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). 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. Suite 3200 Since our establishment as an independent organization in 1990, we have built an international reputation for innovation and leadership in investment . 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. 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. 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 Private Capital is the PE arm of Canada's Ontario Teachers' Pension Plan. The trend toward more direct and control deals by large pension and sovereign investors has picked up in recent years. Main Office We can provide the right capital to meet the specific needs of the businesses we support, and those of our partners. In fact, it can be argued Ontario Teachers is today less of an LP than it is a very big GP. The Ontario Teachers total fund exceeded its benchmark of 8.8 per cent, according to a press release announcing its annual results. TricorBraun is North Americas largest primary packaging distributor and one of the largest providers of packaging in the world. When Frank arrived at Ontario Teachers two years ago from Barclays Private Bank, she thought this an enviable track record for any GP. Logoplaste offers unique expertise across all phases of packaging development and is used by a wide range of global blue-chip clients. Our award-winning Design & Engineering Center provides forward-thinking design, driven by consumer insight and creative solutions. Sometimes the value creation playbook is going to take longer to execute, Frank said. The company provides innovative solutions across a wide array of customer end markets in plastic and glass containers, closures, dispensers, tubes and flexibles. 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 . 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. The transaction is expected to close in the first quarter of 2021 and is subject to customary closing conditions and regulatory approvals. We dont pound our chest. 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. Ontario Teachers returns 11.1% for 2021, led by private equity investments. Logoplaste is a leading global designer and manufacturer of value-added rigid plastic packaging solutions. 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. Another space of increasing interestis tech adoption. We value our strong partnership, and we are excited to continue our support of TricorBrauns growth strategies.. Ontario Teachers acquires majority of Nvision Eye Centers, Investor Relations, Marketing & Communications Forum. Were now leaning into sectors like financial services and healthcare services, parts of industries we feel are more resilient.. Notable deals in Europe included acquiring a majority holding in plastic packaging producerLogoplasteand 30 per cent of insurance brokerSiaci Saint Honore. The equities groups portfolio investments have typically averaged a one-year net IRR of about 20 percent. Tenth Floor 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.. 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. ophthalmology investments, including last years Veonet, owe to in-house domain expertise acquired over time. (Podcast). The Ontario Teachers' Pension Plan (OTTP) is the largest single-profession pension plan in Canada. It holds a diverse global portfolio of assets, approximately 80% of which is managed in-house, and has earned an annual total-fund net return of 9.5% since the plan's founding in 1990. 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.. At Ontario Teachers we invest to deliver outstanding service and retirement security for our members while leaving a lasting, positive impact on the world. 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' Venture Growth (TVG) is an investment department within Ontario Teachers' Pension Plan that is focused on late stage venture and growth equity investments in . . Newspapers Limited, 8 Spadina Avenue, 10th Floor, Toronto, ON M5V 0S8, OMERS actually posted a loss of $500 million, Canadas big pension funds (though some critics say such assets can be more difficult to value, contributing to a $3 billion loss that year. 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 . 1 December 2020. Across our portfolio we help businesses become more profitable and sustainable. He said he expects the private equity funds that OTPP does invest in to make returns and also offer the opportunity for co-investment. 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. The fund targets the business products and services (B2B) sector. Posted 5:35:34 PM. More . Responsible for advancing Ontario Teachers' Pension Plan global effectiveness across the entire enterprise. TricorBraun operates from 50 locations globally. OTPP manages the retirement pots of teachers in Ontario. 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. Its only one data point, its only one year and were looking down the road. "We have come out with very clear climate reduction targets," he said. The Need for Speed in Trend-Following Strategies, Global Fixed Income: Volatility and Uncertainty Here to Stay, Morningstar Indexes' Annual ESG Risk/Return Analysis, 2023 Outlook: The Top Five Trends to Monitor in the Year Ahead, Show Me the Income: Discovering plan sponsor and participant preferences for cr, The Future of Infrastructure: Building a Better Tomorrow, For institutional investors, ETFs can make meeting liquidity needs easier, Gold: the most effective commodity investment, 2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios, Ten ways retirement plan professionals add value to plan sponsors. Even among Ontario Teachers largest Canadian peers who together pioneered institutional direct investing this is an outsized share. 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. For more information, visit otpp.com and follow us on Twitter @OtppInfo. 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 firms have historically charged a 2% management fee and 20% on any performance above a certain threshold. We have just sent you an email so you can verify your account. 2020 by Private Equity Insights. Get Ahead! That this is not better known, even ininformed market circles, is due to Ontario Teachers hesitation to talk about itself, Frank said. The union representing 750 mining workers at Mosaic Potash Esterhazy Ltd. in Esterhazy, Sask. Ontario Teachers' Pension Plan. I dont want to be cocky or overstate it. 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.. "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. We use our agile team, deep sector expertise and global network to help our portfolio companies grow. We pay pensions and invest plan assets on behalf of 329,000 working and retired teachers. 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 Fengate Private Equity, a division of Fengate Asset Management, recently announced a strategic minority equity investment in GraceMed, a recognized. 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. 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. OTPP has put these topics high on the agenda when dealing directly with companies, according to Mr. Taylor. 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. The store will not work correctly in the case when cookies are disabled. To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. Inflation itself has been a mixed blessing for OMERS. 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