Ontario Teachers’ Pension Plan – Benefits Canada.com

Commercial real estate challenges forcing Canadian pension funds to re-evaluate strategy: report

bmcgovern — Mon, 08 Jul 2024 19:00:53 +0000

Some of Canada’s largest pension funds are rethinking their real estate strategies as higher interest rates continue to push valuations lower and lenders pull in their purse strings, according to reporting by Bloomberg. Read: Canadian pension funds seeking diversification in real estate at home, abroad: experts Indeed, it said the Canada Pension Plan Investment Board […]

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OMERS sells LifeLabs for $1.35BN, Ontario Teachers’ Venture Growth invests in Japanese HR software firm

bmcgovern — Fri, 05 Jul 2024 17:00:01 +0000

The Ontario Municipal Employees’ Retirement System is selling LifeLabs Inc. in a deal worth roughly $1.35 billion to U.S.-based Quest Diagnostics. The transaction is expected to close by the end of the year, said a press release. The Canadian laboratory firm will retain its brand, headquarters and management after the deal closes. “OMERS is proud […]

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Ontario Teachers’ backs Indian financial services operator, Caisse invests in business software provider

bmcgovern — Fri, 28 Jun 2024 19:00:30 +0000

The Ontario Teachers’ Pension Plan is acquiring a minority stake in India-based financial institution Kogta Financial Ltd. through a Series E investment transaction worth US$148 million. The firm specializes in the secured vehicle and micro-, small- and medium-sized enterprises financing space with loans. The funds from the transaction will be used as primary capital for growth […]

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How the investment strategies of the Maple 8 impact the decisions of medium- and small-sized plan sponsors

bmcgovern — Fri, 21 Jun 2024 12:56:30 +0000

While many of the investment strategies and resources at the disposal of the Maple 8 — Canada’s eight largest public pension plans that represent more than $2.1 trillion in assets under management — are out of reach for medium- and small-sized plan sponsors in the country, the path carved by the most sophisticated investment organizations […]

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AIMCo Realty completes $900 million sale of green bond offerings; Ontario Teachers’ Venture Growth investing in German AI firm

bwolfe — Mon, 27 May 2024 19:00:36 +0000

The real estate investment arm of the Alberta Investment Management Corp. has completed the sale of $900 million in green bond offerings. The Series 6 and Series 7 unsecured notes, each valued at $450 million, are AIMCo Realty’s second and third green bond issuances under its green financing framework, according to a press release, which […]

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Ontario Teachers’ considers selling seniors’ residence operator, Ivanhoé Cambridge forms Australian student housing joint venture

bmcgovern — Fri, 19 Apr 2024 19:00:26 +0000

The Ontario Teachers’ Pension Plan is considering selling Amica Senior Lifestyles in a deal that could be worth $5 billion, according to report by Bloomberg. The Ontario Teachers’ acquired the senior luxury residence operator in 2015 through a transaction by its subsidiary BayBridge Seniors Housing Inc., which includes more than 30 assets in British Columbia and Ontario. […]

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How will growing anti-ESG sentiment in the U.S. impact Canadian institutional investors?

bwolfe — Fri, 12 Apr 2024 12:56:50 +0000

A growing wave of opposition to environmental, social and governance factors has turned life in the sustainable finance industry into something of a roller coaster over the last couple of years. But a little turbulence is to be expected, says Alyson Slater, managing director of sustainable investment at Manulife Investment Management, encouraging institutional investors to […]

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Ontario Teachers’ gains minority stake in new alternative lender, UPP backs U.K. locomotive operator

bmcgovern — Mon, 01 Apr 2024 19:00:47 +0000

The Ontario Teachers’ Pension Plan is gaining a minority stake in a new financial entity resulting from a merger between Fairstone Bank of Canada and Home Trust Company. The new group will have a national branch and broker network to offer residential and commercial mortgages, personal loans, credit cards, retail financing, auto financing, digital lending […]

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Tim Deacon leaving Ontario Teachers’ for Sun Life Financial

lbailey — Tue, 26 Mar 2024 19:00:10 +0000

Tim Deacon is leaving his role as chief financial officer at the Ontario Teachers’ Pension Plan for a leadership role at another financial institution, effective April 5. Effective April 8, Deacon will begin a new role as Sun Life Financial Inc.’s chief financial officer. He joined the Ontario Teachers’ in 2021, succeeding David McGraw after serving as […]

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CPPIB and Ontario Teachers’ reinvesting in India infrastructure fund

bmcgovern — Fri, 22 Mar 2024 19:00:12 +0000

The Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan are reinvesting in an infrastructure trust sponsored by the National Highways Authority of India. The CPPIB and the Ontario Teachers’ renewed their financial commitment to the infrastructure fund through a new capital raise, contributing $297 million and $298 million, respectively. The total respective […]

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