The Healthcare of Ontario Pension Plan achieved a 7.7 per cent net return at the end of 2025, resulting in a net investment income of $9.7 billion, according to its latest investment report.
The investment return pushed the net assets of the investment organization to $132 billion, up from $123 billion at the end of 2024. The funded status of the plan reached 109 per cent.
Read: HOOPP reports 9.7% return in 2024, net assets increase to $123BN
Compared to a 10-year 5.9 per cent benchmark return, the HOOPP’s 10-year annualized return was 7.8 per cent.
The HOOPP’s portfolio is split between capital markets (65 per cent) and private markets (35 per cent), which offered a net return of 11.7 per cent and 2.1 per cent respectively.
In the report, the investment organization said public equity exposures benefited from resilient earnings, easing monetary policy and improved market sentiment. However, private assets were muted, reflecting valuation pressures particularly in private equity and real estate.
“In an increasingly complex investment environment, we remained focused on prudent risk management and long-term value creation,” said Annesley Wallace, president and chief executive officer at the HOOPP, in a press release. “Looking ahead, we are well positioned to protect the plan’s strength and continue delivering sustainable retirement security for Ontario’s health-care community.”
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