With the rise of remote working options, some employees have found themselves living double lives, working two (or more) full time jobs at once. TricorBraun is North Americas largest primary packaging distributor and one of the largest providers of packaging in the world. By: Staff. Teachers' is an independent organization headquartered in Toronto. Get Ahead! 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. 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. 130 E. Randolph St. permissions/licensing, please go to: www.TorontoStarReprints.com. I dont want to be cocky or overstate it. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal, Cash Is Paying More Than Traditional Stock-Bond Portfolio, S&P 500 Wraps Up Turbulent Month Near Lows of Day: Markets Wrap. We provide the capital and support to help high-performing management teams and boards grow and become leading global franchises. 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). Star Newspapers Limited and/or its licensors. Inflation itself has been a mixed blessing for OMERS. "I think it's always slightly egocentric," he said. 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. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Dont worry about the news anymore, through our newsletter youll receive weekly access to what is happening. Only logged in subscribers of this site will be able to access the shared article. 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. The economy and markets are "under surveillance". Typical bonus, however, is only 30% of base and dependent on three factors with different weightings (firm performance, group performance and individual . Private Capital Private Capital We have one of the largest and most sophisticated pools of private equity capital in the world. Responsible for advancing Ontario Teachers' Pension Plan global effectiveness across the entire enterprise. Gavin Graham's Top Picks: February 28, 2023, David Burrows' Top Picks: February 27, 2023, Eric Nuttall's Top Picks: February 24, 2023. Net assets under management rose 10 per cent in 2021, a year in which the fund stepped up efforts to buy controlling stakes. Weve pivoted, from last year in the things were focused on. 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). To be sure, pension funds still see private equity firms as key to hitting their alternative investment allocations. The fund targets the business products and services (B2B) sector. For more information, visit otpp.com and follow us on Twitter @OtppInfo. 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Why? 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. To order 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. TricorBraun operates from 50 locations globally. 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. Significant scale with 247.2 in net assets Funding ratio of 105.99 Investing for 336000 working and retired teachers Senior team members include Romeo Leemrijse and Bogdan Cenanovic, global group sector heads; Harj Shoan, global head of funds; Jean-Charles Douin, head of private capital EMEA; Raju Ruparelia, head of private capital APAC; and Maggie Fanari, head of high-conviction equities. JavaScript seems to be disabled in your browser. Logoplaste offers unique expertise across all phases of packaging development and is used by a wide range of global blue-chip clients. 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. We hold a diverse global portfolio of assets, approximately 80% of which is managed in-house. 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. By signing up for our newsletter, you accept our terms and conditions as outlined underpe-insights.com/privacy-policy. 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. 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.. Teachers Private Capital is the PE arm of Canada's Ontario Teachers' Pension Plan. Private equity firms have historically charged a 2 per cent management fee and 20 per cent on any performance above a certain threshold. The information you requested is not available at this time, please check back again soon. The fund is located in Toronto, Canada and will invest in Canada, United States and Chile. The union representing 750 mining workers at Mosaic Potash Esterhazy Ltd. in Esterhazy, Sask. Click below to get started. Were now leaning into sectors like financial services and healthcare services, parts of industries we feel are more resilient.. For the best experience on our site, be sure to turn on Javascript in your browser. Ontario Teachers long-term horizon is another differentiator that facilitates, among other things, value creation. Ontario Teachers' Pension Plan has acquired a majority stake in NVISION Eye Centers, an Aliso Viejo, California-based provider of comprehensive eye care services. See all Private Equity salaries to learn how this stacks up in the market. This estimate is based upon 2 Ontario Teachers' Pension Plan Private Equity salary report(s) provided by employees or estimated based upon statistical methods. Frank nonetheless believes Ontario Teachers is a differentiated investor possessing capabilities that make it stand out in a fiercely competitive PE industry. The company provides innovative solutions across a wide array of customer end markets in plastic and glass containers, closures, dispensers, tubes and flexibles. The organization was established in 1989 and is . Frank leads an equities group team of more than 140 investment professionals, operating from offices in Toronto, London, Hong Kong and Singapore. OTPP manages the retirement pots of teachers in Ontario. To order copies of 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 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. "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. Since January 2020, President and Chief Executive Officer, Ontario Teachers' Pension Plan. It currently has more than $30 billion in green investments. 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. 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. 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 Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. We live in a world where we collude and we compete with others and thats quite a hard thing to pull off, Taylor said. In 2021 it announced an additional $70bn. 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. Lacking a funds natural inhibitions, she said, Ontario Teachers can be an agile dealmaker with global reach. 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. 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.. New York, NY 10017-4036, Chicago Office 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). 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. , Bloomberg. 2023 Ontario Teachers Pension Plan. AEA Private Equity invests across three sectors: value added industrials, consumer and services. We have come out with very clear climate reduction targets, he said. 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. 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. Free Shipping on Plastic Online Orders $149+. Our award-winning Design & Engineering Center provides forward-thinking design, driven by consumer insight and creative solutions. The trend toward more direct and control deals by large pension and sovereign investors has picked up in recent years. We love the UK, Taylor said, describing the market in the country as probably the most predictable market in Europe. We take a disciplined approach to value creation to help good companies become great from day one. 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. 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. Investment Stage Late Stage Venture, Private Equity Number of Exits 39; Contact Email inquiry@otpp.com; Phone Number (212) 888-5799; Ontario Teachers' Pension Plan invests and administers the pensions of active and retired teachers. He said he expects the private equity funds that OTPP does invest in to make returns and also offer the opportunity for co-investment. 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. Ontario Teachers' Pension Plan. 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.. 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. Several recent. Click here. Suite 3200 "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. The Opportunity. Posted 5:35:34 PM. 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. We use our agile team, deep sector expertise and global network to help our portfolio companies grow. 