Photographer: Cole Burston/Bloomberg , Bloomberg. Teachers Private Capital is the PE arm of Canada's Ontario Teachers' Pension Plan. Not the case? We dont just invest to make a return; we invest to make a mark. Dont miss our weekly curated news and insights, By signing up for our newsletter, you accept our terms and conditions as outlined under. "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. 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. Its surprisingly mostly legal, and some will argue they have found the benefits far outweigh the risk. 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 Taylor. 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Suite 3200 Our award-winning Design & Engineering Center provides forward-thinking design, driven by consumer insight and creative solutions. Private equity firms have historically charged a 2% management fee and 20% on any performance above a certain threshold. global insights and specialized expertise. We can provide the right capital to meet the specific needs of the businesses we support, and those of our partners. This year started out so differently from what the world expected., Growing market uncertainty and volatility, however, is not fazing her. Ontario Teachers' Pension Plan has acquired a majority stake in NVISION Eye Centers, an Aliso Viejo, California-based provider of comprehensive eye care services. 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. 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. In just three months, Jennifer Krahns life completely changed. 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. See all Private Equity salaries to learn how this stacks up in the market. Even among Ontario Teachers largest Canadian peers who together pioneered institutional direct investing this is an outsized share. 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. Base is in 80-85k range. "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. $57B in assets under management 500+ company and fund investments since 1991 75+ global investment professionals Ontario Teachers' Pension Plan Overview Work Here? 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. All rights reserved. Found email listings include: h***@otpp.com. Lacking a funds natural inhibitions, she said, Ontario Teachers can be an agile dealmaker with global reach. 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. For more information, visit otpp.com and follow us on Twitter @OtppInfo. 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 Opportunity. In 2021 it announced an additional $70bn. 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. Typical bonus, however, is only 30% of base and dependent on three factors with different weightings (firm performance, group performance and individual . . 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. "I do wonder sometimes whether it's necessary.". We have one of the largest and most sophisticated pools of private equity capital in the world. Read More Main Office Why? 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. We have had a tremendously successful partnership with AEA, culminating with record sales in 2020, and we look forward to working with Ares and Ontario Teachers to deliver even greater value to our customers and suppliers over the coming years.. 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 dont pound our chest. Private Capital Private Capital We have one of the largest and most sophisticated pools of private equity capital in the world. Private Equity salaries at Ontario Teachers' Pension Plan can range from $52,145-$58,170. 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 private capital team has long specialized in six sectors: consumer, diversified industrials and business services, financial services, healthcare, sustainability and energy transition, and tech, media and telecom. 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. Ares Managements investment groups collaborate to deliver innovative investment solutions and consistent, attractive investment returns for fund investors throughout market cycles. TricorBrauns leadership team will also retain a significant investment in the company, as will its current majority owner, AEA Investors. 09:01. Ontario Teachers long-term horizon is another differentiator that facilitates, among other things, value creation. APHG is New Zealands largest human and veterinary pathology network. 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? Canada-based Ontario Teachers' Pension Plan, one of the world's biggest pension fund managers, says it is betting on infrastructure and private equity (PE) in this country. Looking ahead, OTPP is considering opening an office in India as part of its expansion into fast-growing emerging markets and is also looking to set up a credit investment team in London. 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. To order copies of it's been delivered there. Diversifying away from stocks and bonds and investing significant capital in alternative assets has become a hallmark of Canadas big pension funds (though some critics say such assets can be more difficult to value and valuations are not conducted as often as investments that trade on public markets). Please check your spam or junk folder just in case 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. Hutcheson said the funds real estate assets (which generate a stream of rental income and tend to steadily increase in value) are also a good hedge against inflation. "We love the U.K.," Mr. Taylor said, describing the market in the country as "probably the most predictable" market in Europe. 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. We take a disciplined approach to value creation to help good companies become great from day one. Sometimes the value creation playbook is going to take longer to execute, Frank 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. Private equity firms have historically charged a 2 per cent management fee and 20 per cent on any performance above a certain threshold. 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 . Star Newspapers Limited and/or its licensors. The Deadline To Apply For This Role IsFebruary 14, 2023Our CompanyOntario Teachers' is Canada'sSee this and similar jobs on LinkedIn. All Ares Management Corporation's Private Equity Group & Ontario Teachers' Pension Plan Board to acquire a majority interest in TricorBraun. Read: Caisse highlights alternative investment portfolio as 2021 return hits 13.5%. Ontario Teachers' Pension Plan has acquired a majority stake in Nvision Eye Centers, an Aliso Viejo, California-based provider of comprehensive eye care services. All rights reserved. The equities group is made up of private capital and high-conviction equities, which invests across the capital structure of listed businesses. 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 have come out with very clear climate reduction targets," he said. To be sure, pension funds still see private equity firms as key to hitting their alternative investment allocations. Since January 2020, President and Chief Executive Officer, Ontario Teachers' Pension Plan. We love the UK, Taylor said, describing the market in the country as probably the most predictable market in Europe. 2023 Ontario Teachers Pension Plan. permissions/licensing, please go to: www.TorontoStarReprints.com. Taylor said returns for 2022 may not hit last years levels in a more challenging economic environment of rising inflation, rates and market selloffs. 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.. Choose your news we will deliver. 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. A few WSO users shared their knowledge of the group: From WSO user @optimus_prime". The organization was established in 1989 and is . The economy and markets are "under surveillance". 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. 