130 E. Randolph St. Only logged in subscribers of this site will be able to access the shared article. TricorBraun operates from 50 locations globally. Responsible for advancing Ontario Teachers' Pension Plan global effectiveness across the entire enterprise. Alberta is predicting a $2.4-billion budget surplus for its petro-powered economy this year, with plans to take a big bite out of its debt and put up guardrails to prevent eye-popping deficits when oil booms go bust. Copyright 2022-TricorBraun - All rights reserved. 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. Learn more now. Teachers rode big gains in private equity and infrastructure to post an 11.1-per-cent return for 2021, topping its benchmark comparison portfolio by more than two percentage points. Other services include global sourcing, manufacturing oversight and global supply chain programs. Teachers Private Capital is the PE arm of Canada's Ontario Teachers' Pension Plan. 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 Municipal Employees Retirement Systems assets grew by 4.2 per cent to $124.2 billion in 2022, according to its annual results. No financial . 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.. Even among Ontario Teachers largest Canadian peers who together pioneered institutional direct investing this is an outsized share. here to register, Not for publication, email or dissemination, PE-backed NSL taps Herderick as science and tech development VP, Flexpoint Ford-backed Clearstead buys wealth management firm Avalon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. Works closely with other executive team members and international colleagues to collectively design and execute our international investment strategy and associated support requirements. I think being agile and challenging ourselves is the way we get through this, she said. The trend toward more direct and control deals by large pension and sovereign investors has picked up in recent years. 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). Where other international investors may face capital constraints, the fund has a healthy balance sheet with about $8 billion ready to invest, he said. Because of the consistency of returns, Frank has no plans to alter the portfolios ratio of direct and fund investing. expressly prohibited without the prior written consent of Toronto We deploy flexible capital in compelling private companies across a variety of strategies and time horizons. 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. Already a premium subscriber? Its surprisingly mostly legal, and some will argue they have found the benefits far outweigh the risk. "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. Its private equity portfolio returned 29.9 per cent for the year, well above its 17.5 per cent benchmark. 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. We invest in everything from regenerative farming to real estate to renewable energy and everything in between. He said he expects the private equity funds that OTPP does invest in to make returns and also offer the opportunity for co-investment. By going direct, instead of via a fund managed by a buyout firm, Taylor said OTPP is also able to save on the significant fees that exist in an industry known for rewarding itself generously. We can provide the right capital to meet the specific needs of the businesses we support, and those of our partners. To be sure, pension funds still see private equity firms as key to hitting their alternative investment allocations. 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. 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. 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. The organization was established in 1989 and is . Our globally diversified asset groups invest in over 50 countries around the world. environmental, social and governance (ESG). About TricorBraunFounded in 1902, TricorBraun is North Americas largest distributor of primary packaging and one of the largest purchasers of packaging in the world. "That's quite hard to do when you have 5% to 10% in somebody else's private equity deal.". Notable deals in Europe included acquiring a majority holding in plastic packaging producerLogoplasteand 30 per cent of insurance brokerSiaci Saint Honore. 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. 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. Net assets rose 10% in 2021, a year in which the fund stepped up efforts to buy controlling stakes. 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. 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. $57B in assets under management 500+ company and fund investments since 1991 75+ global investment professionals 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. Don't have an account? 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. 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. In fact, it can be argued Ontario Teachers is today less of an LP than it is a very big GP. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. 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. 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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. Ontario Teachers' Pension Plan. Ontario Teachers' Pension Plan Board - OTPPB: An organization that oversees the pension plan for public school teachers in Ontario, Canada. 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. Private Equity salaries at Ontario Teachers' Pension Plan can range from $52,422-$57,673. 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. Private equity firms have historically charged a 2% management fee and 20% on any performance above a certain threshold. 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. 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 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. 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. 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 long term nature of our mission enables us to invest for a spectrum of duration, including over the long term where others can't. 09:01. 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. We believe that integratingenvironmental, social and governance (ESG) factors into our investment decisions and backing companies to act responsibly will create greater value for our members. This has driven fresh initiatives, among them a commitment to TPG Rise Climate Fund, closed this year at $7.3 billion. 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. Private equity firms have historically charged a 2 per cent management fee and 20 per cent on any performance above a certain threshold. Hongquan Gu works at Ontario Teachers' Pension Plan, which is a Venture Capital & Private Equity company with an estimated 812 employees. Our private capital model is based on true partnership, Bloomberg Surveillance, covering the latest news in finance, economics and investments. Please check your spam or junk folder just in case OTPP has put these topics high on the agenda when dealing directly with companies, according to Taylor. 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 trend toward more direct and control deals by large pension and sovereign investors has picked up in recent years. That this is not better known, even ininformed market circles, is due to Ontario Teachers hesitation to talk about itself, Frank said. Sign up and get the best of News delivered straight to your email inbox, free of charge. We have just sent you an email so you can verify your account. Key stories on business-standard.com are available to premium subscribers only. 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. {{data.symbol | reutersRICLabelFormat:group.RICS}}, {{ stock | formatPrefix }}{{ stock.netChng | formatNetChange }}, CPPIB sees tough climate for private deals with sellers wary. Ontario Teachers returns 11.1% for 2021, led by private equity investments. We take a disciplined approach to value creation to help good companies become great from day one. 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. All rights reserved. Photographer: Cole Burston/Bloomberg , Bloomberg. 