5 billion and the acquisition alongside PAI Partners of eye-care clinic network Veonet, reportedly for $2.3 billion. 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. More . Private equity firms have historically charged a 2 per cent management fee and 20 per cent on any performance above a certain threshold. 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. INDUS Realty to be taken private in $868m deal, NextPower UK ESG Exceeds 500m Target Within Six Months, Brookfield consortium trims offer for Australias Origin Energy to $10.5bn. 09:01. Don't have an account? Main Office 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. Learn more now. The Ontario Municipal Employees Retirement Systems assets grew by 4.2 per cent to $124.2 billion in 2022, according to its annual results. The union representing 750 mining workers at Mosaic Potash Esterhazy Ltd. in Esterhazy, Sask. This has driven fresh initiatives, among them a commitment to TPG Rise Climate Fund, closed this year at $7.3 billion. 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. ophthalmology investments, including last years Veonet, owe to in-house domain expertise acquired over time. The trend toward more direct and control deals by large pension and sovereign investors has picked up in recent years. When Frank arrived at Ontario Teachers two years ago from Barclays Private Bank, she thought this an enviable track record for any GP. 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. 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. Private Equity salaries at Ontario Teachers' Pension Plan can range from $52,145-$58,170. 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 $124 billion in assets by the end of the year. Ontario Teachers returns 11.1% for 2021, led by private equity investments. Why? 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. Choose your news we will deliver. This copy is for your personal non-commercial use only. 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.. Tenth Floor Copyright 2022-TricorBraun - All rights reserved. "We have come out with very clear climate reduction targets," he said. Pension funds assets under management rose to C$241.6 billion, Private equity assets rose 29%, while resources returned 28%. They might soon also be located in a new Ontario Teachers office in India. 1 December 2020. Its Asia-Pacific regional offices are in Hong Kong and Singapore, and its Europe, Middle East & Africa region office is in London. All You should only be asked to sign in once. 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. 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. 2023 Ontario Teachers Pension Plan. "We love the U.K.," Mr. Taylor said, describing the market in the country as "probably the most predictable" market in Europe. 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. Toronto Star articles, please go to: www.TorontoStarReprints.com, Conversations are opinions of our readers and are subject to the, Are Canadas largest pensions putting your retirement at risk? Our globally diversified asset groups invest in over 50 countries around the world. We have one of the largest and most sophisticated pools of private equity capital in the world. For the best experience on our site, be sure to turn on Javascript in your browser. Ontario Teachers' is Canada's largest single-profession pension plan with $204.7 billion in net assets. expressly prohibited without the prior written consent of Toronto The store will not work correctly in the case when cookies are disabled. Thrilled to announce our latest investment partnership with GraceMed, a leader in Canada's cosmetic surgery and medical spa industries. To order A few WSO users shared their knowledge of the group: From WSO user @optimus_prime". I think being agile and challenging ourselves is the way we get through this, she said. Even among Ontario Teachers largest Canadian peers who together pioneered institutional direct investing this is an outsized share. 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 Deadline To Apply For This Role IsFebruary 14, 2023Our CompanyOntario Teachers' is Canada'sSee this and similar jobs on LinkedIn. . About TricorBraunFounded in 1902, TricorBraun is North Americas largest distributor of primary packaging and one of the largest purchasers of packaging in the world. March 14, 2022. 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. We use our agile team, deep sector expertise and global network to help our portfolio companies grow. Another space of increasing interestis tech adoption. Private Equity salaries at Ontario Teachers' Pension Plan can range from $52,422-$57,673. 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. The Opportunity. See all Private Equity salaries to learn how this stacks up in the market. OTPP has put these topics high on the agenda when dealing directly with companies, 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 . 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.. Its an extraordinarily difficult year for any investor So, on balance, we are pleased with the outcome, OMERS CEO Blake Hutcheson told the Star. To order copies of 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. "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. 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. Busy Bees is the largest childcare provider in the U.K.. 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. OTPP manages the retirement pots of teachers in Ontario. 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. The economy and markets are "under surveillance". 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