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. OTPP's top executives say returns for 2022 may struggle to hit last year's levels in a more challenging economic environment of rising inflation, rates and market sell-offs. 1 December 2020. 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Its only one data point, its only one year and were looking down the road. "I think it's always slightly egocentric," he said. 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. The Ontario Teachers total fund exceeded its benchmark of 8.8 per cent, according to a press release announcing its annual results. March 14, 2022. "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. Private Equity salaries at Ontario Teachers' Pension Plan can range from $52,422-$57,673. New York, NY 10017-4036, Chicago Office The pension is expected to step into the the roles filled by private equity firm Birch Hill over the past nine years . Hongquan is currently based in Canada. 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.. 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. Fengate Private Equity, a division of Fengate Asset Management, recently announced a strategic minority equity investment in GraceMed, a recognized. 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. Copyright 2022-TricorBraun - All rights reserved. I dont want to be cocky or overstate it. 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.. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Key stories on business-standard.com are available to premium subscribers only. We use our agile team, deep sector expertise and global network to help our portfolio companies grow. TricorBraun is North Americas largest primary packaging distributor and one of the largest providers of packaging in the world. 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.. For more information, please visit www.aresmgmt.com. 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. 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. 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. The information you requested is not available at this time, please check back again soon. It invests the pension fund's assets and administers the pensions of 284,000 active and retired teachers in . Ontario Teachers returns 11.1% for 2021, led by private equity investments. About TricorBraunFounded in 1902, TricorBraun is North Americas largest distributor of primary packaging and one of the largest purchasers of packaging in the world. 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). In 2021, Ontario Teachers did even better, earning a one-year net IRR of 29 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. Other services include global sourcing, manufacturing oversight and global supply chain programs. Click More . AEA Private Equity invests across three sectors: value added industrials, consumer and services. We live in a world where we collude and we compete with others and thats quite a hard thing to pull off, Taylor said. We look. Ontario Teachers acquires majority of Nvision Eye Centers, Investor Relations, Marketing & Communications Forum. 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. 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 Inc., KKR & Co. and Apollo Global Management Inc. in the hunt for takeover targets in private and potentially public markets. 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. Bloomberg Surveillance, covering the latest news in finance, economics and investments. Jo Taylor, chief executive officer of Ontario Teachers' Pension Plan Board, has plans for the $242 billion (US$189 billion) fund to buy more . 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. Ontario Teachers' Pension Plan. Responsible for advancing Ontario Teachers' Pension Plan global effectiveness across the entire enterprise. The trend toward more direct and control deals by large pension and sovereign investors has picked up in recent years. At Ontario Teachers we invest to deliver outstanding service and retirement security for our members while leaving a lasting, positive impact on the world. 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. 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. Millan Mulraine sits down with our Multicultural ERG to discuss Black History Month, workplace progress and why he chose Ontario Teachers'. Dont worry about the news anymore, through our newsletter youll receive weekly access to what is happening. Significant scale with 247.2 in net assets Funding ratio of 105.99 Investing for 336000 working and retired teachers 2023 Ontario Teachers Pension Plan. The equities groups portfolio investments have typically averaged a one-year net IRR of about 20 percent. document.write(CurrentYear) Contex Group Inc. All rights reserved. Teachers' can support direct private equity investments between $100 million and $3 billion. TORONTO and SAO PAULO, May 10, 2021 /PRNewswire/ - Ontario Teachers' Pension Plan Board ("Ontario Teachers'") is pleased to announce that it has entered into a definitive agreement with TPG,. Frank leads an equities group team of more than 140 investment professionals, operating from offices in Toronto, London, Hong Kong and Singapore. In a rare interview, Mr. 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. 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. Several recent. 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. We invest in everything from regenerative farming to real estate to renewable energy and everything in between. 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 . Already a premium subscriber? The trend toward more direct and control deals by large pension and sovereign investors has picked up in recent years. Since our establishment as an independent organization in 1990, we have built an international reputation for innovation and leadership in investment . About Ontario Teachers Pension Plan BoardOntario Teachers' is the administrator of Canada's largest single-profession pension plan, with C$204.7 billion in net assets (all figures at June 30, 2020 unless noted). 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. Free Shipping on Plastic Online Orders $149+. 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. Ares and Ontario Teachers are the right partners to help us expand on our steady growth as we continue to build the best place for the best people in packaging, said Carruthers. It reflects, Frank said, Ontario Teachers pledge to achieve net- zero greenhouse gas emissions by 2050. This copy is for your personal non-commercial use only. The fund outperformed . In fact, it can be argued Ontario Teachers is today less of an LP than it is a very big GP. Because of the consistency of returns, Frank has no plans to alter the portfolios ratio of direct and fund investing. 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. Teachers' is an independent organization headquartered in Toronto. "That's quite hard to do when you have 5% to 10% in somebody else's private equity deal.". Click here. 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. 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. Posted 5:35:34 PM. Tenth Floor 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. 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. The fund targets the business products and services (B2B) sector. The Ontario Teachers' Pension Plan (OTTP) is the largest single-profession pension plan in Canada. Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. OTPP manages the retirement pots of teachers in Ontario. An independent organization, it invests the pension fund's assets and administers the pensions of 329,000 active and retired teachers in Ontario. Ontario Teachers' is Canada's largest single-profession pension plan with $204.7 billion in net assets. TricorBraun To Be Acquired by Ares Management and Ontario Teachers' Pension Plan Board | TricorBraun The store will not work correctly in the case when cookies are disabled.

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