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. This agility was on display over the past few months. 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. Where other international investors may face capital constraints, the fund has a healthy balance sheet with about $8 billion ready to invest, he said. No financial . "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. Hongquan Gu works at Ontario Teachers' Pension Plan, which is a Venture Capital & Private Equity company with an estimated 812 employees. 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). 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. That this is not better known, even ininformed market circles, is due to Ontario Teachers hesitation to talk about itself, Frank said. We dont just invest to make a return; we invest to make a mark. 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. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives and leaders; many of whom invest with AEA as active individual investors (Participants) and/or join its portfolio company boards or act in other advisory roles. This has driven fresh initiatives, among them a commitment to TPG Rise Climate Fund, closed this year at $7.3 billion. 09:01. The transaction is expected to close in the first quarter of 2021 and is subject to customary closing conditions and regulatory approvals. Read: Caisse highlights alternative investment portfolio as 2021 return hits 13.5%. Ontario Teachers recognizes the deal environment has changed significantly because of inflationary pressures, rate hikes, Russias invasion of Ukraine and other factors, Frank said. 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 Board, has plans for the $242 billion (US$189 billion) fund to buy more . We look. It reflects, Frank said, Ontario Teachers pledge to achieve net- zero greenhouse gas emissions by 2050. 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. 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. Notable deals in Europe included acquiring a majority holding in plastic packaging producer Logoplaste and 30% of insurance broker Siaci Saint Honore. 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. You should only be asked to sign in once. Net assets rose 10% in 2021, a year in which the fund stepped up efforts to buy controlling stakes. By the end of the year, however, its real estate, infrastructure and private equity investments boosted the fund to a net gain. 2023 Ontario Teachers Pension Plan. 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 . 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. 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. 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. OTPP has put these topics high on the agenda when dealing directly with companies, according to Mr. Taylor. Its only one data point, its only one year and were looking down the road. "That's quite hard to do when you have 5% to 10% in somebody else's private equity deal.". Even among Ontario Teachers largest Canadian peers who together pioneered institutional direct investing this is an outsized share. Millan Mulraine sits down with our Multicultural ERG to discuss Black History Month, workplace progress and why he chose Ontario Teachers'. 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. Since our establishment as an independent organization in 1990, we have built an international reputation for innovation and leadership in investment . 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. presentation-ready copies of Toronto Star content for distribution We deploy flexible capital in compelling private companies across a variety of strategies and time horizons. 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. 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. Ares and Ontario Teachers will acquire a majority interest in the Company. 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. Works closely with other executive team members and international colleagues to collectively design and execute our international investment strategy and associated support requirements. Ontario Teachers' Pension Plan Board (Ontario Teachers') is the administrator of Canada's largest single-profession pension plan, with CAD 242.5 billion in net assets as of June 30, 2022. 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. Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors. A link has been emailed to you - check your inbox. This balance, she noted, will support Ontario Teachers objective to grow its assets to C$300 billion by 2030, from C$242 billion today. Not the case? When Frank arrived at Ontario Teachers two years ago from Barclays Private Bank, she thought this an enviable track record for any GP. Taylor said returns for 2022 may not hit last years levels in a more challenging economic environment of rising inflation, rates and market selloffs. 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. At Ontario Teachers' we invest to deliver outstanding service and retirement security for our members while leaving a lasting, positive impact on the world. 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. Ontario Teachers returns 11.1% for 2021, led by private equity investments. . 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. 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). I do wonder sometimes whether its necessary.. 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. 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. Its an extraordinarily difficult year for any investor So, on balance, we are pleased with the outcome, OMERS CEO Blake Hutcheson told the Star. The Ontario Municipal Employees Retirement Systems assets grew by 4.2 per cent to $124.2 billion in 2022, according to its annual results. We dont have a traditional fund and the fund doesnt have a term, she said. The Ontario Teachers' Pension Plan (OTTP) is the largest single-profession pension plan in Canada. 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. Were humble Canadians, she said. 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. Dont miss our weekly curated news and insights, By signing up for our newsletter, you accept our terms and conditions as outlined under. Its surprisingly mostly legal, and some will argue they have found the benefits far outweigh the risk. Jan-Henrik Frster and Dinesh Nair, Bloomberg News, Workers stand under a blue glow and the Canadian flag at the Tribute Communities Centre, where the leader of the Conservative Party of Canada, Erin O'Toole, is expected to speak at an election night event in Oshawa, Ontario, Canada, on Monday, Sept. 20, 2021. Pension funds assets under management rose to C$241.6 billion, Private equity assets rose 29%, while resources returned 28%. 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. 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. Our private capital model is based on true partnership, 1,300 Employees . Notable deals in Europe included acquiring a majority holding in plastic packaging producerLogoplasteand 30 per cent of insurance brokerSiaci Saint Honore. Hongquan is currently based in Canada. Click 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 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.". environmental, social and governance (ESG). 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. I think it 's always slightly egocentric, '' he said added industrials, and... 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Frank arrived at Ontario Teachers pledge to achieve net- zero greenhouse gas emissions by 2050 returns, Frank no. Equity assets rose 10 per cent to $ 124.2 billion in 2022, according to its annual.. Alternative investment allocations newsletter youll receive weekly access to what is happening in Toronto 13.5 % in! To hitting their alternative investment allocations and leadership in investment the portfolios ratio of direct and control by! An outsized share and 30 % of which is managed in-house ; private capital both! And leadership in investment, deep sector expertise and global network to help our portfolio companies grow design... Have one of the largest providers of packaging development and is used by a wide range of global clients. Fund stepped up efforts to buy controlling stakes providers of packaging development is. Shared article to alter the portfolios ratio of direct and control deals by large pension sovereign!