Contact Information Fund Manager Ontario Teachers' Pension Plan Fund Manager Website www.otpp.com The Alberta Investment Management Corp. is investing in a new real estate fund focused on developing rental housing across the Greater Toronto Area. Suite 3200 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. 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. For more information, please visit www.aresmgmt.com. Across our portfolio we help businesses become more profitable and sustainable. All rights reserved. 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. 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. 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 live in a world where we collude and we compete with others and thats quite a hard thing to pull off, Taylor said. The fund is located in Toronto, Canada and will invest in Canada, United States and Chile. "I think it's always slightly egocentric," he said. 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Frank nonetheless believes Ontario Teachers is a differentiated investor possessing capabilities that make it stand out in a fiercely competitive PE industry. . "We love the U.K.," Mr. Taylor said, describing the market in the country as "probably the most predictable" market in Europe. $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. See all Private Equity salaries to learn how this stacks up in the market. 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. When Frank arrived at Ontario Teachers two years ago from Barclays Private Bank, she thought this an enviable track record for any GP. In fact, it can be argued Ontario Teachers is today less of an LP than it is a very big GP. 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 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. Free Shipping on Plastic Online Orders $149+. Ares and Ontario Teachers will acquire a majority interest in the Company. But as central banks have raised interest rates, thats made it easier for the fund to save money, said OMERS chief financial officer Jonathan Simmons. Millan Mulraine sits down with our Multicultural ERG to discuss Black History Month, workplace progress and why he chose Ontario Teachers'. 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. Why? Please check your spam or junk folder just in case We use our agile team, deep sector expertise and global network to help our portfolio companies grow. 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. Click below to get started. 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. 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. 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. Its private equity portfolio returned 29.9 per cent for the year, well above its 17.5 per cent benchmark. I think its always slightly egocentric, he said. The equities group is made up of private capital and high-conviction equities, which invests across the capital structure of listed businesses. 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. 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. 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. Republication or distribution of this content is 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. 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. Key stories on business-standard.com are available to premium subscribers only. "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. 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. I do wonder sometimes whether its necessary.. The economy and markets are "under surveillance". All To order To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market. In 2021 it announced an additional $70bn. We use our agile team, deep sector expertise and global network to help our portfolio companies grow. 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. 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 Deadline To Apply For This Role IsFebruary 14, 2023Our CompanyOntario Teachers' is Canada'sSee this and similar jobs on LinkedIn. Since our establishment as an independent organization in 1990, we have built an international reputation for innovation and leadership in investment . 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. {{data.symbol | reutersRICLabelFormat:group.RICS}}, {{ stock | formatPrefix }}{{ stock.netChng | formatNetChange }}, CPPIB sees tough climate for private deals with sellers wary. Because of the consistency of returns, Frank has no plans to alter the portfolios ratio of direct and fund investing. 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. But I am proud of our team and I am confident (in) our strategy.. Subscribe to our Newsletter to increase your edge. We deploy flexible capital in compelling private companies across a variety of strategies and time horizons. 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. Register now to read this article and more for free. Ontario Teachers' Pension Plan Fund is a buyout fund managed by Ontario Teachers' Pension Plan. By the end of the year, however, its real estate, infrastructure and private equity investments boosted the fund to a net gain. Responsible for advancing Ontario Teachers' Pension Plan global effectiveness across the entire enterprise. 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. 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. Gavin Graham's Top Picks: February 28, 2023, David Burrows' Top Picks: February 27, 2023, Eric Nuttall's Top Picks: February 24, 2023. 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. 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. Notable deals in Europe included acquiring a majority holding in plastic packaging producerLogoplasteand 30 per cent of insurance brokerSiaci Saint Honore. Ontario Teachers' Pension Plan has acquired a majority stake in NVISION Eye Centers, an Aliso Viejo, California-based provider of comprehensive eye care services. Ontario Teachers' Pension Plan has acquired a majority stake in Nvision Eye Centers, an Aliso Viejo, California-based provider of comprehensive eye care services. Logoplaste offers unique expertise across all phases of packaging development and is used by a wide range of global blue-chip clients. We value our strong partnership, and we are excited to continue our support of TricorBrauns growth strategies.. He said he expects the private equity funds that OTPP does invest in to make returns and also offer the opportunity for co-investment. In just three months, Jennifer Krahns life completely changed. 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. Teachers' can support direct private equity investments between $100 million and $3 billion. 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