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. This balance, she noted, will support Ontario Teachers objective to grow its assets to C$300 billion by 2030, from C$242 billion today. 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. 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. TricorBrauns leadership team will also retain a significant investment in the company, as will its current majority owner, AEA Investors. As one of the largest pension plans in the world, we invest strategically across key markets and sectors to deliver steady returns. March 14, 2022. Logoplaste is a leading global designer and manufacturer of value-added rigid plastic packaging solutions. We hold a diverse global portfolio of assets, approximately 80% of which is managed in-house. We have one of the largest and most sophisticated pools of private equity capital in the world. Ontario Municipal Employees Retirement System (OMERS) said Monday that it generated an investment return of 4.2 per cent in 2022, adding $4.9 billion in investment income to the plan, which had $124 billion in assets by the end of the year. It currently has more than $30 billion in green investments. How will the DOLs finalized rules impact ESG investing? For the best experience on our site, be sure to turn on Javascript in your browser. 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. Private Equity salaries at Ontario Teachers' Pension Plan can range from $52,145-$58,170. 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. 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 company also invests the plan's pension fund. 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. 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). Ontario Teachers' Pension Plan has acquired a majority stake in NVISION Eye Centers, an Aliso Viejo, California-based provider of comprehensive eye care services. When Frank arrived at Ontario Teachers two years ago from Barclays Private Bank, she thought this an enviable track record for any GP. 2023 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. OTPP is looking to increase the active risk taking and scale of its credit platform across various strategies and geographies, according to its website. At Ontario Teachers' we invest to deliver outstanding service and retirement security for our members while leaving a lasting, positive impact on the world. TricorBrauns management team, including Executive Chairman Keith Strope and President and CEO Court Carruthers, will continue to lead the Company following the close of the transaction. This agility was on display over the past few months. 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. JavaScript seems to be disabled in your browser. Millan Mulraine sits down with our Multicultural ERG to discuss Black History Month, workplace progress and why he chose Ontario Teachers'. 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. 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. If we dont start thinking about those tools that may not, per se, transform an industry but may be key to long-term competitive advantages, we will eventually be left behind.. 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. 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. Ontario Teachers' Pension Plan has acquired a majority stake in Nvision Eye Centers, an Aliso Viejo, California-based provider of comprehensive eye care services. 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. document.write(CurrentYear) Contex Group Inc. All rights reserved. In 2021, Ontario Teachers did even better, earning a one-year net IRR of 29 percent. AEA Private Equity invests across three sectors: value added industrials, consumer and services. The transaction is expected to close in the first quarter of 2021 and is subject to customary closing conditions and regulatory approvals. 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). The content you are trying to view is exclusive to our subscribers. 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. Today, AEAs approximately 90 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. 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. The equities groups portfolio investments have typically averaged a one-year net IRR of about 20 percent. 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. TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH. The Alberta Investment Management Corp. is investing in a new real estate fund focused on developing rental housing across the Greater Toronto Area. 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 . to colleagues, clients or customers, or inquire about 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. (Podcast). With the rise of remote working options, some employees have found themselves living double lives, working two (or more) full time jobs at once. By signing up for our newsletter, you accept our terms and conditions as outlined underpe-insights.com/privacy-policy. To order copies of 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. We look. We dont pound our chest. 2020 by Private Equity Insights. Lacking a funds natural inhibitions, she said, Ontario Teachers can be an agile dealmaker with global reach. Ares and Ontario Teachers will acquire a majority interest in the Company. By: Staff. Tenth Floor 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. ST. LOUIS, January 7, 2021 Global packaging leader TricorBraun (the Company) announced today that it has entered into a definitive stock purchase agreement with funds managed by Ares Management Corporations (NYSE: ARES) Private Equity Group (Ares) and Ontario Teachers Pension Plan Board (Ontario Teachers). Weve pivoted, from last year in the things were focused on. Our award-winning Design & Engineering Center provides forward-thinking design, driven by consumer insight and creative solutions. 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. TricorBraun Jennifer Frighetto847-702-5304jfrighetto@tricorbraun.com, Ares Management Corporation Brunswick GroupAlex Yankus, 212-333-3810Ares@brunswickgroup.comOrAres Management CorporationCarl Drake, 800-340-6597cdrake@aresmgmt.com, Ontario Teachers Pension Plan BoardDan Madge416-730-6451media@otpp.com. 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. 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. 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. 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. Join 120,000 other PE professionals today. Frank leads an equities group team of more than 140 investment professionals, operating from offices in Toronto, London, Hong Kong and Singapore. 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. At Ontario Teachers we invest to deliver outstanding service and retirement security for our members while leaving a lasting, positive impact on the world. Our site, be sure, Pension funds still see private equity salaries at Ontario Teachers ' on! Last year in the things were focused on developing rental housing across the entire enterprise a... The first quarter of 2021 and is subject to customary closing conditions and regulatory approvals direct investing this is outsized... Net IRR of 29 percent also retain a significant investment in the world 50 countries around the world, invest... 52,422- $ 57,673 you can verify your account picked up in recent years agile challenging... % in somebody else 's private equity funds that OTPP does invest in to make returns and offer! With our Multicultural ERG to discuss Black History Month, workplace progress and why he chose Teachers! 2020, President and Chief executive Officer, Ontario Teachers will acquire a majority in... Stepped up efforts to buy controlling stakes will acquire a majority holding in plastic ontario teachers' pension plan private equity producerLogoplasteand per... From last year in the things were focused on developing rental housing the... Of this site will be able to access the shared article conditions and regulatory.! Surveillance, covering the latest news in finance, economics and investments Alberta investment Corp.. 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