The fund is located in Toronto, Canada and will invest in Canada, United States and Chile. We pay pensions and invest plan assets on behalf of 329,000 working and retired teachers. Teachers Private Capital is the PE arm of Canada's Ontario Teachers' Pension Plan. 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. 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 To order 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. The company serves consumer packaged goods companies, from cutting-edge start-ups to the worlds most iconic brands, and is a critical packaging provider for the essential personal care and household cleaning, food and beverage, and healthcare/nutraceutical industries. Liked by Saad Khan. Click 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. Singapore's state-owned investor Temasek Holdings bought testing company Element Materials from buyout firm Bridgepoint Group for $7 billion earlier this year, while Brookfield Asset Management this week agreed to acquire emergency household repairs provider HomeServe for 4.1 billion ($5 billion). Thrilled to announce our latest investment partnership with GraceMed, a leader in Canada's cosmetic surgery and medical spa industries. Contact Information Fund Manager Ontario Teachers' Pension Plan Fund Manager Website www.otpp.com We dont have a traditional fund and the fund doesnt have a term, she said. 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. 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. permissions/licensing, please go to: www.TorontoStarReprints.com. "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 use our agile team, deep sector expertise and global network to help our portfolio companies grow. 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. The organization was established in 1989 and is . 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. For more information, please visit www.aresmgmt.com. For more information, visit otpp.com and follow us on Twitter @OtppInfo. By: Staff. The content you are trying to view is exclusive to our subscribers. 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. "We love the U.K.," Mr. Taylor said, describing the market in the country as "probably the most predictable" market in Europe. Serving customers since 1902, TricorBraun has grown to $1.5 billion in annual sales, with more than 1,100 team members in 50 locations throughout North America, Europe, and Asia. Found email listings include: h***@otpp.com. 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. TricorBraun is North Americas largest primary packaging distributor and one of the largest providers of packaging in the world. APHG is New Zealands largest human and veterinary pathology network. 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. Ares and Ontario Teachers will acquire a majority interest in the Company. Ontario Teachers returns 11.1% for 2021, led by private equity investments. 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. Ares Managements investment groups collaborate to deliver innovative investment solutions and consistent, attractive investment returns for fund investors throughout market cycles. Dont worry about the news anymore, through our newsletter youll receive weekly access to what is happening. With the rise of remote working options, some employees have found themselves living double lives, working two (or more) full time jobs at once. 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. We have one of the largest and most sophisticated pools of private equity capital in the world. 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. Logoplaste is a leading global designer and manufacturer of value-added rigid plastic packaging solutions. 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 . 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. We had excellent investment performance, maintaining our fully funded status and delivered a high level of service for our members all while making meaningful progress on our new multi-year strategy.. 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. A few WSO users shared their knowledge of the group: From WSO user @optimus_prime". TricorBrauns proven process will guide your packaging decisions from napkin sketch all the way to the retail shelf. 2023 Ontario Teachers Pension Plan. TricorBraun Jennifer [email protected], Ares Management Corporation Brunswick GroupAlex Yankus, [email protected] Management CorporationCarl Drake, [email protected], Ontario Teachers Pension Plan BoardDan [email protected]. Hongquan is currently based in Canada. Our private capital model is based on true partnership, The pension system was in the thick of last year's vigorous PE dealmaking, investing or committing about $7.8bn globally, roughly 2x its outlay in 2020 and 2019. 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. 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. 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. The Ontario Municipal Employees Retirement Systems assets grew by 4.2 per cent to $124.2 billion in 2022, according to its annual results. Since January 2020, President and Chief Executive Officer, Ontario Teachers' Pension Plan. Typical bonus, however, is only 30% of base and dependent on three factors with different weightings (firm performance, group performance and individual . Its an extraordinarily difficult year for any investor So, on balance, we are pleased with the outcome, OMERS CEO Blake Hutcheson told the Star. 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. We value our strong partnership, and we are excited to continue our support of TricorBrauns growth strategies.. We use our agile team, deep sector expertise and global network to help our portfolio companies grow. Investment Stage Late Stage Venture, Private Equity Number of Exits 39; Contact Email [email protected]; Phone Number (212) 888-5799; Ontario Teachers' Pension Plan invests and administers the pensions of active and retired teachers. Click below to get started. See all Private Equity salaries to learn how this stacks up in the market. , Bloomberg. 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. Weve pivoted, from last year in the things were focused on. global insights and specialized expertise. 09:01. 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. They might soon also be located in a new Ontario Teachers office in India. 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. And while OMERS missed out on a boom in tech stocks in 2020 (contributing to a $3 billion loss that year), Hutcheson said Monday, We try not to get distracted by short-term fads or shiny objects., Anyone can read Conversations, but to contribute, you should be a registered Torstar account holder. 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. To be sure, pension funds still see private equity firms as key to hitting their alternative investment allocations. 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. The firm manages funds that have over $15 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies and mezzanine and senior debt investments. 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. Ontario Teachers' Pension Plan, a Canadian fund that manages C$242.5 billion ($181 billion) of assets, has paused direct investing in private assets in China, according to people familiar. * * @ otpp.com New Zealands largest human and veterinary pathology network United States and Chile in. In 2022, according to its annual results Chief Executive Officer, Ontario Teachers returns 11.1 % 2021! 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